Rev. 09/2023
What does Leominster Credit Union do with your Personal Information?
Why?
Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What?
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
- Social Security Number
- Income
- Account Balances
- Transaction History
- Credit History
- Credit Scores
When you are no longer our member, we continue to share your information as described in this notice.
How?
All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members’ personal information; the reasons Leominster Credit Union chooses to share; and whether you can limit this sharing.
| Reasons we can share your personal information | Does Leominster Credit Union Share? | Can you limit this sharing? |
|---|---|---|
| For our everyday business purposes — such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus | Yes | No |
| For our marketing purposes — to offer our products and services to you | Yes | No |
| For joint marketing with our other financial companies | Yes | No |
| For our affiliates’ everyday business purposes— information about your transactions and experiences | No | We do not share |
| For our affiliates’ everyday business purposes— information about your creditworthiness | No | We do not share |
| For our affiliates to market to you | No | We do not share |
| For non-affiliates to market to you | No | We do not share |
What We Do
How does Leominster Credit Union protect my personal information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How does Leominster Credit Union collect my personal information?
We collect your personal information, for example, when you
- Open an account
- Deposit money
- Use your credit or debit card
- Pay your bills
- Apply for a loan
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing?
Federal law gives you the right to limit only:
- Sharing for affiliates’ everyday business purposes – information about your creditworthiness
- Affiliates from using your information to market to you
- Sharing for non-affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
[See below for more on your rights under state law.]
Definitions
Affiliates – Companies related by common ownership or control. They can be financial and nonfinancial companies
• Leominster Credit Union does not share with our affiliates.
Nonaffiliates – Companies not related by common ownership or control. They can
be financial and nonfinancial companies
• Leominster Credit Union does not share with nonaffiliates so they can market to you.
Joint Marketing – A formal agreement between nonaffilliated financial companies that together market financial products or services to you
• Our joint marketing partners include credit card, debit card, direct mail companies and certain providers of non-deposit investment products, insurance services, and securities brokerage services.
Other Important Information
Leominster Credit Union maintains standards to meet 201 CMR 17.00: Standards for the Protection of Personal Information of Residents of the Commonwealth of Massachusetts.
Questions?
Call 800-649-4646 or go to leominstercu.com
