| FACTS | WHAT DOES LAKES FEDERAL 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 and credit history Payment history and account transactions Transaction history and checking account information 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 Lakes Federal Credit Union chooses to share, and whether you can limit this sharing. |
| Does Lakes Federal CU 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. |
No | We don’t share. |
| For our affiliates’ everyday business purposes – Information about your transactions and experiences |
No | We don’t share. |
| For joint marketing with other financial companies – To offer their products and services to you |
Yes | Yes |
| For our affiliates’ everyday business purposes – Information about your creditworthiness |
No | We don’t share. |
| For nonaffiliated to market to you. | No | We don’t share. |
| What we do | |
| How does lakes Federal 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. We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees from whom access is appropriate. |
| How does Lakes Federal Credit Union collect my personal information? |
We collect your personal information, for examples, when you
We also collect your personal information from others, such |
| Why can’t I limit all sharing? | Federal law gives you the right to limit only
State laws and individual companies may give you additional rights to limit sharing. |
| Definitions | |
| Affiliates | Companies related by common ownership or control. They can be financial and nonfinancial companies Lakes Federal Credit Union has no affiliates |
| Nonaffiliates | Companies not related by common ownership or control. They can be financial and nonfinancial companies. Lakes Federal Credit Union does not share with nonaffiliates so they can market to you. |
| Joint marketing | A formal agreement between nonaffiliated financial companies that together market financial products or services to you. Our joint market partners include CUNA MUTUAL |