WAKOTA FEDERAL CREDIT UNION'S
PRIVACY POLICY
Wakota Federal Credit Union is owned by its members and run by a
board of directors you elect. You can be confident that your
financial privacy is a top priority of this credit union. We are
required by law to give you this privacy notice to explain how we
collect, use and safeguard your personal financial information. If
you have any questions, please contact a financial service
representative at 651-451-3330.
We are committed to providing you with competitive products and
services to meet your financial needs, which necessitates, that we
share information about you to complete your transactions and to
provide you with certain financial opportunities. In order to do so,
we have entered into agreements with other companies that provide
either services to us or additional financial products for you to
consider.
Under these arrangements, we may disclose all of the information we
collect as described below, to companies that perform marketing or
other services on our behalf or to other financial institutions with
whom we have joint marketing agreements. To protect our members’
privacy, we only work with companies that agree to maintain strong
confidentiality protections and limit the use of
information we provide. We do not permit these companies to sell to
other third parties the information we provide them.
Information we collect and disclose about you
We collect and may disclose non public personal information about
you from the following sources:
- Information we receive from you on membership and loan
applications and other forms;
- Information about your transactions with us or others;
- Information we receive from a consumer reporting agency;
- Information obtained when verifying the information you
provide on an application or other forms, such as from your
current or past employers or from other institutions where you
conducted financial business.
We may also disclose information we collect about you under other
circumstances as permitted or required by law. These disclosures
typically include information to process transactions on your
behalf, conduct the operations of our credit union, follow your
instructions as you authorize, or protect the security of our
financial records.
If you terminate your membership with Wakota Federal Credit Union,
we will not share information we have collected about you, except as
permitted or required by law.
How we protect your information
We restrict access to non public personal information about you
to those employees who have a specific business purpose in utilizing
your data. Our employees are trained in the importance of
maintaining confidentiality and member privacy. We maintain
physical, electronic and procedural safeguards that comply with
federal regulations and leading industry practices to safeguard your
non public personal information.
We collect and may disclose non public personal information about
you from the following sources:
- Information we receive from you on membership and loan
applications and other forms;
- Information about your transactions with us or others;
- Information we receive from a consumer reporting agency;
- Information obtained when verifying
the information you provide on an application or other forms, such
as from your current or past employers or from other institutions
where you conducted
financial business.
We may also disclose information we collect about you under other
circumstances as permitted or required by law. These disclosures
typically include information to process transactions on your
behalf, conduct the operations of our credit union, follow your
instructions as you authorize, or protect the security of our
financial records.
If you terminate your membership with Wakota Federal Credit
Union, we will not share information we have collected about you,
except as permitted or required by law.
How we protect your information
We restrict access to non public personal information about you to
those employees who have a specific business purpose in utilizing
your data. Our employees are trained in the importance of
maintaining confidentiality and member privacy. We maintain
physical, electronic and procedural safeguards that comply with
federal regulations and leading industry practices to safeguard your
non public personal information.
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