What does Island federal 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.|
The types of personal information we collect and share depend on the product or service you have with us. This information can include:
|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 Island Federal Credit Union chooses to share; and whether you can limit this sharing|
|Reasons we can share your personal information||Does Island Federal Share?||Can you limit sharing?|
For 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
For our marketing purposes -
to offer our products and services to you
|For joint marketing with other financial companies||Yes||No|
For our affiliates’ everyday business purposes -
information about your transactions and experiences
For our affiliates’ everyday business purposes –
information about your creditworthiness
For our affiliates’ to market to you
|For nonaffiliates to market to you||No||We don't share|
|To Limit Sharing||
Please note: If you are a new member, we can begin sharing your information 30 days from the date we sent this notice. However, you can contact us at any time to limit our sharing.
What we do
|How does Island Federal 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 for whom access is appropriate|
|How does Island Federal collect my personal information?||
We collect your personal information, for example, when you
We also collect your personal information from others, such as credit bureaus or other companies.
|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.
See below for more on your rights under state law.
Companies related by common ownership or control. They can be financial and non-financial companies.
Companies not related by common ownership or control. They can be financial and non-financial companies.
A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
Other important information
For Vermont Members. We will not share personal information with nonaffiliates either for them to market to you or for
joint marketing – without your authorization, and we will not share personal information with affiliates about your
creditworthiness without your authorization.