WHAT WE DO
HOW DOES PEFCU COLLECT MY PERSONAL INFORMATION?
We collect personal information, for example, when you:
• Open an account or deposit money
• Pay bills or apply for loans
• Use your credit or debit card
We also collect your personal information from others, such as credit
bureaus or other companies.
WHY CAN’T I LIMIT ALL MY SHARING?
Federal law gives you the right to limit only: Sharing for affiliates’
everyday business purposes and information about your
creditworthiness.
DEFINITIONS
AFFILIATES – Penn East Federal Credit Union has no affiliates.
NON-AFFILIATES – Companies not related by common ownership or control. They can be financial and non-financial companies.
• Consumer reporting agencies • Check/share draft processors
• Financial statement publishers • Plastic card processors
• Government agencies
JOINT MARKETING – A formal agreement between non-affiliated financial companies that together market financial products or services to you.
FACTS – WHAT DOES PEFCU 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 to 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 • Assets
• Employment Information • Credit History and Score
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 customers’ 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 PEFCU chooses to share, and whether you can limit this sharing.
REASONS WE CAN SHARE YOUR PERSONAL INFORMATION
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
DOES PEFCU SHARE? YES
CAN YOU LIMIT THE SHARING? NO
FOR MARKETING PURPOSES – To offer our products and services to you
DOES PEFCU SHARE? YES
CAN YOU LIMIT THE SHARING? NO
FOR JOINT MARKETING WITH OTHER FINANCIAL COMPANIES
DOES PEFCU SHARE? NO
CAN YOU LIMIT THE SHARING? WE DON’T SHARE
FOR OUR AFFILIATES’ EVERYDAY BUSINESS PURPOSES – Information about your transactions and experiences
DOES PEFCU SHARE? NO
CAN YOU LIMIT THE SHARING? WE DON’T SHARE
FOR OUR AFFILIATES’ EVERYDAY BUSINESS PURPOSES – Information about your creditworthiness
DOES PEFCU SHARE? NO
CAN YOU LIMIT THE SHARING? WE DON’T SHARE
FOR OUR NON-AFFILIATES TO MARKET TO YOU
DOES PEFCU SHARE? YES
CAN YOU LIMIT THE SHARING? YES
Negative Information Notice
As permitted by law, Penn East FCU may report information about your loan and deposit accounts to credit bureaus. Late payments, missed payments, or other defaults on your accounts may be reflected in your credit report.
Error Resolution
It is each member’s responsibility to review statements promptly. In the event of an error or question about a transaction, we must hear from no later than 60 days after we send the statement on which the problem or error first appeared.