IMECO Federal Credit Union is owned by its members who elect a board of directors to oversee its operations. You can be confident that your financial privacy is one of our top priorities. 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 ask us.
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 agreements, 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, that limit the use of the information we provide, and that will not sell the information provided by us to third parties.
Information we collect and disclose about you:
We collect and may disclose nonpublic 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 conduct financial transactions.
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 us, 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 nonpublic 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 your confidentiality and member privacy. We maintain physical, electronic, and procedural safeguards that comply with federal regulations and leading industry practices to safeguard your nonpublic personal information.
USA Patriot Act of 2001
In order to open or change an account, add a signer, or make an application for any services.
Federal Law
(USA Patriot Act of 2001)
Now requires us to obtain and retain photo identification for identity verification purposes.
The Uniting and strengthening of America by providing appropriate tools required to intercept obstruct terrorism (USA Patriot Act of 2001), requires financial Institutions to take steps to obtain and verify certain identifying information for any person used to verify the persons identity; and determine whether the person appears on any list of suspected terrorists provided by the Federal Government.
Help Us Prevent Identity Fraud…..
According to the Federal Trade Commission, Identity theft is the fastest-growing crime in the country. Our ability to feel safe is becoming more difficult with terrorism and crime on a steady increase.
The USA Patriot Act has paved the way for financial institutions to help prevent fraud, identity theft, and the spread of terrorism. It requires financial institutions to obtain more information form an individual or legal entity to help establish identity.
Your cooperation is needed when you open a new account or request a loan. You may be asked more questions to establish and confirm your identity. It may also be required for you to provide one or more forms of identification.
