We collect information such as name, social security number, address, income, employment information, and assets directly from our members through membership applications, loan applications and any other forms that you may complete. We also collect information from others when we verify information on the forms that we receive, such as information from other institutions, credit reporting agencies and current and past employers. We will only collect information that we feel necessary to provide competitive financial products and services. Any information collected will be kept secure and confidential.
In order for us to conduct the business of the credit union, we may disclose all of the information we collect, as described above, to companies that perform marketing or other services on our behalf or to other financial institutions with whom we have joint marketing agreements. We may also disclose nonpublic personal information about you under 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.
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 the information we provide to other third parties. We will not provide payoff or account information to an indirect third party.
If you terminate your membership with Construction Federal Credit Union, we will not share any information we have collected about you, except as may be permitted or required by law.
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. Our employees are trained in the importance of maintaining confidentiality and member privacy. We maintain physical, electronic, and procedural safeguards that comply with federal and state regulations to safe guard your nonpublic personal information.
If you have questions or comments regarding this privacy statement or if you need to correct information we have on file, please contact us at:
Construction Federal Credit Union
Main Office / Bingham Office Park
30400 Telegraph Road, Suite 122
Bingham Farms, MI 48025