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following privacy principles were established to maintain
the security, integrity and confidentiality of your personal
financial information.
The type
of information we collect -
We
routinely collect and retain the information we obtain from
your account applications, transaction history (for
deposits, loans, credit cards, etc. ) and from consumer
reports. This information helps us:
-
To
establish and administer your accounts. (Example:
We ask for personally identifying information to protect
your account from fraud)
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To
satisfy certain regulatory requirements. (Example:
When you open an account that pays interest, we are
required by the Internal Revenue Service to obtain your
social security number.)
-
Better
understand you so that we may provide you with
additional or improved products and services.
(Example: We require information concerning your
credit history and your assets to determine if you
qualify for loan approval.)
-
We
do not share the nonpublic personal information of our
current or previous members and nonmember customers with
affiliates or nonaffiliated third parties except as
permitted or required by law.
How is
that information protected?
Access
to your personally identifiable financial information is
limited to employees with a specific business reason for
utilizing this data. Our employees are educated about
the importance of maintaining confidentiality and member
privacy. If necessary, we take appropriate
disciplinary steps to enforce our employees' responsibility
to protect your very personal information.
In
order to prevent unauthorized access to your information, we
maintain security standards and procedures that conform with
industry practices. These security standards and
procedures are routinely tested to verify the integrity of
our systems. New
Alliance FCU Customer Identification Program "CIP
Notice"
The
USA Patriot Act of 2001 requires New Alliance Federal Credit
Union to help the government fight the funding of terrorism
and money laundering activities. In order to do so we
must obtain basic identifying information from you and
verify that information when you open a new account.
This
means New Alliance Federal Credit Union staff will ask you
for some basic information such as your name, address, date
of birth and other information designed to help us identify
you. Our staff may also ask to see documents of
identification, such as a driver's license, passport or some
other government-issued document. We appreciate your
patience and understanding as we all do our part in
complying with the new account identification procedures
required by the federal USA Patriot Act of 2001.
Respectively,
The
Board of Directors and the Staff of New Alliance Federal
Credit Union.
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