At Kappa Alpha Psi Federal Credit Union, keeping personal information private and secure is important. Our Privacy Policy helps you understand how we protect your financial privacy, just as we protect your financial assets. This policy provides the information that you need to make informed choices about the management of your personal financial information.
Information Covered by this Policy
Our Policy applies to all personally identifiable information
(personal information) about you that is obtained by Kappa Alpha Psi Federal Credit Union
in connection with providing you a consumer financial product
or service for personal, family or household purposes. Our
Policy will continue to cover information we may collect about
you during the course of our relationship. If you are no longer
our member, we continue to treat your personal information
in the same way as if you were still a member.
How We Collect Personal Information
We rely on many sources of information to understand and
meet your needs. We collect personal information about you from:
- Your applications for accounts and services with us.
- Your visit to our website when your browser interacts with us.
- Your transactions with us, our affiliate or with non-affiliated third parties.
- Consumer reporting agencies.
- Other sources in connection with providing you a financial product or service.
How We Use Information We Collect
We use the information we collect to:
- Provide you with products and services you requested.
- Service your accounts.
- Offer additional products and services, from us or from others
- Comply with reporting and other legal requirements.
- Otherwise conduct business.
Information Confidentiality and Security
Information security is one of our highest priorities. Our
internal employee Confidentiality Policy, this Privacy Policy,
and the contracts and agreements we sign with external suppliers
and partners emphasize information security. Employees who
violate our privacy policies and procedures are subject to
disciplinary action. Our partners and suppliers are
contractually obligated to uphold our procedures regarding
privacy under the terms of our legal contracts with them. We
safeguard information by regularly assessing security
standards and procedures to protect against unauthorized
access to personal information. We train our employees on
their role in protecting your personal information and we
perform audits to ensure compliance with our Privacy Policy.
We limit access to personal information about you to those employees who need to know that information to provide products and services to you, service your accounts and administer business. We maintain physical, electronic and procedural safeguards that comply with federal regulations to protect your personal information.
Information Sharing within Kappa Alpha Psi Federal Credit Union
Kappa Alpha Psi Federal Credit Union takes an integrated approach to financial services.
We want to provide and make recommendations about a variety
of financial services to you. For this reason, we may share any of
the personal information that we collect about you among
companies within the Kappa Alpha Psi Federal Credit Union family as permitted by law and to
the extent permitted under the Fair Credit Reporting Act.
Information Sharing Outside Kappa Alpha Psi Federal Credit Union
We do not disclose any personal information about our
members and former members to non-affiliated, third party
companies outside the Kappa Alpha Psi Federal Credit Union family except as required or
permitted by law. For example, we may share information with
regulatory authorities and law enforcement officials; provide
information to protect against fraud; report account activity to
credit bureaus; and give account information to check and
statement printers and other service providers who work for us.
We may also share information we have about you with firms
with whom we have joint marketing agreements to provide you
with offers for financial products and services. Kappa Alpha Psi Federal Credit Union may share
transaction experience and history with non-affiliated, third party
companies to the extent permitted under the Fair Credit Reporting
Act and this Policy.
Notices and Changes in Terms
Kappa Alpha Psi Federal Credit Union will provide notice of our Privacy Policy when
you open an account and then annually as long as you maintain
an ongoing relationship with us. We issue a copy of the Privacy
Policy to you annually to comply with credit union
regulations, not because we have made any changes to the
way we collect or use your personal information. We can
change our Privacy Policy by giving you notice as required
by law. The Privacy Policy is for general guidance. It does
not constitute a contract or create legal rights or modify or
amend any agreements the Credit Union has with you. You
may always review our current Privacy Policy on our website
or write us for a copy.
Opting Out
If you do not want us to share information about you with
non-affiliated, third party companies who are selling their own
products and services, you can opt out by contacting Kappa Alpha Psi Federal Credit Union by
telephone or in writing. It will take no more than 30 days to
implement your opt out request from the date you contact us. If
there is more than one owner of an account, an election by one
owner to opt out will be treated as an election by all of you to opt out.
