Michigan Educational Credit Union
A Private Note to Our Members:
Michigan Educational Credit Union
is owned by its members and run by a board of directors elected
by its members. We want you to know that the privacy and
confidentiality of your personal information is a top priority.
We are required by law to provide you with this notice to inform
and explain to you how we collect, use and safeguard your
personal financial information. If you have any questions about
this disclosure or what it says, please contact a member service
representative.
Information We Collect About
You:
From membership and other
applications for products and services we obtain information
such as but not limited to your name, address, social security
number, employer, income and account information at other
financial institutions.
From transactions with us and
other companies we work with to provide you with products and
services, we obtain information such as account balances,
payment histories, parties to transactions, and credit card
usage.
From consumer reporting agencies
we obtain information related to your creditworthiness.
Information About You We
Share:
We disclose information we
collect about you under certain circumstances and as permitted
or required by law. The disclosure of this information
typically includes processing transactions on your behalf, as
you authorize to provide you with a product or service, to
conduct the operations of this credit union, and to protect the
security of our financial records.
In order to provide you with
certain products and services we sometimes disclose your
information with other organizations. In some cases we enter
into agreements with third parties to provide these products and
services to you on our behalf or to jointly market products and
services. For example, as a benefit of membership we make
insurance products available to you at discounted premiums. In
order to do this, we provide information such as your name and
address to the insurance company that offer its products to
you. To protect your privacy, we only do business with
companies that agree in writing to maintain strong
confidentiality protections. We restrict these companies to
using your information only for the reason we have given them,
and for no other purpose.
In the even that you terminate
your membership, we will not share any of your information we
collected about you, except as permitted or authorized by law.
How We Protect Your
Information:
Under no circumstances do we
provide any information we collect about you to telemarketers or
other third parties that do not act on your behalf as a member
of this credit union. We maintain the confidentiality of the
personal financial information we obtain from users of our ATMs.
We restrict access to nonpublic
personal information about you to only those employees who have
a specific business purpose for accessing and utilizing this
information. Our employees are trained in the importance of
maintaining confidentiality and member privacy. We maintain
physical, electronic and procedural safeguards as a part of a
comprehensive risk management system that complies with federal
regulations to protect against anticipated threats or hazards to
the security of your information and to protect against
unauthorized access and use of that information.
