Privacy Policy

NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS 

                                                                                                                                                      Rev. 10/2010

FACTS

WHAT DOES G E M FEDERAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION?

 

 

Why?

 
Financial companies choose how they share your personal information.  Federal law gives consumers the right to limit some but not all sharing.  Federal law also requires us to tell you how we collect, share and protect your personal information.  Please read this notice carefully to understand what we do.
 

 

What?

 

 The types of personal information that we collect and share depend on the product or service you have with us.  This information can include:

 When you are no longer our member, we continue to share your information as described in this notice.

 

How?

 
All financial companies need to share member's personal information to run their everyday business.  In the section below, we list the reasons financial companies can share their member's personal information; the reasons G E M Federal Credit Union chooses to share; and whether you can limit this sharing.
 

Reasons we can share your personal information

Does G E M Federal Credit Union share?

Can you limit this sharing?

For our everyday business purposes –

Such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus

Yes

No

For our marketing purposes-

to offer our products and services to you

No

We don’t share

For joint marketing with other financial companies

No

We don’t share

For our affiliates’ everyday business purposes –

Information about your transactions and experiences

No

We don’t share

For non-affiliates to market to you

No

We don’t share

 

What we do

How does GEM Federal Credit Union protect my information?

 
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law.  These measures include computer safeguards and secured files and buildings.
 

How Does GEM Federal Credit Union collect my personal information?

 
We collect your personal information, for example, when you
 

  • Open an account or deposit money
  • Apply for a loan or use your credit or debit card
  • Make deposits or withdrawals from your account

 

 
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies. 
 

Why can’t I limit all sharing?


 Federal law gives you the right to limit only

·         Sharing for affiliates’ everyday business purposes – information about your creditworthiness
·         Affiliates from using your information to market to you
·         Sharing for nonaffiliates to market to you

State laws and individual companies may give you additional rights to limit sharing.
 

Definitions

Affiliates

 
Companies related by common ownership or control.  They can be financial and nonfinancial companies

·         G E M Federal Credit Union has no affiliates
 

Nonaffiliates

 
Companies not related by common ownership or control.  They can be financial and nonfinancial companies.

·         G E M Federal Credit Union does not share with nonaffiliates so they can market to you
 

Joint Marketing


A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

           G E M Federal Credit Union doesn’t jointly market