FedChoice Privacy Policy

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FACTS WHAT DOES FEDCHOICE 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 we collect and share depend on the product or service you have with us. This information can include:

  • Social Security number and account balances
  • checking account information and credit history
  • employment information and payment history
How? All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members’ personal information; the reasons FedChoice Federal Credit Union chooses to share; and whether you can limit this sharing.

 

Reasons we can share your
personal information
Does FedChoice 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 to report to credit bureaus Yes No
For our marketing purposes to offer our products and services to you Yes No
For joint marketing with other financial companies Yes Yes
For our affiliates’ everyday business purposes information about your transactions and experiences No We don't share
For our affiliates’ everyday business purposes information about your creditworthiness No We don't share
For nonaffiliates to market to you No We don't share

 

To limit our sharing
  • Call 301.699.6151 or email or online chat
  • Visit us online: fedchoice.org

Please note: If you are anew member, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our member, we continue to share your information as described in this notice. However, you can contact us at any time to limit our sharing

 

Questions?  Call 301.699.6151 or go to fedchoice.org.

 

What We Do  
How does FedChoice Federal Credit Union protect my personal 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 FedChoice Federal Credit Union collect my personal information?

We collect your personal information, for example, when you

  • open an account or show your government-issued ID
  • apply for financing or give us your contact information
  • give us your wage statements

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. 
What happens when I limit sharing for an account I hold jointly with someone else? Your choices will apply to everyone on your account – unless you tell us otherwise.

 

Definitions  
Affiliates Companies related by common ownership or control. They can be financial and non-financial companies.
  •  FedChoice Federal Credit Union has no affiliates.
Nonaffiliates Companies related by common ownership or control. They can be financial and non-financial companies.
  •  FedChoice Federal Credit Union does not share with our 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.
  •  Our joint marketing partners include advertising/marketing agencies and insurance companies.

 

Other Important Information
 

 

For FedChoice Federal Credit Union App Users

The Controls & Alerts App periodically collects, transmits, and uses geolocation information to enable features that prevent fraudulent card use and send alerts, but only if the End User expressly authorizes collection of such information. Geolocation information can be monitored on a continuous basis in the background only while the Solution is being used or not at all, depending on the End User’s selection. End Users can change their location permissions at any time in their device settings.

Rev 3/16