Privacy Policy

Purpose

The protection of our members’ privacy and the safekeeping of confidential information is of utmost concern to the Credit Union. It is the Credit Union’s intent to comply with all applicable laws and regulations concerning the treatment of both member and non-member information, and educate our members as to their privacy rights under law. This policy outlines the purposes for which member information will be collected and released outside of the Credit Union.

Information Collected

The Credit Union will only collect that information necessary to establish an on-going relationship with members and joint account holders. Information on an individual member may be collected from a variety of sources, including the member’s signature card, loan application, and credit bureaus. The Credit Union will take reasonable precautions to protect the accuracy and reliability of member information.

Information Shared with Affiliates and Third Parties

The Credit Union will not sell nonpublic personal information on its members to any third party. The Credit Union may disclose nonpublic personal information about an individual member or members with member consent, in order to effect a transaction, to protect the Credit Union’s interests, or for other purposes permitted by law and regulation. (See attachment for a complete list of third party relationships and the purpose for which information will be released.)

Third Party Privacy Standards

The Credit Union will only disclose nonpublic personal information about its members to affiliates and third parties who demonstrate a consistent commitment to the protection of the confidentiality of member information, and who have adopted privacy policies comparable to those adopted by the Credit Union.

Patriot Act

In accordance with Section 326 of the USA Patriot Act of 2001, which requires the Grange Mutual Employees Credit Union to help the government fight the funding of terrorism and money laundering activities, Grange Mutual Employees Credit Union is required to obtain basic identifying information from you and verify that information when you open a new account.

This means the Grange Mutual Employees 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. Grange Mutual Employees Credit Union staff will also ask to see documents identifying you, such as social security card, driver’s license, passport, and /or some other government-issued document.

In some cases, identification will be requested for those individuals conducting business with Grange Mutual Employees Credit Union prior to the effective date of the member identification requirements. This is because original documentation was not obtained with the opening of the account or Grange Mutual Employees Credit Union is unable to form a reasonable belief that it knows the true identity of the existing account holder.

In all cases, protection of our member’s identity and confidentiality is the Credit Union’s pledge to you. Grange Mutual Employees Credit Union appreciates 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.

Security and Confidentiality

As part of the Credit Union’s Commitment to protect the confidentiality of member account information, the Credit Union will establish procedures for periodically training staff on the importance of member privacy and the Credit Union’s privacy policy. Staff will only be permitted to access member account information when necessary for business reasons. Finally, the Credit Union will establish appropriate security standards to protect against unauthorized access to member information.

Availability of Policy

The Credit Union will make this policy available to any consumer requesting it. The policy will also be posted on the Grange Intranet.

Affiliates and / or Third Parties

CUC / Credit Union Consultants
Credit union data processor

Corporate One Federal Credit Union
Share Draft Processor - Wire Transfers - MAC Transactions, etc.

Equifax Information Services
Credit reporting agency

TransUnion
Credit reporting agency

CUNA Mutual Society
Bond carriers, loan protection (member pay)

Minnesota Mutual
Loan and permanent disability protection

Liberty Check Printer
Printer member share drafts

Collection Agency
Collectors of uncollected loans

State & Federal Examiners
Examine the credit union member and staff accounts