Beaver Valley Federal Credit Union is committed to making available financial products and services that will enable you to meet your financial needs and reach your financial goals. Protecting personal information and using it in a manner consistent with your expectations is a high priority for everyone associated with our credit union.

As a member of Beaver Valley FCU, you also have a responsibility to safeguard your financial information.

To ensure that you can rely on the quality of products and services we make available, our credit union stands behind the following privacy policy:

  • Our credit union will collect only the personal information that is necessary to conduct our business. That means just what is necessary to provide competitive financial products and services - no more.
  • Our credit union will protect your personal information. Our credit union will maintain strong security controls to ensure that member information in our files and computers is protected. Where appropriate, we will use security coding techniques to protect against unauthorized access to personal records, ensure accuracy and integrity of communications and transactions, and protect member confidentiality.
  • You will always have access to your information. As a member of our credit union, you will always have the opportunity to review your information and make necessary changes to ensure that our records are accurate.
  • Our credit union will only share information when absolutely necessary. We will only share information to administer the products and services we provide, when required to do so by the federal government, or when we partner with other businesses to offer a broader array of products and services.
  • Our credit union will partner only with businesses that follow strict confidentiality requirements. The businesses we select will offer products designed to enhance our members' economic well being. Under no circumstances will we authorize these firms to charge your account without your express consent, and we will not sell member information to telemarketing firms.
  • Our credit union will offer you a choice in how your information is used. Any member of our credit union may elect to keep their information from being shared with our business partners. We will inform you on how to exercise your choice, and we will take all reasonable steps to make sure your requests are followed. At least once a year, we will remind all members of your right to choose.


NOTICE OF YOUR FINANCIAL PRIVACY RIGHTS

We, our, and us mean Beaver Valley Federal Credit Union.

This is our privacy notice for our members. When we use the words "you" and "your" we mean the following types of members:

  • Our consumer members who have a continuing relationship by purchasing or holding financial products or services such as a(n):
    • Share account
    • Loan account
    • Credit card account 
    • Checking accounts
  • All of our North Dakota commercial and agricultural accounts

We will tell you the sources of the information we collect about you. We will tell you what measures we take to secure that information.

We will tell you what information we share about you with other entities. We will explain what your rights are, and how you can exercise them. If you share your account relationship with someone else, for example where you are a co-borrower or joint holder of a share draft account, we suggest that you share this information with each other to ensure that each of you are aware of our policy and your options.

We first define some terms.

  • Nonpublic personal information means information about you that we collect in connection with providing a financial product or service to you. Nonpublic personal information does not include information that is available from public sources, such as telephone directories or government records.  Hereafter, we will use the term "information" to mean nonpublic personal information as defined in this section.
  • An affiliate is a company we own or control.
  • A nonaffiliated third party is a person we do not employ or a company that is not an affiliate of ours.  This is also known as nonaffiliated third party, or simply, an "other party". 
  • Opt out means a choice you can make to prevent certain sharing of information. We will explain how you can exercise this choice.

THE INFORMATION THAT WE COLLECT

We collect nonpublic personal information about you from the following sources:

  • Information you give us on applications or other forms
  • Information about your transactions with us
  • Information about your transactions with other parties
  • Information from a consumer reporting agency
  • Information we recieve through our Customer Identification Program

THE CONFIDENTIALITY, SECURITY AND INTEGRITY
OF YOUR NONPUBLIC PERSONAL INFORMATION

We restrict access to information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards to protect this information.

YOUR INFORMATION AND OTHER PARTIES

We may disclose information to other parties. Here are the kinds of information we disclose to these other parties:

  • Information you give us on an application or other forms, such as:
    • Name
    • Address
    • Social Security Number
    • Gender
    • Date of birth
    • Phone number
    • Account opening date
  • Information about your transactions with us, such as
    • Types of accounts

You may opt out of the disclosure of the information listed above.

State Limitations:

AL, AK, CA, ID and VT - We will not share this information about members who reside in Alabama, Alaska, California, Idaho, or Vermont.

MA, MS and NJ - We will not share any information derived from share relationships with us about members who reside in Massachusetts, Mississippi, or New Jersey.  If you have a loan account or other member relationship in addition to a share account relationship, and you do not want us to share this information about you, you should opt out using a method described below.

Types of Other Parties
We may disclose information about you to the following types of other parties:

  • Financial service providers, such as
    • Insurance agents

We may also disclose information about you to other parties as permitted by law.

INFORMATION ABOUT FORMER MEMBERS

We do not disclose information about former members, except as permitted by law.

AUTHORIZED SHARING - JOINT MARKETING

We may disclose the following information to other other finanicial institutions with whom we have joint marketing agreements:

  • Information you give us on an application or other forms, such as:
    • Name
    • Address
    • Social Security Number
    • Gender
    • Date of birth
    • Phone number
    • Account opening date
  • Information about your transactions with us, such as
    • Types of accounts

We disclose the information listed above with other financial institutions with whom we have joint marketing agreements.  You do not have a right to opt out of the disclosure of this information.

State Limitations:

AL, AK, CA, ID and VT - We will not share this information about members who reside in Alabama, Alaska, California, Idaho, or Vermont.

MA, MS and NJ - We will not share any information derived from share relationships with us about members who reside in Massachusetts, Mississippi, or New Jersey. 

Types of Businesses
We may disclose information pursuant to joint marketing agreements to the following types of businesses:

  • Financial service providers, such as
    • Credit card company 

YOUR RIGHT TO BLOCK THE DISCLOSURE OF YOUR INFORMATION

Other Parties. If you do not want us to share your information with other parties, you can block the release of certain information. This is known as your right to "opt out."

Your decision to block the disclosure of your information will apply to information collected from all products and services you receive from us.

If you have one or more joint accounts, an opt out instruction given by one participant of such account will affect all of the accounts listed on the "opt out" form.

If you wish to opt out of the disclosures, you may do so by:

  • Check the box on the Opt Out Notice and return it to us at this address:
    Beaver Valley Federal Credit Union
    601 37th Street
    Beaver Falls, Pennsylvania 15010

 

   
 

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