Privacy Policy
REV-8.2024
What Does Midcoast 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 income
- Account balances and payment history
- Credit history and credit scores
When you are no longer a Midcoast FCU Member, we continue to share your information as described in this notice.
How?
All financial companies need to share customers’ 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 Midcoast Federal Credit Union chooses to share; and whether you can limit this sharing.
Reasons We Can Share Information
| Reasons we can share your personal information | Does Midcoast 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 | Yes | No |
| For joint marketing with other financial companies | Yes | No |
| 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 our affiliates to market to you | No | We don’t share |
| For our non-affiliates to market to you | No | We don’t share |
Questions?
Call 877.964.3262
Who We Are
Who is providing this notice?
Midcoast Federal Credit Union
What We Do
| What we do | |
|---|---|
| How does Midcoast 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. We restrict access to nonpublic personal information about you to persons who need to know that personal information to provide products and services to you. |
| How does Midcoast Federal Credit Union collect my personal information? | We collect your personal information, for example, when you: 1. Open an account or deposit money 2. Pay your bills or apply for a loan 3. Use your credit or debit card 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: 1. Sharing for affiliates’ everyday business purposes – information about your creditworthiness 2. Affiliates from using your information to market to you 3. Sharing for non-affiliates to market to you |
Definitions
| Definitions | |
|---|---|
| Affiliates | Companies related by common ownership or control. They can be financial and non-financial companies. Midcoast Federal Credit Union has no affiliates. |
| Non-affiliates | Companies not related by common ownership or control. They can be financial and non-financial companies. Midcoast Federal Credit Union does not share with non-affiliates 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 financial service providers such as insurance companies and investment companies. |