Notices

~ USA Patriot Act

Important Information About Procedures For Opening A New Account To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

What This Means For You

WE ID! When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We will also ask to see your driver's license or other identifying documents. This information will be checked against the latest SDN listing provided by the government through CHEXSYSTEMS for verification of possible terrorist affiliation. A match will be reported and the account will either be denied or frozen until further notice.

We ask for your support as we are working to support efforts to maintain the security of the Credit Union and the country.

Privacy Disclosure

It is the policy of MWD Federal Credit Union to recognize and respect each member’s Privacy and their expectation of privacy regarding their financial information with this Credit Union. We understand consumers’ concern on how their information is collected, used and distributed. This policy is to address those concerns and solicit their continuing trust and confidence in us. This policy is also complying with the Gramm-Leach- Bliley Act (Act) as required by all federally insured Credit Union.

One of the main concerns is the use of non-public personal information once it has been collected and the original transaction completed. Our Credit Union uses the information only to the extent necessary to carry out our daily business activities and to provide services and other opportunities to our members. We do not have any affiliates. We acquire and keep only that information that we have a reasonable use for or may support current or planned activities. We collect non-public personal information about you from the following sources:

1. Information we receive from you on applications, e-mail, and other forms and documents such as your name, address, e-mail address, birth date, income, social security number;
   
2. Information about your transaction with us such as your credit card usage, your payment history or parties to the transaction;
   
3. Information we receive from a consumer reporting agency such as your credit worthiness and credit history;
   
4. Information obtained when verifying the information you provide on an application or other forms (this may be obtained from your current or past employers, or from other institutions where you conduct financial transactions) such as your payment history, information concerning your transactions and income;
   
5. Information obtained from consumer purchasing and census data providers, marketing researchers and public records such as demographic information; and
   
6. Information obtained from our sponsoring company about potential members such as your name, address, and social security number.

If you decide to terminate your membership or become an inactive member, we will not share information we have collected about you, except as may be permitted or required by law.

1. As necessary to help complete a transaction. This would include sharing information with companies that assist us in administering and bringing you our products and services such as check and statement printing companies and data processing companies. The information shared typically includes information to process transactions on your behalf, conduct our operations; follow your instructions as you authorize or protect the security of our financial records.
2. To companies that perform marketing or other services on our behalf. We have agreements with these companies that prohibit them form disclosing or using the information other than for providing these services.
3. To consumer and credit reporting companies;
4. To non-affiliated third parties as permitted or required by law;
5. To non-affiliated third parties at the member’s consent or request.

Keeping your information accurate and up-to-date is very important. If you ever find out that your information is incomplete, inaccurate, or not current, please call or write us at the telephone number shown on your statement. We will correct your information and maintain it in a complete and accurate manner. Personal information will not be improperly altered or destroyed. Security standards and procedures are in place to both maintain the records and prevent unauthorized disclosure of information. MWDFCU employees will only have access to member information as needed for particular business transaction on a “need-to-know” basis. Our Credit Union trains and educates our employees on the importance of maintaining member privacy and trust and does periodic monitoring and training to ensure their compliance.

The Credit Union recognizes its responsibility to provide an initial and annual notice of its privacy policies and practices to each of its members.

~ Fair Credit Reporting ACT (FCRA)

Under the FCRA, information is shared through credit reporting agencies for the purpose of direct marketing. If you would like to be removed from this list, you may contact Experian directly at 1-888-567-8688 or write to Equifax Options, P.O. Box 740123, Atlanta, Georgia 30374-0123. Include your full name, social security number, date of birth and mailing address. It is the credit union's practice to share Transactional Experience Information to administer your accounts and to provide you with enhanced products and services and other opportunities, to the extent permitted by law and by our policies. Examples of Transaction/Experience Information include your account balances and your credit history with us.

~ How we protect your information

MWDFCU restricts access to nonpublic personal information about you to those employees who need to know that information in order to provide products or services to you. We also maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

~ What you can do to help

• Protect your account numbers, VISA/DEBIT card numbers and PIN (personal identification numbers).
• Beware of phone solicitations to verify information. MWDFCU does not initiate inquiries regarding account numbers or social security numbers. We already have this information on file.
• Keep MWDFCU posted of your current address and phone number. If we detect potentially fraudulent activity on your account, we will attempt to contact you for verification.