Privacy/Security/Disclosures
Privacy Policy
A Private Note to Our Members:
Our Credit Union is committed to making available financial products and services that will enable you to meet 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 our credit union, you also have a responsibility to safeguard your information. To ensure that you can rely upon 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 our members and former members personal information. Our credit union will maintain strong security controls to ensure that member or former members 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 or a former of our credit union, you as will always have the opportunity to review your information and make necessary changes to ensure that our records are complete and accurate.
- We do not disclose any nonpublic personal information about our members and former members to anyone, except as permitted by law.
We may disclose the following information to companies that perform marketing services on our behalf or to financial institutions with whom we have joint marketing agreements:
• Information we receive from you on applications or other forms, such as your name, address, social security number, asset, and income;
• Information about your transactions with us, our affiliates, or others, such as your account balances, payment history, parties to transactions, and credit card usage;
• Information we received from a consumer reporting agency, such as your creditworthiness and credit history.
- When visiting this website, information about your browser type, operating system, IP address, and the domain from which you came are collected. Except for what you submit to us, we do not collect any personally identifiable information. Any personally identifiable information that you give us will only be used to respond to you and will not be retained. Any information that we do collect is only used in aggregate to determine whether improvements can be made in our service. The information is not permanently stored.
- Any information that we collect is stored using a cookie that is placed on your computer. We do NOT use this cookie to collect or store personally identifiable information about you. However, the cookie is used to track information about how you interact with our website. It also allows our website to be customized to meet your interests.
- The credit union does not collect information from children under the age of 13; nor does it have any interest in any information collected on any linked site.
Security Statement
Our Credit Union is constantly concerned about our member’s critical information and privacy. With this in mind, we have the following security services installed on our Internet server:
- Each server is behind a Firewall. This UNIX based hardware product blocks critical ports and IP addresses on servers from external attack and access.
- Each server runs proprietary software that constantly monitors the servers for unauthorized use and attempts to "hack" into information. Administrators are contact when forced attacks are committed, and countermeasures can be applied to stop these instances.
- All administrative activity requires user login and authentication. All administrative updates are logged into files that can be reviewed later.
- All servers come with a Global Verisign Certificate (RSA) for digitally encrypted communications between the Web server and your member. Information passed in applications cannot be decrypted by third parties attempting to "pick" information being passed across the Internet backbone.
- All servers run the latest version of Apache Web Server, considered the strongest and most secure Web server software on the market.
Disclosures
Home Equity Disclosure
When applying for a Home Equity loan you must retain a copy of the preliminary disclosure to understand your rights and our policies.
- Due to rates being subject to change the application must be submitted prior to the rates change to obtain the rate before the change.
- No fees
- Minimum loan amount $5000.00
- Maximum loan amount$50,000.00
- You as a member should consult a tax advisor, if you need any information on the deductibility of interest and charges on our Home Equity Plan.
- The maximum term of payments may not exceed 180 payments.
- If the last payment is more than the last scheduled payment this will result to a balloon payment to pay the loan off as scheduled.
- Shoreline Federal Credit Union will receive a security interest in borrowers dwelling.
- Retain preliminary disclosures before applying.
- Fees may be refunded if rates change and process isn't completed.
