It is the policy of Grossmont Schools 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 consumer's 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 unions.
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.
During the course of business we collect non-public personal
information about you from the following sources:
Information we receive from you on applications, e-mails,
and other forms and documents such as your name,
address, e-mail address, birth date, income, social
Information about your transactions with us such as your
credit card usage, your payment history or parties to the
Information we receive from a consumer reporting
agency such as your creditworthiness and credit history;
- 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;
- Information obtained from consumer purchasing and
census data providers, marketing researchers and public
records such as demographic information;
- Information obtained from our sponsoring company(ies)
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.
We may share some or all of the information described above
with non-affiliated third parties under the following conditions:
- 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.
- To companies that perform marketing or other services on
our behalf. We have agreements with these companies that
prohibit them from disclosing or using the information
other than for providing these services.
- To consumer and credit reporting companies;
- To non-affiliated third parties as permitted or required by
- To non-affiliated third parties at the member's consent or
Also, we may enter into agreements with other businesses to
provide support or services to us or for one or more of our
products, such as mailing houses that assist us in delivering
your statements and other promotional materials. Under certain
circumstances we may also enter into joint marketing agreements
with other financial service providers, such as mortgage
bankers, securities broker-dealers, and insurance companies
and agents. Before entering into relationships with such entities,
we require them to agree to safeguard our members' information
and to comply with all applicable privacy laws.
We may also disclose non-public personal information about
you to other non-affiliated third parties not described above as
permitted by law.
Because of the limited way we share information with nonaffiliated
third parties, we are not required to provide you with
the opportunity to opt-out from the disclosure of information to
non-affiliated third parties.
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 contact us at the
address or 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. Grossmont Schools Federal Credit
Union employees will only have access to member information
as "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.
We reserve the right to revise our policy as our business needs
change or as the law requires. If we revise our policies, we will
provide our active members with copies of our new policies at
The credit union recognizes its responsibility to provide an
initial and annual notice of its privacy policies and practices to
each of its members.