Financial Privacy Policy

Notice of Your Financial Privacy Rights

"We," "our" and "us" mean Hermantown 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:

• All of our consumer members who have a continuing relationship with us, such as:
  • Deposit Account
  • Loan Account
  • Credit Card
  • Safe Deposit Box
  • Automobile lease we service
  • Retail installment contract we hold and service
  • Self-directed Individual Retirement Account where we act as custodian or trustee
  • Financial, investment, or economic advisory services (for a fee)

We will tell you the sources for nonpublic personal information we collect on our members. We will tell you what measures we take to secure that information.

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.

An Affiliate is a company we own or control.

A nonaffiliated third party is a company that is not an affiliate of ours.

The Information That We Collect
We collect nonpublic personal information about you from the following sources:

• Information we receive from you on applications or other forms
• Information about your transactions with us
• Information about your transactions with our affiliates
• Information about your transactions with nonaffiliated third parties
• Information from a consumer reporting agency

The Confidentiality, Security and Integrity of Your Nonpublic Personal Information
We restrict access to nonpublic personal 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 that comply with federal regulations to guard your nonpublic personal information.

Nonpublic Personal Information and Affiliates
We may disclose nonpublic personal information about you. Here are the kinds of nonpublic personal information we may disclose to our affiliates.

• Transaction and experience information from our account records:
  • Information about your transactions and experience with us, such as
    • Name
    • Address
    • Account Balances
    • Account Activity
    • Types of Accounts
    • Credit Card Usage
    • Payment History
    • Deposit History
    • Parties to the Transaction

Federal law allows us to disclose the information listed above with our affiliates. You do not have a right to opt out of the disclosure of this information.

Types of Affiliates
We may disclose nonpublic personal information about you to the following types of affiliates:

• Financial service providers, such as
  • Mortgage Bankers
  • Securities Broker-Dealers
  • Insurance Agents
  • Wholly-Owned Subsidiaries

Nonpublic Personal Information and Former Members
We do not disclose nonpublic personal information about former members, except as permitted by law.