IBEW Local 146 Credit Union is owned by its members, and run by a board of directors elected by you. You can be confident that your financial privacy is a top priority of this credit union. We are required by law to provide this notice to you and explain how we collect, use, and safeguard your personal financial information. If you have any questions, please contact the credit union at 217-877-6521.
We are committed to providing you with competitive products and services to meet your financial needs which necessitates that we share information about you to complete your transactions. In order to do so, we have entered into agreements with other companies that provide services to the credit union or additional financial products for your consideration. Under these agreements, we may disclose part or all of the information we collect to institutions that we have contractual joint marketing agreements. These institutions agree to maintain strong confidential protections and limit the use of information we provide. We do not permit these companies to sell to other third parties the information we provide to them.
Information We Collect and Disclose About You
We collect the following nonpublic personal information about you from a variety of sources.
- From membership and loan applications and other forms we obtain information such as name, address, and phone numbers.
- From your transactions with us, or other companies that work closely with us to provide you with financial products and services, we obtain information such as your account balances, payment history, parties to transactions, and credit card usage.
- From consumer reporting agencies, we obtain information such as your creditworthiness and credit history.
- From verifications of information you provide on applications and other forms, we obtain information from current or past employers, other financial institutions, and other sources listed on the applications.
We may also disclose information we collect about you under other circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf conduct the operations of our credit union, and follow your instructions authorized by you, or to protect the security of our financial records.
If you decide to terminate your membership or become an inactive member, we will adhere to the privacy policy and practices as described in this notice.
How We Protect Your Information:
We restrict access to nonpublic personal information about you to those employees\ officers who have a specific business purpose in utilizing your data. Our employees are trained in the importance of maintaining confidentiality and member privacy. We maintain physical, electronic, and procedural safeguards that comply with Federal Regulations and lending industry practices to safeguard your nonpublic personal information.