Financial companies choose how they share Your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires Us to tell You how We collect, share, and protect Your personal information. Please read this notice carefully to understand what We do.
The types of personal information We collect and share depend on the product or service You have with Us. This information can include:
- Social Security number and account balances
- Account transactions and employment information
- Income and overdraft history
All financial companies need to share customers’ personal information to run their everyday business. In the section below, We list the reasons financial companies can share their customers’ personal information; the reasons Department of Labor Federal Credit Union chooses to share; and whether You can limit this sharing.
|Reasons We Can Share Your Personal Information||Does Labor CU Share?||Can You Limit This Sharing?|
|For Our everyday business purposes:|
Such as to process Your transactions, maintain Your account(s), respond to court orders and legal investigations, or report to credit bureaus
|For our marketing purposes:|
To offer Our products and services to You
|For joint marketing with other financial companies||Yes||No|
|For our affiliates' everyday business purposes:|
Information about Your transactions and experiences
|For our affiliates' everyday business purposes: |
Information about Your creditworthiness
|No||We Don't Share|
|For our affiliates to market to you||No||We Don't Share|
|For our affiliates' everyday business purposes ||Yes||Yes|
TO LIMIT OUR SHARING:
- Call Us at (202) 789-2901. Our menu will prompt You through Your choice(s).
- Visit Us online at: www.dolfcu.org – Our menu will prompt You through Your choice(s), or
- Mail form to: DOLFCU, PO BOX 51, Merrifield, VA 22116
PLEASE NOTE: If You are a new member, We can begin sharing Your information 30 days from the date We sent this notice. When You are no longer Our member, We continue to share Your information as described in this notice. However, You can contact Us at any time to limit Our sharing.
WHAT WE DO
HOW DOES DOLFCU PROTECT MY PERSONAL INFORMATION?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safegaurds and secured files and buildings.
HOW DOES DOLFCU COLLECT MY PERSONAL INFORMATION?
We collect Your personal information, for example, when You:
- Open an account or apply for a loan
- Apply for insurance or enter into investment advisory contract
- Apply for financing
We also collect Your personal information from others, such as credit bureaus, affiliates, or other companies.
WHY CAN’T I LIMIT ALL THE SHARING?
Federal law gives You the right to limit only:
Sharing for affiliates’ everyday business purposes – information about Your creditworthiness
Affiliates from using Your information to market to You
Sharing for non-affiliates to market to You
State laws and individual companies may give You additional rights to limit sharing.
WHAT HAPPENS WHEN I LIMIT SHARING FOR AN ACCOUNT I HOLD JOINTLY WITH SOMEONE ELSE?
Your choices will apply to everyone on Your account.
Companies related by common ownership on control. They can be financial and non-financial companies.
rkGoBig, LLC is an affiliate.
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
Non-affiliates We share with include insurance companies.
A formal agreement between non-affiliated financial companies that together market financial products or services to You.
Our joint marketing partners include investment, insurance and other financial service providers.
SCOPE AND OVERVIEW
This policy outlines how Labor Credit Union, its vendors, and/or the licensor of the Labor Credit Union’s consumer verification software processes biometric data collected from you for identity verification and fraud prevention purposes.
BIOMETRIC DATA DEFINED
As used in this policy, biometric data includes “biometric identifiers” and “biometric information”. “Biometric identifier” means a retina or iris scan, fingerprint, voiceprint, or scan of hand or face geometry. As the term is used in this policy, the selfie photograph you upload to the software for use in the biometric algorithm is considered a “biometric identifier.” “Biometric information” means any information, regardless of how it is captured, converted, stored, or shared, based on an individual’s biometric identifier used to identify an individual.
DISCLOSURE AND AUTHORIZATION POLICY
To the extent that Labor Credit Union, its vendors, and/or the licensor of the Labor Credit Union’s consumer verification software collect, capture, or otherwise obtain biometric data relating to a consumer, Labor Credit Union must first:
Inform each consumer that Labor Credit Union, its vendors, and/or the licensor of the Labor Credit Union’s consumer verification software are collecting, capturing, or otherwise obtaining the employee’s biometric data, and that the Labor Credit Union is providing such biometric data to its vendors and the licensor of the Labor Credit Union’s consumer verification software;
Inform the consumer of the specific purpose and length of time for which the consumer’s biometric data is being collected, stored, and used; and
Receive consent by the consumer authorizing Labor Credit Union, its vendors, and/or Labor Credit Union’s consumer verification software to collect, store, and use the consumer’s biometric data for the specific purposes disclosed by the Labor Credit Union, and for Labor Credit Union to provide such biometric data to its vendors and the licensor of the Labor Credit Union’s consumer verification software.
Labor Credit Union, its vendors, and/or the licensor of the Labor Credit Union’s consumer verification software will not sell, lease, trade, or otherwise profit from employees’ biometric data; provided, however, that the Labor Credit Union’s vendors and the licensor of the Labor Credit Union’s consumer verification software may be paid for products or services used by Labor Credit Union that utilize such biometric data.
This policy is intended to comply with all federal, state, and local laws.
PURPOSE FOR THE COLLECTION OF BIOMETRIC DATA
Labor Credit Union, its vendors, and/or the licensor of Labor Credit Union’s consumer verification software collect, store, and use biometric data solely for identity verification and fraud prevention purposes.
Labor Credit Union will not disclose or disseminate any biometric data to anyone other than its vendors and the licensor of the Labor Credit Union’s consumer verification software providing products and services using biometric data without/unless:
- First obtaining consumer consent to such disclosure or dissemination;
- The disclosed data completes a financial transaction requested or authorized by the consumer;
- Disclosure is required by law or ordinance; or
- Disclosure is required pursuant to a valid warrant or subpoena issued by a court of competent jurisdiction.
Labor Credit Union shall use a commercially reasonable standard of care to store, transmit and protect from disclosure any biometric data collected. Such storage, transmission, and protection from disclosure shall be performed in a manner that is the same as or more protective than the manner in which Labor Credit Union stores, transmits and protects from disclosure other confidential and sensitive information, including personal information that can be used to uniquely identify an individual or an individual’s account or property, such as genetic markers, genetic testing information, account numbers, PINs, driver’s license numbers and social security numbers.
Labor Credit Union shall retain consumer biometric data only until, and shall request that its vendors and the licensor of Labor Credit Union’s consumer verification software permanently destroy such data when, the first of the following occurs:
- The initial purpose for collecting or obtaining such biometric data has been satisfied, such as verification of consumer identity;
- Request of consumer to destroy the biometric data; or
- Within 30 days of consumer’s provisioning of biometric data.
If you have any questions about our use, storage, or security of your biometric data you can contact us at: [email protected].
BIOMETRIC INFORMATION CONSUMER CONSENT