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 All financial institutions are now required to provide annual privacy disclosures to their customers. The following details our privacy policies and your rights under this regulation, using the model established by the American Bankers Association as our guide.
Protecting your privacy is important to McFarland State Bank. We want you to understand what information we collect and how we use it. In order to provide our customers with a broad range of financial products and services as effectively and conveniently as possible, we use technology to manage and maintain information.
What Information We Collect
We may collect "nonpublic personal information" about you from the following sources:
- Information we receive from you on applications or other loan and account forms;
- Information about your transactions with us, our affiliates, or others; and
- Information we receive from third parties such as credit bureaus.
"Nonpublic personal information" is non public information about you that we obtain in connection with providing a financial product or service to you. For example, nonpublic personal information includes information regarding your account balance, payment history, and overdraft history.
What Information We Disclose
A. We may disclose the following kinds of nonpublic personal information about you:
- Information we receive from you on application or other loan and account forms, such as your name, address, assets, and income;
- Information about your transactions with us, our affiliates or others, such as your account balance, payment history, parties to transactions, and credit card usage; and
- Information we receive from credit bureaus, such as your creditworthiness and your payment history.
B. We may disclose the following kinds of nonpublic personal information about you to the following types of "affiliates" (ie., companies related to us by common control or ownership) and "nonaffiliated third parties" (ie., third parties that are not members of our corporate family).
- Financial service providers, such as mortgage bankers, securities brokers-dealers, and insurance agents;
- Non-financial companies, such as retailers, direct marketers, airlines, and publishers; and
- Others, such as non-profit organizations.
If you prefer that we not disclose nonpublic personal information about you to such nonaffiliated third parties ( with respect to this loan or account), you may opt out of those disclosures, that is, you may direct us not to make those disclosures (other than disclosures permitted by law). If you wish to opt out of disclosures to nonaffiliated third parties, you may call the following toll-free number: 1-866-826-2265. Please leave a message that includes your wish to opt out of privacy disclosures, your name, and address.
C. In addition, we may disclose the following information to companies that perform marketing services on our behalf or to other financial institutions with which we have joint marketing arrangements:
- Information we receive from you on applications or other forms, such as your name, address, assets, and income;
- Information about transactions with us, our affiliates or others, such as your account balance, payment history, parties to transactions, and credit card usage; and
- Information we receive from credit bureaus, such as your creditworthiness and your payment history.
D. We also are permitted under law to share information about our experiences or transactions with you or your account (such as your account balance and your payment history with us) with our affiliates. We also may share additional information about you or your account (such as information we receive from you in applications and information from credit reporting agencies) with our affiliates. You may direct us not to disclose to our affiliates information that does not relate solely to our or our affiliates experiences or transactions with you or your account (such as the application information and credit bureau information) by calling us at 1-866-826-2265. Please leave a message that indicates your desire for us not to share additional information with our affiliates, your name and address.
E. We also are permitted under law to disclose nonpublic personal information about you to "nonaffiliated third parties" in certain other transactions. For example, we may disclose nonpublic personal information about you, to third parties to assist us in servicing your loan or account with us, to government entities in response to subpoenas, and to credit bureaus.
F. If you decide to close your account(s) or become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.
If you have a joint account, an opt out direction by either party will apply to the entire account.
Our Security Procedures
We also take steps to safeguard customer information. We restrict access to your personal and account information 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 standards to guard your nonpublic personal information.
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