Consumer Privacy Notice

For consumers as defined in the Gramm-Leach-Bliley Act for credit unions, the Privacy Notice provides important information about how we use and share such information.

Rev. 9/14

FACTS

WHAT DOES SOUTH CAROLINA FEDERAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION?

Why?

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.

What?

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 credit card or other debt
  • credit history and employment information
  • payment history and transaction or loss history

How?

All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members’ personal information; the reasons South Carolina Federal chooses to share; and whether you can limit this sharing.


Reasons we can share your personal information

Does South Carolina Federal 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 to report to credit bureaus

Yes No

For our marketing purposes – to offer our products and services to you

Yes No

For joint marketing with other financial companies

Yes No

For our affiliates’ everyday business purposes – information about your transactions and experiences

Yes No

For our affiliates’ everyday business purposes – information about your creditworthiness

No We don't share

For our affiliates to market to you

Yes Yes

For our nonaffiliates to market to you

No We don't share

To limit our sharing

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.


Questions?


What we do

How does South Carolina Federal 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 safeguards and secured files and buildings.

How does South Carolina Federal collect my personal information?

We collect your personal information, for example, when you

  • open an account or apply for a loan
  • show your government-issued ID or give us your employment information
  • give us your wage statements

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit all 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 nonaffiliates to market to you

State law 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.


Definitions

Affiliates

Companies related by common ownership or control. They can be financial and nonfinancial companies.

  • Our affiliates include financial companies, such as South Carolina Financial Solutions, LLC, also DBA South Carolina Federal Insurance Solutions

Nonaffiliates

Companies not related by common ownership or control. They can be financial and nonfinancial companies.

  • South Carolina Federal does not share with our nonaffiliates so they can market to you

    Joint Marketing

    A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

    • We team with insurance companies and financial advisors for joint marketing efforts.