What does LCU Financial Services, LLC 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. Please note that our investment, legal and insurance providers have their own separate privacy disclosures. Please ask those respective representatives for more information about your privacy.
What?
The types of personal information we collect depend on the product or service you have with us. This information can include:
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Social Security number and income;
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Account balances and payment history;
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Credit history and credit scores.
*Credit information is only collected for our mortgage processing services.
How?
All financial companies need to share customers’ personal information to run their everyday business—to process transactions, maintain customer accounts, and report to credit bureaus. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons LCU Financial Services, LLC, chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information
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Does LCU share? |
Can you limit this sharing? |
For our everyday business purposes—
to process your transactions, maintain your account, and report to credit bureaus |
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Yes |
No |
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For our marketing purposes—
to offer our products and services to you |
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Yes |
No |
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For joint marketing with other financial companies |
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Yes |
No |
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For our affiliates’ everyday business purposes—
information about your transactions and experiences |
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Yes |
No |
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For our affiliates’ everyday business purposes—
information about your creditworthiness |
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Yes, for mortgage
processing only |
We share only to
complete requested
applications |
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For our affiliates to market to you |
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No |
We don't share |
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For nonaffiliates to market to you |
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No |
We don't share |
Contact Us
Call 1.317.277.7125
Sharing Practices:
How often does LCU notify me about their practices?
We must notify you about our sharing practices when you open an account and each year while you are a customer or when requested.
How does LCU protect my personal information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law including computer safeguards and secured files and buildings. We
restrict access to nonpublic information about you to those employees who need to know that
information to provide products and services to you.
How does LCU collect my personal information?
We collect your personal information, for example, when you
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 sharing only for
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affiliates everyday business purposes—information about your creditworthiness
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affiliates to market to you directly (ELFCU markets on the behalf of our affiliates.)
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nonaffiliates to market to you
State law and individual companies may give you additional rights to limit sharing.
Definitions:
Everyday business purposes
The actions necessary by financial companies to run their business and manage customer accounts, such as
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processing transactions, mailing, and auditing services
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providing information to credit bureaus
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responding to court orders and legal investigations
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial companies
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies
Joint marketing
A formal agreement between nonaffiliated financial companies that together market financial products or services to you. |
