Champaign county Schools Employees’ Credit Union Privacy Disclosure

The Directors, Management and Staff of the Champaign County Schools Employees’ Credit Union are concerned about and respect the privacy of our member’s personal financial information. We understand that our members furnish sensitive information to the Credit Union in the course of daily business, and the Credit Union is committed to treating such information responsibly. We will take all necessary steps to safeguard information that has been entrusted by our members. The following Privacy Disclosure outlines practices regarding Personal financial information for members and others
With which we establish a member relationship.

We collect nonpublic personal information about you from the following sources:
Information we receive from you on applications or other forms;
Information about your transactions with us, our affiliates, or others; and
Information we receive from a consumer reporting agency.

We restrict the access to nonpublic personal information about you to those employees and officials who need to know to provide products and services to you. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.

We do not disclose any nonpublic personal information about you to anyone, except as permitted by law.

We may disclose all of the information we collect as described above to companies that perform marketing service on our behalf or to other financial institutions with whom we have joint marketing agreements.

If you decide to terminate your membership or become an inactive member we will adhere to the privacy policies and practices as described in the notice.

Patriot Act

The USA Patriot Act requires credit unions to take extra security precautions to help the government fight the funding of terrorism and money laundering activities.

Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. These new procedures are designed to prevent crimes, such as identity theft and account fraud that terrorists commit to finance their operations.

Your Understanding and Cooperation Are Appreciated

When an account is opened or changed, you will be asked for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying government issued documents.
The definition of an account covers a broad range of regular financial transactions such as deposit, transaction, asset, or credit accounts - or other extension of credit. The required verification may be a temporary inconvenience for some, but a strong deterrent for terrorists and other criminals.

You can rest assured that we will only request the information required by the law and that we will use the information only for purposes complying with the law. Your privacy is our top concern, and we will respect and protect it as always, consistent with the law's requirements. You can find additional information regarding the USA Patriot Act by going to our links page and looking under the Patriot Act.