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PRIVACY POLICY NOTICE
WEST VIEW SAVINGS BANK
At West View Savings Bank, we recognize, the sensitive
nature of your personal financial information,
and take
every precaution to protect your privacy. Because we value
your business and continued trust,
we firmly believe it is
our obligation to keep your information secure and
confidential. When you entrust
us with your financial
information, you can be certain it will be used only within
our strict guidelines.
We’ve prepared this brochure to explain what types of
information we collect, how we protect and use
it,
and under what circumstances we may share it. We hope you will read
through all the details of
West View Savings Bank’s official
position on privacy. At the very least, we want you to know
that
West View Savings Bank responsibly uses information we
know about you to:
- Provide you with the products and services you have
requested
- Offer you other bank products and services
This Privacy Policy Notice takes precedence over any privacy
policies we have previously disclosed to you.
CATEGORIES OF NONPUBLIC PERSONAL INFORMATION THE BANK
COLLECTS
“Nonpublic personal information” is nonpublic information
about you that we obtain in connection with providing a
financial product or service to you. Some examples of
nonpublic personal information is information regarding your
loan balances, payment history, account balances and
overdraft history.
We collect nonpublic personal information about you from the
following sources:
- Information we receive from you on applications for our
products and services and on other forms you provide to us
- Information we receive from processing accounts with us
and the transactions in those accounts, such as deposit
accounts and loans, as well as information that we receive
from providing services to you, such as funds transfer
services
- Information we receive from a consumer reporting agency
(commonly known as a credit bureau), such as your
creditworthiness and credit history
- Information we receive in response to requests we make
about you, to third parties like real estate appraisers and
employers, or to confirm information that you have provided
to us, particularly in the process of evaluating
applications for loans
CONFIDENTIALITY AND SECURITY OF YOUR NONPUBLIC PERSONAL
INFORMATION
We restrict access to your nonpublic information to
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 protect your nonpublic personal
information.
CATEGORIES OF NONPUBLIC PERSONAL INFORMATION THE BANK
DISCLOSES
We may disclose the following kinds of nonpublic personal
information about you, including:
- We may disclose information we receive from you on an
application such as your assets, liabilities, income and
employment history, for example, in order to verify the
accuracy of the information that you have provided us or to
determine whether a loan you have applied for is saleable in
the secondary market
- We may disclose information we receive from you on an
application such as existing loan balances to be paid from
our loan proceeds, for example, to persons who are to be
involved in the closing of the loan, such as attorneys and
title companies
- We may disclose information we receive from processing
transactions and services on your accounts with us, such as
balance information, for example, to the operator of the
interchange that processes our ATM and debit card
transactions, or in response to a merchant to whom you are
giving a check in payment of articles you have purchased
- We may disclose information we receive from a consumer
reporting agency (credit bureau), such as your
creditworthiness and credit history
- We may also disclose information we have about you to
governmental entities, for example, in response to subpoenas
- We may disclose information we have about
you, such as
your name, address, account balances, assets, income, and
social security number to companies or other financial
institutions that perform marketing services on our behalf
for your benefit. For example, West View Savings Bank credit
cards or credit life insurance, or other products and
services that may interest you
CATEGORIES OF NONAFFILIATED THIRD PARTIES THE BANK DISCLOSES
TO
We may disclose all of the information we collect, as
described above, to companies that perform marketing
services on our behalf or to other financial institutions
with whom we have joint marketing agreements.
The nonaffiliated third parties we have contracted with
regarding this are:
- Credit card companies used for providing West View Savings
credit cards to a customer
- Credit Life and Accident Health insurance companies used
for providing insurance to West View Savings loan customers
We may also disclose nonpublic personal information about
you to nonaffiliated third parties as permitted by law.
OTHER IMPORTANT INFORMATION
Closing your account with us. If you decide to close your account(s) or become an inactive customer, we will follow
the privacy policies and practices described in this Notice
until your nonpublic personal information has been purged
from our files.
Contracting with Third Parties. We may contract with other
entities to perform specific support services such as, but
not limited to, data processing, that may require us to
provide them access to our customer information. When doing
so, we require such third party service providers to
contractually agree to adhere to our security and privacy
guidelines.
Notice not a Contract. These Privacy Disclosures do not
create a contract. From time, to time, we may amend or
change the terms of this Notice. In that event, we will
provide you with a revised privacy notice.
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