PRIVACY NOTICE FOR EDUCATIONAL FEDERAL CREDIT UNION
FACTS
WHAT DOES EDUCATIONAL FEDERAL CREDIT UNION, DBA EDFED, 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 Account Balances
• Transaction History and Payment History
• Assets and Credit History
When you are no longer our member, we continue to share your information as described
in this notice.
How?
All financial companies need to share members’/customers' personal information to run
their everyday business. In the section below, we list the reasons financial companies can
share their members’/customers’ personal information; the reasons Educational Federal
Credit Union chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information Does Ed Fed 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 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
No
We don’t share
For our affiliates’ everyday business purposes—
information about your creditworthiness
No
We don’t share
For nonaffiliates to market to you
No
We don’t share
Questions?
Call Educational Federal Credit Union at 855-2EDFED8 or go to www.edfed.org.
What we do
How does Educational Federal
Credit Union 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 Educational Federal
Credit Union collect my
personal information?
We collect your personal information, for example, when you
• open an account or show your government-issued ID
• apply for a loan or give us your income information
• make deposits or withdrawals from your account
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 laws and individual companies may give you additional
rights to limit sharing.
Definitions
Affiliates
Companies related by common ownership or control. They can be
financial and nonfinancial companies.
• Educational Federal Credit Union has no affiliates.
Nonaffiliates
Companies not related by common ownership or control. They can
be financial and nonfinancial companies.
• Educational Federal Credit Union does not share with
nonaffiliates so they can market to you.
Joint marketing
A formal agreement between nonaffiliated financial companies to
market financial products or services to you.
• Our joint marketing partners include Credit Card Companies, Digital
and Marketing Services Companies, and Insurance Companies