Privacy Notice

Revised 10/2014

FACTS

WHAT DOES BANK OF LABOR 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 that we collect and share depend on the product or service you have with us. This information can include:

  • Social Security Number and Income
  • Account Balances and Payment History
  • Credit History and Credit Scores

When you are no longer our customer, we continue to share your information as described in this notice.

HOW?

All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons Bank of Labor chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information.

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

For our marketing purposes – 

to offer our products and services to you

For joint marketing with other financial companies

For our affiliates’ everyday business purposes – 

information about your transactions and experiences

For our affiliates’ everyday business purposes –

information about your creditworthiness

For nonaffiliates to market to you

 

Does Bank of Labor share?

For our everyday business purposes 

Yes

For our marketing purposes

Yes

For joint marketing with other financial companies

Yes

For our affiliates’ everyday business purposes

Yes

For our affiliates’ everyday business purposes

No

For nonaffiliates to market to you

No

Can you limit this sharing?

For our everyday business purposes

No

For our marketing purposes

No

For joint marketing with other financial companies

No

For our affiliates’ everyday business purposes

No

For our affiliates’ everyday business purposes

We don’t share

For nonaffiliates to market to you

We don’t share

Who we are

Who is providing this notice?

Bank of Labor

What we do

How does Bank of Labor 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 Bank of Labor collect my personal information?

We collect your personal information, for example, when you.

  • Open an account or Deposit money.
  • Pay your bills or Apply for a loan.
  • Use your credit or debit card.

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

Why can’t I limit this 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.

  • Our affiliate is the International Brotherhood of Boilermakers.

Nonaffiliates

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

  • Bank of Labor does not share with nonaffiliates so they can market to you

Joint Marketing

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

  • Our joint marketing partners include companies that provide marketing services on our behalf and financial services companies.
Other important information

California Consumer Residents

As a California consumer resident – how does Bank of Labor handle my personally identifiable personal information?

Bank of Labor is subject to and complying with comprehensive federal regulations that restrict our collection, use, and disclosure of consumer information. These laws and regulations include the federal Gramm-Leach-Bliley Act, and Consumer Financial Protection Bureau’s Regulation P.  These existing federal regulations require Bank of Labor to disclose to our consumers the types of information we collect, types of sources from which we collect information, and reasons we can use and disclose consumer information. The California Consumer Privacy Act includes language generally exempting financial institutions, such as Bank of Labor, from its provisions. Bank of Labor collects, retains, and uses personal information to provide financial products and services, to maintain accounts, for legal reasons, and to preserve the security of accounts. Bank of Labor is committed to having strong privacy programs that adhere to strict data privacy and security requirements.