The protection of our member’s privacy and the safe keeping of confidential information is of utmost concern to the Credit Union. It is the Credit Union’s intent to comply with all applicable laws and regulations concerning the treatment of both member and non-member information, and educate our member as to their privacy right under law. This policy outlines the purposes for which member information will be collected and released outside of the Credit Union.

Information Collected

The Credit Union will only collect that information necessary to establish an on-going relationship with members and joint account holders. Information on an individual member may be collected from a variety of sources, including the member’s signature card, loan application, and credit bureaus. Furthermore, the Credit Union will take reasonable precautions to protect the accuracy and reliability of member information.

Information Shared with Affiliates & Third Parties

The Credit Union will not sell nonpublic personal information on its members to any third party. The Credit Union may disclose nonpublic personal
information about an individual member or members, in order to effect a transaction, to protect the Credit Union’s interests, or for other purposes permitted by law and regulation.

Third Party Privacy Standards

The Credit Union will only disclose nonpublic personal information about its members to affiliates and third parties who demonstrate a consistent commitment to the protection of the confidentiality of member information, and who have adopted privacy policies comparable to those adopted by the Credit Union.

Security & Confidentiality

As part of the Credit Union’s commitment to protect the confidentiality of member account information, the Credit Union will establish procedures for
periodically training staff on the importance of member privacy and the Credit Union’s privacy policy. Staff will only be permitted to access member account information when necessary for business reasons. Finally, the Credit Union will establish appropriate security standards to protect against unauthorized access to member information.

Availability of Policy

The Credit Union is proud of its commitment to member confidentiality, and will make this policy available to any consumer requesting it. The Credit Union will also post the policy on its Internet home page.

DEBT CANCELLATION PROTECTION

Loss of Life, Disability, Unemployment and Family Leave Credit Protection is available to members of the Credit Union but this protection is not required. Loss of Life and Disability coverage is not available once you reach the age of 70. Disability coverage is not available to self-employed persons.
You may add Debt Cancellation Protection to your VISA account at any time and you may cancel it at any time upon your written request. You will receive a Debt Cancellation Contract detailing your coverage upon enrollment. You may review the Contract in advance by contacting the OCCU VISA department.

VARIABLE RATE INDEX

The interest rate charged on the VISA account is variable and may change each month.  The index is the greater of either 7% or the annualized yield (coupon equivalent) of the average auction results of the 26 Week Treasury Bills sold during the third week of the month before the Change Date up to the nearest
one-quarter percent.  The margins, ANNUAL PERCENTAGE RATES and corresponding daily periodic rate in effect when this plan is opened are set forth in the Rate Addendum, and are dependent upon each advance.  Ask us about our current margin and ANNUAL PERCENTAGE RATES.  The index plus the margin equals the ANNUAL PERCENTAGE RATE. The ANNUAL PERCENTAGE RATE will not be greater than 18.00%.  The rate is recalculated
monthly and becomes effective on the next billing cycle and will be applied to all charges and outstanding balances the day following the billing cycle date.

The Fair and Accurate Credit Transactions (FACT) Act Disclosure: We may report information about your account to credit bureaus. Late payments, missed payments or other defaults on your account may be reflected in your credit report.