At Dearborn Savings Association, the protection, privacy and confidentiality of your personal information is important to us. We value your business and the trust you put in Dearborn Savings Association. In order to offer you the financial products and services you seek to obtain, we collect, maintain, and use information about you on a routine basis. To help you better understand how your personal information is protected at Dearborn Savings Association, we are providing you with the following statement describing our practices and policies with respect to the privacy of customer information. In the event that you terminate your customer relationship with us, or become an inactive customer, we will continue to adhere to the policies and practices described in this notice.
Service Providers/Joint Marketing Partners
To provide our customers with products or services we believe may meet your financial needs, we may exchange limited nonpublic personal information about you to nonaffiliated firms to conduct marketing services on our behalf, or with other financial institutions in order to offer financial products or services pursuant to a joint agreement. Such information exchanged includes:
Information we receive from you on applications or other forms, such as name, address, social security number, assets, and income.Information about your transactions with us, our affiliates, or others, such as your account balances, payment history, parties to transactions, and credit card usage; and Information we receive from a consumer reporting agency, such as information relating to your creditworthiness and credit history.
How We Protect Your Information
We understand that the protection of your nonpublic personal information is of the utmost importance. We restrict access to your personal and account information to those employees who need to know that information to provide services or products to you. We maintain physical, electronic and procedural safeguards that comply with federal standards to protect your nonpublic personal information.
Information We Collect
We may collect nonpublic information about you from such sources as:
Information volunteered by you during the application process;
Information gathered from your transactions and experiences with us, our affiliates or others; and
Information obtained from other authorized sources such as credit bureaus.
All information collected by Dearborn Savings Association is used for specific business purposes, such as administering your account, complying with state/federal banking regulations, protecting against fraud, and developing a better understanding of your financial needs to provide you with improved products and services.
Who Receives This Information and Why
We do not disclose any nonpublic personal information about our customers, or former customers, to anyone, except as permitted by law. We may exchange such information with our affiliates and certain nonaffiliated third parties (under limited circumstances) to the extent permissible under law to service your account, offer you products or services we believe you may find valuable, report to credit bureaus, manage risk, or other financial services related activities.
Information We Disclose
We may disclose nonpublic personal information about you with our corporate affiliates or other nonaffiliated third parties under certain circumstances to provide account services. Any nonpublic personal information shared is conducted in strict adherence to applicable law. We do not disclose nonpublic information about you to anyone, except as permitted by law.