Disclosures
Electrical Workers 558
Federal Credit Union
Federal Credit Union
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| Disclosures Note: The following is a condensed summary of our disclosures. Contact us for the complete text. To Receive Disclosures by mail call (256) 383-6551 |
Share Certificates
Loans
Regular Share Account
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information that identifies each person
who opens an account.
What this means for you: When you open an account, we will ask your name, address, date of birth,
and other information that will allow us to identify you. We may also ask to see your driver's license
or other identifying objects.
_____________________________________________________________________________
Privacy Notice
Facts: What does the Electrical Workers 558 Federal Credit Union 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 payment balances,
transaction history 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 member's personal information to run their everyday
business. In the section below, we list the reasons financial companies can share their member's
personal information; the reasons Electrical Workers 558 Federal Credit Union 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. Does the credit
union share this information? Yes - Can you limit this sharing? No
For our marketing purposes: To offer our products and services to you. Does the credit union
share this information? No - Can you limit this sharing? We don't share
For joint marketing with other financial companies: Does the credit union share this information?
No - Can you limit this sharing? We don't share
For our affiliates' everyday business purposes: Information about your transactions and
experiences. Does the credit union share this information? No -Can you limit this sharing? We
don't share
For non-affiliates to market to you: Does the credit union share this information? No - Can you limit
sharing? We don't share.
How does the Electrical Workers 558 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 the credit union collect my personal information? We collect your personal information,
for example when you: Open an account or deposit money, apply for a loan or give us your contact
information, show your government issued id card.
We also collect 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 credit worthiness, affiliates from using your
information to market to you, sharing for non-affiliates 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 non-
financial companies. Electrical Workers 558 Federal Credit Union does not share with affiliates.
Non-affiliates: Companies not related by common ownership or control. They can be financial and
non-financial companies. Electrical Workers 558 Federal Credit Union does not share with non-
affiliates.
Joint marketing: A formal agreement between non-affiliated financial companies that together
market financial products or services to you. Electrical Workers 558 Federal Credit Union doesn't
jointly market.
For questions or concerns about our privacy policy call (256) 383-6551
or email: info@ew558fcu.com
_____________________________________________________________________________
- The stated APY (Annual Percentage Yield) assumes that dividends will be credited to the
Certificate monthly. - A withdrawal will reduce earnings.
- Minimum balance is $500
- Substantial penalty for early withdrawal.
- After the certificate is opened you may NOT make deposits until the maturity date.
- The Certificate will not renew automatically and will not earn dividends after the maturity
date. (Unless the certificate is used to secure a loan.) - If you redeem your certificate before maturity you will not earn any accrued dividends.
- All advertised rates are subject to change without notice!
- To the extent you owe the Credit Union as a borrower the credit union has a lien on all funds
in any account in which you have a ownership interest. - Savings are federally insured to least $250,000 by the National Credit Union Administration,
a U.S. Government Agency - Contact Credit Union Personnel for additional information (256)383-6551
Loans
- (APR) Annual Percentage Rate is subject to change without notice.
- All loans are with approved credit. Click here for a Loan Application.
- Contact Credit Union Personnel for additional information (256)383-6551
- "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."
Regular Share Account
- The par value of a regular share in this credit union is $25
- The dividend rate shown on the Savings Rate web page is the rate paid for the last quarter.
*The rate for this quarter has not yet been determined. - Dividends are paid from current earnings after required transfers to the Credit Union's
regular reserve account. - If you close your account you will not earn any accrued dividends.
- Contact Credit Union Personnel for additional information (256)383-6551
Important Information About Procedures for Opening a New Account
To help the government fight the funding of terrorism and money laundering activities, Federal law
requires all financial institutions to obtain, verify, and record information that identifies each person
who opens an account.
What this means for you: When you open an account, we will ask your name, address, date of birth,
and other information that will allow us to identify you. We may also ask to see your driver's license
or other identifying objects.
_____________________________________________________________________________
Privacy Notice
Facts: What does the Electrical Workers 558 Federal Credit Union 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 payment balances,
transaction history 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 member's personal information to run their everyday
business. In the section below, we list the reasons financial companies can share their member's
personal information; the reasons Electrical Workers 558 Federal Credit Union 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. Does the credit
union share this information? Yes - Can you limit this sharing? No
For our marketing purposes: To offer our products and services to you. Does the credit union
share this information? No - Can you limit this sharing? We don't share
For joint marketing with other financial companies: Does the credit union share this information?
No - Can you limit this sharing? We don't share
For our affiliates' everyday business purposes: Information about your transactions and
experiences. Does the credit union share this information? No -Can you limit this sharing? We
don't share
For non-affiliates to market to you: Does the credit union share this information? No - Can you limit
sharing? We don't share.
How does the Electrical Workers 558 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 the credit union collect my personal information? We collect your personal information,
for example when you: Open an account or deposit money, apply for a loan or give us your contact
information, show your government issued id card.
We also collect 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 credit worthiness, affiliates from using your
information to market to you, sharing for non-affiliates 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 non-
financial companies. Electrical Workers 558 Federal Credit Union does not share with affiliates.
Non-affiliates: Companies not related by common ownership or control. They can be financial and
non-financial companies. Electrical Workers 558 Federal Credit Union does not share with non-
affiliates.
Joint marketing: A formal agreement between non-affiliated financial companies that together
market financial products or services to you. Electrical Workers 558 Federal Credit Union doesn't
jointly market.
For questions or concerns about our privacy policy call (256) 383-6551
or email: info@ew558fcu.com
_____________________________________________________________________________
