Facts
What does Wake Forest Federal 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 depends 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 institutions 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 reason Wake Forest Federal chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information.
Does Wake Forest Federal share?
Can you limit this sharing?
For our everyday business purposes-such as to process your transactions, maintain youraccount(s), respond to court orders and legal investigations, or report to credit bureaus.
Does Wake Forest Federal share?
Yes
Can you limit this sharing?
No
For our marketing purposes-to offer our products and services to you
Does Wake Forest Federal share?
Yes
Can you limit this sharing?
No
For joint marketing with other financial companies
Does Wake Forest Federal share?
No
Can you limit this sharing?
We don’t share
For our affiliates’ everyday business purposes-information about your transactions and experiences
Does Wake Forest Federal share?
No
Can you limit this sharing?
We don’t share
For our affiliates’ everyday business purposes-information about your creditworthiness
Does Wake Forest Federal share?
No
Can you limit this sharing?
We don’t share
For our affiliates to market to you
Does Wake Forest Federal share?
No
Can you limit this sharing?
We don’t share
For non-affiliates to market to you
Does Wake Forest Federal share?
No
Can you limit this sharing?
We don’t share
Questions? Call Us.
Who We Are
Who is providing this notice?
Wake forest Federal
What We Do
How does Wake Forest Federal protect my personal information?
To protect my personal information?security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
How does Wake Forest Federal collect my personal information?
We collect your personal information, for example, when you:
- open an account or apply for a loan
- make deposits or withdawals from your account
- give us your contact information
- provide us with your employment or wage information
- provide us with your driver’s license
We also collect your personal information from others, such as credit bureaus 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 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
Wake Forest Federal does not share with our affiliates
Non-Affiliates
Companies not related by common ownership or control. They can be financial or non-financial companies
Wake Forest Federal does not share with non-affiliates so that they can market to you
Joint Marketing
A formal agreement between non-affiliated financial companies that together market financial products or services to you
Wake Forest Federal doesn’t jointly market
Other Important Information
Important Notice about Credit Reporting: We may report information about your account(s) to credit bureaus and/or consumer reporting agencies. Late payments, missed payments, or other defaults on your account(s) may be reflected in your credit report and /or consumer report.
