Privacy & Security Statements
Dear Customer:
Protecting your privacy is important to North Akron Savings Bank and its employees. We want you to understand what information we collect and how we use it. In order to provide our customers with a broad range of financial products and services as effectively and conveniently as possible, we use technology to manage and maintain customer information. The following privacy statement serves as a standard for all North Akron Savings Bank employees for the collection, use, retention, and security of nonpublic personal information.
We will tell you the sources for all nonpublic personal customer information we collect and will tell you what measures we take to secure that information. We will also tell you what information we share with other entities. We will explain what your rights are and how you can exercise them. If you share your account relationship with someone else, for example, where you are a co-borrower or joint holder of a checking account, we suggest that you share this information with each other to ensure that each of you is aware of our privacy statement and your options.
Definitions
The following definitions apply to this privacy statement:
· We, our, and us means North Akron Savings Bank.
· Customer means any consumer that has a continuing customer relationship with us. A consumer is an individual (a person, not a corporation, partnership, or trust) who has a financial product or service with us for personal, family, or household purposes. A continuing relationship is one that is ongoing.
· Nonpublic personal information means information about you that we collect in connection with providing a financial product or service to you. It does not include information that is available from public sources, such as telephone directories or government records.
· A nonaffiliated third party is a company that we do not own or control; that does not own or control us; and that is not owned or controlled by the same company that owns or controls us. Ownership does not mean complete ownership, but means owning enough to have control.
The Information We Collect
We collect nonpublic personal information about you from the following sources:
· Information we receive from you on applications or other forms
· Information about your transactions with us
· Information about your transactions with nonaffiliated third parties
· Information from a consumer reporting agency
The Information We Disclose
We do not disclose any nonpublic personal information about our customers to anyone, except as permitted by law.
Nonpublic Personal Information and Former Customers
If you decide to close your account(s) or become an inactive customer, we will follow the privacy policies and practices as described in this notice.
The Confidentiality, Security, and Integrity of Your Nonpublic Personal Information
We restrict access to nonpublic personal information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards that comply with federal regulations to guard your nonpublic personal information.
