Privacy Statement for Nebraska Rural Electric Association Credit Union

Nebraska Rural Electric Association Credit Union is owned by its members and run by a board of directors that you elect. You can be confident that your financial privacy is a top priority of this credit union. We are required by law to give you this privacy notice to explain how we collect, use and safeguard your personal information. If you have any questions, please contact a member of the staff at Nebraska Rural Electric Association Credit Union.

We are committed to providing you with competitive products and services to meet your financial needs, which necessitates that we share information about you to complete your transactions and to provide you with certain financial opportunities. In order to do so, we have entered into agreements with other companies that provide either services to us or additional financial products for you to consider.

Under these arrangements, we may disclose all of the information we collect, as described below, to companies that perform marketing or other services on our behalf or to other financial institutions with whom we have joint marketing agreements. We do not permit these companies to sell to other third parties the information we provide to them.

Information We Collect And Disclose About You
We collect the following nonpublic personal information about you from a variety of sources.

From membership and loan applications and other forms, we obtain information such as name, address, social security number and income.
From your transactions with us or other companies that work closely with us to provide you with financial products and services, we obtain information such as your account balances, payment history, parties to transactions, and credit card usage.
From consumer reporting agencies, we obtain information such as your creditworthiness and credit history.
From verifications of information you provide on applications and other forms, we obtain information from current or past employers, other financial institutions and other sources listed on the application.

The credit union's directors, management and staff respect the private nature of this nonpublic personal information. However, we may disclose some or all of the information we collect to outside companies that perform services for the credit union or you, such as CUNA Mutual Insurance, to outside companies that process data for us to companies that may provide other services to help us conduct the business of the credit union. We have signed letters of agreement with our subcontractors and companies that provide such services that stipulate that the members' nonpublic private information may be used only as necessary to complete their obligations to you and us. We also provide nonpublic private information about you to other third parties as permitted or required by law, such as reports to credit bureaus or agencies, the Internal Revenue Service, responses to subpoenas, search warrants or summons.

We may also disclose information we collect about you under other circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf, conduct the operations of our credit union, follow your instructions as you authorize, or protect the security of our financial records.

If you terminate your membership with Nebraska Rural Electric Association Credit Union, we will not share information we have collected about you, except as permitted or required by law.

How We Protect Your Information
We restrict access to nonpublic personal information about you to those employees who have a specific business purpose in utilizing your data. Our employees are trained in the importance of maintaining confidentiality and member privacy. We maintain physical, electronic, and procedural safeguards that comply with federal regulations and leading industry practices to safeguard your nonpublic personal information.

Adopted December 19, 2000
Amended May 16, 2001
Re-affirmed Sept. 26, 2001
Re-affirmed July 31, 2002

NEBRASKA RURAL ELECTRIC ASSOCIATION CREDIT UNION PRIVACY NOTICE