Privacy Policy
LMCU is committed to protecting your personal information. This notice explains what information we collect, how it may be shared, and the choices available to you. (Last revised 10/2023)
What does LMCU do with your information?
Your security it important to you...and to us. Here's everything you need to know about how we collect information and how it may be used.
Why we share information
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.
Information we collect
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 Income
- Account Balances and Payment History
- Credit History and Credit Scores
How does LMCU collect my personal information?
We collect your personal information, for example, when you:
- Open an account or Deposit Money
- Pay your bills or Apply for a loan
- Use your credit or debit card
We also collect your personal information from others such as credit bureaus, affiliates or other companies.
Your Privacy Choices
All financial companies need to share members’ personal information to run their everyday business. In the table below, we list the reasons financial companies can share their members’ personal information, the reasons Lake Michigan Credit Union chooses to share, and whether you can limit this sharing.
| Feature |
Does LMCU share? |
Can you limit this sharing? |
|
|---|---|---|---|
| Feature | |||
| 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. | Yes | No | |
| For our marketing purposes– to offer our products and services to you. | Yes | Yes | |
| For joint marketing with other financial companies. | Yes | Yes | |
| For our affiliates' everyday business purposes- information about your transactions and experiences. | Yes | Yes | |
| For our affiliates' everyday business purposes– information about your creditworthiness. | No | We don't share. | |
| For our affiliates to market to you. | Yes | Yes | |
| For nonaffiliates to market to you. | No | We don't share. | |
Definition of Terms Used
Affiliates — companies related by common ownership or control. They can be financial and nonfinancial companies. For example, Lake Michigan Financial Group (including Lake Michigan Insurance Agency).
Nonaffiliates — companies not related by common ownership or control. They can be financial and nonfinancial companies. LMCU does not share with nonaffiliates so they can market to you.
Joint Marketing — a formal agreement between nonaffiliated financial companies that together market financial products or services to you. Our joint marketing partners include insurance and student loan companies.
Privacy Policy FAQs
To limit our sharing, contact (800) 242-9790 or stop by your local branch to speak with someone.
Please note:
If you are a new member, we can begin sharing your information 30 days from the date we sent this notice. When you are no longer our customer, we continue to share your information as described in this notice. However, you can contact us at any time to limit our 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 nonaffiliates to market to you
State laws and individual companies may give you additional rights to limit sharing.
Your choice will apply to everyone on your account.
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.
Use caution to avoid revealing account numbers, card numbers, passwords, and other information to other people. Learn more at our Security Center.
