Privacy Policy

Privacy Policy 2017-12-10T23:38:12+00:00

FACTS

WHAT DOES SECURITY FEDERAL BANK 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

  • Account Balances

  • Payment History

  • Overdraft History

  • Account transactions

  • Checking account information

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 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 reasons Security Federal Bank chooses to share; and whether you can limit this sharing.

 

Questions?

Call 423-543-1000


What we do

How does Security Federal Bank 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 Security Federal Bank collect my personal information?

We collect your personal information, for example, when you

  • Open an account

  • Make deposits or withdrawals from your account

  • Give us your contact information

  • Show your driver’s license

  • Give us your income information

We also collect your personal 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 your 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.

Definitions

Affiliates

Companies related by common ownership or control. They can be financial and non-financial companies.

  • Security Federal Bank does not share with our affiliates.

Nonaffiliates

Companies related by common ownership or control. They can be financial and non-financial companies.

  • Security Federal Bank does not share with our 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.

  • Security Federal Bank doesn’t jointly market.

 

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