Taking Good Care of You...and one old Grump!

Privacy & Security

Privacy Policy

What does Readlyn Savings 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 and income
  • account balances and payment history
  • credit history 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 Readlyn Savings Bank chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information Does Readlyn Savings Bank share? Can you limit this sharing?
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 No
For joint marketing with other financial companies No We don't share
For our affiliates' everyday business purposes - information about your transactions and experiences No We don't share
For our affiliates' everyday business purposes - information about your creditworthiness No We don't share
For our affiliates to market to you No We don't share
For non-affiliates to market to you No We don't share

What we do.
How does Readlyn Savings 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 Readlyn Savings Bank collect my personal information?
We collect your personal information, for example, when you

  • open an account or deposit money
  • make deposits or withdrawals from your account or apply for a loan
  • use your debit card
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 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.
*Readlyn Savings Bank does not share with our affiliates

Non-affiliates - Companies not related by common ownership or control. They can be financial and non-financial companies.
*Readlyn Savings Bank does not share with non-affiliates so they can market to you.

Joint marketing - A formal agreement between non-affiliated financial companies that together market financial products or services to you.
*Readlyn Savings Bank does not jointly market


Security Policy

Readlyn Savings Bank values the trust our customers place in us and the Bank is committed to ensuring the security and confidentiality of customer information and protecting that information. Information about our customers is held in confidence by the Bank and no employee of Bank shall divulge any non-public information of a customer or discuss the business of a customer with anyone outside the bank without the customer's prior written consent or as permitted by law.

It is the policy of Bank to comply with all requirements imposed on the Bank by the Gramm-Leach-Bliley Act of 1999 regarding the safekeeping of customer information. The Bank follows its established standards for administrative, technical and physical safeguards of customer records. Additionally, the program shall meet the standards mandated by the interagency guidelines establishing standards for safeguarding customer information.

The Bank will collect, retain, and use the information about customers only where such information is believed to be useful and allowed by law to administer the business of Bank to provide products, services and other financial opportunities to its customers.

The Bank will review the measures that it has taken to safeguard customer information. The review takes into account the on-going changes in technology and the internal and external changes that the Bank goes through in addition to the complexity and scope of the Bank's activities.

 

Questions

Call 319-279-3321 or go to www.readlynsavingsbank.com