Privacy Policy

What does Spectra Credit Union 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 and credit scores

When you are no longer our member, we continue to share your information as described in this notice.

How?

All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members’ personal information; the reasons Spectra Credit Union chooses to share; and whether you can limit this sharing.

Reasons we can share
Do we 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
Yes
For joint marketing with other financial companies
Yes
Yes
For our affiliates' everyday business purposes - information about your transactions and experiences
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 Spectra Credit Union 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 Spectra Credit Union collect my personal information?

We collect your personal information, for example, when you:

  • Open a new account or use your debit or ATM card
  • Apply for a loan or make a wire transfer
  • Show your driver’s license or conduct any transaction

Why can't I limit all sharing?

Federal law gives you the right to limit only:

  • Sharing for affiliates’ everyday business purposesinformation 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 and control. They can be financial and non-financial companies.

  • Spectra CU has no affiliates.

Non-Affiliates

Companies not related by common ownership and control. They can be financial and non-financial companies.

  • Spectra CU does not share information with non-affiliates.

Joint Marketing

A formal agreement between non-affiliated financial companies that together market financial products or services to you.

  • Spectra CU does participate in joint marketing.

Mobile App Geolocation

Spectra CU periodically collects, transmits, and uses geolocation information for enabling features that prevent fraudulent card use and alerts, but only if the End User expressly authorizes collection of such information. Geolocation information can be monitored on a continuous basis in the background only while the Solution is being used or not at all, depending on the End User’s selection. The End User can change his/her/their location permissions at any time in their device settings.

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Spectra CU is not responsible for the overall website content, security, or privacy policies on third-party sites. This is just a kind reminder to consult their policies for more information.

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