Opting Out of Information Sharing

Federal regulations allow financial institutions, insurance companies, and brokerage firms to share much of your personal information with third parties IF they (1) have explained their privacy policies to you and (2) have given you an opportunity to opt-out of this information sharing. They must tell you their privacy policies when they begin a relationship with you and remind you of their policies once each year.

Most of these companies understand that selling your information is a violation of your trust and endangers their relationship with you. They will never do it. DCU is one of them. We value your trust and take significant steps to protect your privacy. We never sell our mailing lists or the financial information of our members. Our Privacy Policy spells this out. Unfortunately, there are firms that do put profit before trust.

Opting Out is a Way to Protect Yourself

If you have misplaced or never saw the privacy policies and opt-out instructions of the institutions you deal with, you can simply write the firm a letter.

Below is an outline of a letter you can use to opt out of information sharing with the other financial institutions, insurance companies, and brokerage firms you deal with.

[Your full name]
[Your full street address]
[City, State ZIP]
[Month, Date Year]

[Name of the company]
[Street]
[Address]
[City, State ZIP]

Attn: "OPT OUT" Department

Dear Sir or Madam:

Regarding these accounts:
[list your name, the name of each account, and the account number here]

I am asserting my rights under the Financial Services Modernization Act and the Fair Credit Reporting Act to "opt out" of the following two uses of my personal information:

You do not have permission to disclose personally identifiable information with your non-affiliated third-party companies or individuals.
You do not have permission to disclose my creditworthiness to any affiliate.

I am further instructing you:

Do not disclose any of my transaction and experience information to any affiliate of yours.
Do not disclose any information about me in connection with marketing agreements between you and any other company.

Please respond to me in writing stating that you will comply with these instructions. If I have not received a letter within thirty days specifically denying my instructions, I will assume your records have been noted to comply with this letter.

Sincerely,

[your signature and date]
[Your name]

Mail your letter in a sealed envelope to each company. Use only your return address (not your Social Security number or account number) on the return envelope.

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Digital Federal Credit Union
220 Donald Lynch Boulevard
PO Box 9130
Marlborough, MA 01752-9130
508.263.6700 • 800.328.8797

Your savings federally insured to at least $250,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, a U.S. Government Agency. Select for more information.