BANK PRIVACY POLICY
SECURITY FEDERAL CORPORATION, ITS AFFILIATES AND EMPLOYEES REALIZE THAT PROTECTING THE PRIVACY, CONFIDENTIALITY, AND ACCURACY OF YOUR NONPUBLIC PERSONAL INFORMATION IS IMPORTANT. WE VALUE YOUR BUSINESS AND THE TRUST YOU PUT IN US. TO OFFER YOU THE FINANCIAL PRODUCTS AND SERVICES YOU SEEK, WE COLLECT, MAINTAIN, AND USE INFORMATION ABOUT YOU ON A ROUTINE BASIS. TO HELP YOU BETTER UNDERSTAND HOW YOUR PERSONAL NONPUBLIC INFORMATION IS PROTECTED, WE ARE PROVIDING YOU WITH THE FOLLOWING STATEMENT ABOUT OUR PRACTICES WITH RESPECT TO THE ACCURACY AND PRIVACY OF CUSTOMER INFORMATION. IN THE EVENT YOU TERMINATE YOUR CUSTOMER RELATIONSHIP WITH US, OR BECOME AN INACTIVE CUSTOMER, WE WILL CONTINUE TO ADHERE TO THE POLICIES AND PRACTICES DESCRIBED BELOW.
INFORMATION WE COLLECT: WE COLLECT, RETAIN, AND USE NONPUBLIC PERSONAL INFORMATION ABOUT INDIVIDUAL CUSTOMERS AND CONSUMERS, AS ALLOWED BY LAW, IN ORDER TO PROVIDE PRODUCTS AND SERVICES TO OUR CUSTOMERS. WE MAY COLLECT NONPUBLIC PERSONAL INFORMATION FROM SUCH SOURCES AS:
* APPLICATIONS: WE RECEIVE INFORMATION ON APPLICATIONS AND OTHER FORMS, SUCH AS YOUR NAME, ADDRESS, SOCIAL SECURITY NUMBER, ASSETS, LIABILITIES, AND INCOME.
* TRANSACTIONS: WE HAVE INFORMATION ABOUT CUSTOMER TRANSACTIONS WITH US, OUR AFFILIATES, AND OTHERS, SUCH AS ACCOUNT BALANCE, PAYMENT HISTORY, PARTIES TO TRANSACTIONS, AND CREDIT CARD USAGE.
* CONSUMER REPORTING AGENCIES: WE RECEIVE INFORMATION FROM CONSUMER REPORTING AGENCIES, INCLUDING INFORMATION RELATING TO CREDIT HISTORY.
INFORMATION WE SHARE AND WHY: WE DO NOT DISCLOSE ANY NONPUBLIC PERSONAL INFORMATION ABOUT OUR CUSTOMERS OR FORMER CUSTOMERS TO ANYONE, EXCEPT AS PERMITTED BY LAW. WE DISCLOSE NONPUBLIC PERSONAL INFORMATION ABOUT CUSTOMERS WITH OUR CORPORATE AFFILIATES AND OTHER NONAFFILIATED THIRD PARTIES (1) AT OUR CUSTOMERS' REQUESTS, (2) TO OFFER PRODUCTS OR SERVICES WE BELIEVE OUR CUSTOMERS MAY FIND VALUABLE, (3) TO SERVICE OUR CUSTOMERS' ACCOUNTS, (4) TO REPORT TO CONSUMER REPORTING AGENCIES, AND (5) TO MANAGE RISK WHEN REQUIRED AND ALLOWED BY LAW.
SERVICE PROVIDERS: TO PROVIDE OUR CUSTOMERS WITH PRODUCTS OR SERVICES AND TO OFFER OUR CUSTOMERS PRODUCTS OR SERVICES THAT WE BELIEVE MAY MEET THEIR FINANCIAL NEEDS, WE MAY DISCLOSE NONPUBLIC PERSONAL INFORMATION TO COMPANIES THAT PERFORM SERVICES AND PROVIDE PRODUCTS ON OUR BEHALF, SUCH AS CHECK PRINTING OR MARKETING. IF NONPUBLIC PERSONAL INFORMATION IS PROVIDED TO A THIRD PARTY, WE REQUIRE THAT THEY AGREE TO KEEP SUCH INFORMATION CONFIDENTIAL AND TO USE THAT INFORMATION ONLY AS PERMITTED BY LAW.
HOW WE PROTECT CUSTOMER INFORMATION: WE EDUCATE OUR EMPLOYEES ABOUT THE IMPORTANCE OF CUSTOMER CONFIDENTIALITY. WE RESTRICT EMPLOYEE ACCESS TO CUSTOMER NONPUBLIC PERSONAL INFORMATION ONLY TO THOSE WHO NEED TO HAVE ACCESS IN ORDER TO PROVIDE OUR PRODUCTS OR SERVICES. APPROPRIATE DISCIPLINARY ACTIONS WILL BE TAKEN TO ENFORCE OUR PRIVACY STANDARDS. WE ALSO MAINTAIN PHYSICAL, ELECTRONIC, AND PROCEDURAL SAFEGUARDS IN COMPLIANCE WITH REGULATORY STANDARDS TO PROTECT CUSTOMER NONPUBLIC PERSONAL INFORMATION. ANY ATTEMPT BY A THIRD PARTY TO FRAUDULENTLY OBTAIN CUSTOMER INFORMATION FROM US WILL BE IMMEDIATELY REPORTED TO THE APPROPRIATE LAW ENFORCEMENT OR GOVERNMENT AGENCY.
INTERNET AND ELECTRONIC PRIVACY: INFORMATION GATHERED VIA THE INTERNET OR OTHER ELECTRONIC MEANS WILL BE USED ONLY FOR APPROPRIATE PURPOSES SUCH AS FOR THE EVALUATION OF OUR WEBSITE'S EFFECTIVENESS, DESIGNING NEW PRODUCTS OR SERVICES FOR THE BENEFIT OF OUR CUSTOMERS OR ESTIMATING SYSTEM CAPACITY NEEDED TO CONVENIENTLY SERVICE OUR CUSTOMERS.
COOKIES: SECURITY FEDERAL BANK USES COOKIES WHEN CUSTOMERS ACCESS OUR NETTELLER ONLINE BANKING SERVICE THROUGH OUR WEBSITE. A COOKIE IS A PIECE OF DATA THAT IS SENT TO A COMPUTER'S BROWSER BY A WEBSITE. THE BROWSER WILL RETURN THE COOKIE ONLY TO THE WEBSITE THAT SENT IT. THE DATA IN OUR COOKIE IS ONLY AN ANONYMOUS NUMBER THAT IS USED BY OUR NETTELLER SERVICE TO TRACK A USER'S SESSION IN ORDER TO ENSURE THAT THE USER HAS ENTERED A VALID ID AND PIN, THAT THE USER'S SESSION HAS NOT TIMED OUT, AND TO SPEED UP OUR NETTELLER SERVICE. WE DO NOT USE PERSONAL DATA (SUCH AS ACCOUNT OR CREDIT CARD NUMBERS) IN OUR COOKIES. NETTELLER TEMPORARILY STORES SOME USER INFORMATION UNTIL THE USER LOGS OFF, THEN THE INFORMATION HELD IN MEMORY IS DISCARDED.
INFORMATION ACCURACY: WE HAVE ESTABLISHED PROCEDURES THAT MEET REASONABLE COMMERCIAL STANDARDS FOR ENSURING THAT CUSTOMER INFORMATION IS CURRENT AND COMPLETE. IF YOU BELIEVE THAT OUR INFORMATION ABOUT YOU IS INCORRECT, PLEASE NOTIFY US IN WRITING; MAIL TO: SECURITY FEDERAL BANK ATTENTION: COMPLIANCE OFFICER, PO BOX 810, AIKEN, SC 29802.
THIS NOTICE SHOULD INCLUDE YOUR FULL NAME, CURRENT ADDRESS, SOCIAL SECURITY NUMBER, ACCOUNT NUMBER, TELEPHONE NUMBER, AND THE INFORMATION YOU BELIEVE TO BE INACCURATE AND WHY. THE INFORMATION WILL THEN BE APPROPRIATELY CORRECTED.
