PRIVACY NOTICE
Beacon Credit Union is owned by its members and run by a board of directors you elect. You can be confident that your financial privacy is a top priority of this credit union. We are required by law to give you this privacy notice to explain how we collect, use and safeguard your personal financial information. These practices are followed by the credit union and its affiliate, Beacon Investment Services, Inc. and therefore, this notice will be applied to both. If you have any questions, please contact a member service representative at 219-563-7443.
We collect the following nonpublic personal information about you from the following sources:
Our Internet financial services provider, FundsXpress Financial Network, Inc. (“FundsXpress”), also collects and maintains general information about our members simply to help us provide banking and other financial services to you online. They may also collect certain information for security and statistical purposes. The information collected for these purposes may include:
We may disclose all of the information we collect, as described above, as permitted by law.
We may disclose nonpublic personal information about you to the following types of third parties:
We may also disclose nonpublic personal information about our members, former members, website users and portal users as required by law.
We may disclose all of the information we collect, as described above, to companies that perform marketing or other services on our behalf or to other financial institutions with whom we have joint marketing agreements so that we may provide member’s competitive products and services. To protect our members’ privacy, we only work with companies that agree to maintain strong confidentiality protections and limit the use of information we provide. We do not permit these companies to sell to other third parties information we provide them.
If you terminate your membership with Beacon Credit Union, or its affiliate, Beacon Investment Services, Inc., we will not share information we have collected about you, except as may be permitted or required by law.
An IP address is a number that’s automatically assigned to your computer whenever you’re on the Internet. Web servers, the computers that “serve up” Web pages, automatically identify your computer by its IP address.
When collecting information for us, FundsXpress does not link IP addresses to anything personally identifiable, which means that a user’s session will be logged, but the user remains anonymous to FundsXpress and us.
FundsXpress may use IP addresses to audit the use of our site. FundsXpress can and will use IP addresses to identify a user when necessary for security purposes.
Our Portal has numerous links to other 3rd party sites. These links to external third parties are offered as a courtesy and convenience to our members. This financial institution is not responsible for the privacy practices or the content of such web sites service provider.
Third party merchants may collect personal information from you when you visit their sites. For example, they collect personal information from you when you provide billing information or send them an email. Some third party merchants may also send you a cookie to collect data on your Internet usage and preferences. When you click on advertisements at third party sites, the advertising company may also send you a cookie. With the exception of FundsXpress, this financial institution does NOT have access to the information collected by any third party, nor can we control how they use this information. As a general rule, you should always look for and review a site’s privacy policy before giving our any personal information.
If you have questions or concerns about the privacy policies and practices of these third parties, please review their websites and contact them directly. This financial institution assumes no responsibility for the content, safety, security, or privacy of any such site or any transactions you conduct through them.
Visitors to our website remain anonymous. We do not collect unique identifying information about you unless you voluntarily and knowingly provide us that information, such as when you send us an email or complete an application online. If you provide us this information, it is only used internally and in furtherance of the purpose for which it was provided.
A cookie is a very small text file sent by a web server and stored on your hard disk in your browser so that it can be read back later. Cookies cannot “read” information about you from your computer or be used to “steal” information about you; cookies don’t carry viruses; and cookies are not programs that can perform functions on your computer.
Cookies are a basic way for a server to identify you (most cookies actually identify the computer you happen to be using at the time, not you personally), and cookies are used for many things from personalizing start up pages to facilitating online purchases. Cookies do perform a very important function when you engage in secure Internet banking.
Our Internet banking service provided by FundsXpress uses encrypted cookies that do not pass to your computer. Instead, the cookie is stored in the memory of your browser, identifying only your computer while you are logged on. Only FundsXpress can read the information in these cookies. This Internet banking cookie allows FundsXpress to process multiple transactions during your session without requiring you to reenter your pass code for each individual transaction. The cookies for Internet banking simply provide another level of security for our Internet banking product.
When you log off, close your browser, or turn off your machine, the cookie is destroyed. A new cookie is used for each session. That way, no one can use the prior cookie to access your account. For additional security, the cookie expires after 10 minutes of inactivity. It must then be renewed by reentering your pass code.
FundsXpress does not (and cannot) use this cookie to collect or obtain new personal information about you. You must allow your browser to accept this cookie so you can use the Internet banking system.
FundsXpress collects general information on all Portal visitors through a cookie. This cookie is sent to your computer and provides us information, such as when you accessed our site, which pages you accessed in the portal, and what Internet provider you used when you accessed our site. The information collected through this cookie is not personally identifiable and is only used for statistical purposes to assist us in our planning process and our marketing program.
When registered users login and select the “Remember Me” checkbox FundsXpress sends another cookie to your computer. This “Remember Me” cookie enables you to customize the Portal and bypass the login process each time you revisit the Portal. This cookie is retained on your computer until you either delete it or click on the Logout link within the Portal. This cookie does not contain or collect personally identifiable information and is only tied to a user identification number.
When registered users login the Portal, FundsXpress will send an additional cookie called a “per-session” cookie or “server-side” cookie. This “server-side” cookie resides in the browser and is only used by FundsXpress to monitor the session by a unique identification number. This cookie is used for security purposes and you must allow your browser to accept the “server-side” cookie to use the Portal. The cookie is destroyed after eight hours.
Members and Visitors to our Portal may have access to a service called the FX Wallet. FundsXpress Financial Network, Inc. makes this product available to you. The FX Wallet is a software program that allows you to purchase products conveniently from merchant Web sites.
The FX Wallet will store your name, address, email address, and credit card information, all of which is used for purchasing products and services from online merchants.
We restrict access to nonpublic personal information about you to those employees who have a specific business purpose in utilizing your data. Our employees are trained in the importance of maintaining confidentiality and member privacy. We maintain physical, electronic, and procedural safeguards that comply with federal regulations and leading industry practices to safeguard your nonpublic personal information.
Our Internet banking service provider, FundsXpress, has also developed security policies and procedures to protect the customer information that they must collect and maintain to help us process your banking transactions over the Internet. They have developed a top-of-the line security system to ensure your customer information is protected on the Internet and within the FundsXpress environment. For more information on the FundsXpress security measures, please visit www.fundsxpress.com.
This financial institution respects the privacy of children. We do not knowingly collect names or any other personally identifiable information from children. We do not knowingly market to children.
What Members can do to help
Beacon Credit Union and Beacon Investment Services, Inc. are committed to protecting the privacy of its members and customers. You can help by following these simple guidelines:
Beacon Credit Union reserves the right to amend or change this policy at anytime without notice. For the most current version of this policy you can: