PRIVACY POLICY
Denver Savings Bank is committed
to protecting the individual privacy of our
customers. In accordance with regulations, we
are providing you with this Privacy Policy
Notice.
THIS NOTICE CONTAINS IMPORTANT
INFORMATION ABOUT THE PRIVACY OF PERSONAL
INFORMATION THAT DENVER SAVINGS BANK COLLECTS
ABOUT ITS CUSTOMERS AND HOW THAT INFORMATION IS
USED. This notice is
being provided for information purposes only. No
action is required on your part.
When we say “you” we mean the
following types of customers: All current and
former customers who have at least one loan,
deposit, or safe deposit box account with us.
What Information is Collected,
Used, and Retained
Nonpublic personal information is
information that is obtained in connection with
providing a financial product or service to you.
We collect, use, and retain nonpublic personal
information about you from the following
sources:
·
Information we receive from you
on applications or other forms;
·
Information about your
transaction with us or others; and
·
Information we receive from a
consumer-reporting agency, such as a credit
bureau.
We use this information to
protect and administer your records, accounts,
and funds; to comply with certain laws and
regulations; to help us design or improve
products and services; and to understand your
financial needs so we can provide you with
quality products and services.
We do not disclose any nonpublic
personal information about our customers or
former customers to anyone, except as permitted
or required by law.
What Information is Disclosed
We are permitted by law to share
information we collect, as described above,
when:
1.
you request or authorize us to do
so;
2.
when it is necessary to complete
a transaction initiated by you;
3.
to comply with legal or
regulatory requirements; and
4.
with third parties that assist us
in servicing your loan or account with us.
If you decide to close your
account(s) or become an inactive customer, we
will follow the privacy policies and practices
as described in this notice.
Safeguarding the Security of
Customer Information
We maintain physical, electronic,
and procedural information safeguards that
comply with federal standards to guard nonpublic
personal information. We continually evaluate
and access new technology for protecting
information.
Employee Access to Information
We restrict access to nonpublic
personal information about you to those
employees who need to know that information to
provide products or services to you.
Maintenance of Accurate
Information
We have established procedures to
ensure your financial institution is accurate,
current, and complete, in keeping with industry
standards and federal law. Should you ever
believe or question that our records contain
inaccurate or incomplete information about you,
please notify us.
Disclosure of Privacy Policy to
Customers
We want you to understand our
commitment to privacy in our collection and use
of customer information. We adopted this privacy
policy, which we provide to you at the time you
establish your relationship with us and on an
annual basis thereafter. If you have questions
about this policy or concerns about the privacy
of your information, please contact us at
319-984-5635. |