Last updated March 18, 2025
Privacy Policy
DayMet Credit Union recognizes its responsibility to protect the privacy of personal, nonpublic information our members provide regarding their financial transactions with us. DayMet will take all necessary steps to safeguard sensitive information that has been entrusted to us by our members. The purpose of this statement is to set forth the guidelines under which such information may be shared with third parties. It is the intent of DayMet to abide by all applicable laws and regulations governing the privacy of member information.
What Does DayMet 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 employment information
- 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 customers’ personal information to run their everyday business. In the section below, We list the reasons financial companies can share their customers’ personal information, the reasons DayMet Credit Union chooses to share; and whether You can limit this sharing.
Reasons We can share Your personal information
Does the Credit Union 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
NO
For joint marketing with other financial companies
YES
NO
For Our affiliates’ everyday business purposes – information about Your transactions and experiences
YES
NO
For Our affiliates’ everyday business purposes – information about Your creditworthiness
NO
WE DON’T SHARE
For Our affiliates to market to You
YES
YES
For non-affiliates to market to You
NO
WE DON’T SHARE
Questions? Call us at (937) 236-2562
To Limit Our Sharing
What We Do
How does DayMet 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 DayMet Credit Union collect my
personal information?
We collect Your personal information, for example, when You
- open an account or give Us Your employment history
- pay Your bills or apply for a loan
- provide employment information
We also collect Your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can’t I limit all sharing?
Federal law gives You the right to limit only
- sharing for affiliates’ everyday business purposes – information 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 or control. They can be financial and non-financial companies.
- Our affiliates include financial service providers.
Non-Affiliates
Companies not related by common ownership or control. They can be financial and non-financial companies.
- DayMet Credit Union does not share with non-affiliates so they can market to You.
Joint Marketing
A formal agreement between non-affiliated financial companies that together market financial products or services to You.
- Our joint marketing partners include mortgage service providers and insurance companies.
BIOMETRIC INFORMATION PRIVACY POLICY AND CONSENT
Scope and Overview
This policy outlines how DayMet Credit Union, its vendors, and/or the licensor of the DayMet Credit Union’s consumer verification software processes biometric data collected from you for identity verification and fraud prevention purposes.
Biometric Data Defined
As used in this policy, biometric data includes “biometric identifiers” and “biometric information”. “Biometric identifier” means a retina or iris scan, fingerprint, voiceprint, or scan of hand or face geometry. As the term is used in this policy, the selfie photograph you upload to the software for use in the biometric algorithm is considered a “biometric identifier.” “Biometric information” means any information, regardless of how it is captured, converted, stored, or shared, based on an individual’s biometric identifier used to identify an individual.
Disclosure and Authorization Policy
To the extent that DayMet Credit Union, its vendors, and/or the licensor of the DayMet Credit Union’s consumer verification software collect, capture, or otherwise obtain biometric data relating to a consumer, DayMet Credit Union must first:
Inform each consumer that DayMet Credit Union, its vendors, and/or the licensor of the DayMet Credit Union’s consumer verification software are collecting, capturing, or otherwise obtaining the consumer’s biometric data, and that the DayMet Credit Union is providing such biometric data to its vendors and the licensor of the DayMet Credit Union’s consumer verification software;
Inform the consumer of the specific purpose and length of time for which the consumer’s biometric data is being collected, stored, and used; and
Receive consent by the consumer authorizing DayMet Credit Union, its vendors, and/or DayMet Credit Union’s consumer verification software to collect, store, and use the consumer’s biometric data for the specific purposes disclosed by the DayMet Credit Union, and for DayMet Credit Union to provide such biometric data to its vendors and the licensor of the DayMet Credit Union’s consumer verification software.
DayMet Credit Union, its vendors, and/or the licensor of the DayMet Credit Union’s consumer verification software will not sell, lease, trade, or otherwise profit from employees’ biometric data; provided, however, that the DayMet Credit Union’s vendors and the licensor of the DayMet Credit Union’s consumer verification software may be paid for products or services used by DayMet Credit Union that utilize such biometric data.
This policy is intended to comply with all federal, state, and local laws.
Purpose for the Collection of Biometric Data
DayMet Credit Union, its vendors, and/or the licensor of DayMet Credit Union’s consumer verification software collect, store, and use biometric data solely for identity verification and fraud prevention purposes.
Disclosure
DayMet Credit Union will not disclose or disseminate any biometric data to anyone other than its vendors and the licensor of the DayMet Credit Union’s consumer verification software providing products and services using biometric data without/unless:
- First obtaining consumer consent to such disclosure or dissemination.
- The disclosed data completes a financial transaction requested or authorized by the consumer;
- Disclosure is required by law or ordinance; or
- Disclosure is required pursuant to a valid warrant or subpoena issued by a court of competent jurisdiction.
Security
DayMet Credit Union shall use a commercially reasonable standard of care to store, transmit and protect from disclosure any biometric data collected. Such storage, transmission, and protection from disclosure shall be performed in a manner that is the same as or more protective than the manner in which DayMet Credit Union stores, transmits and protects from disclosure other confidential and sensitive information, including personal information that can be used to uniquely identify an individual or an individual’s account or property, such as genetic markers, genetic testing information, account numbers, PINs, driver’s license numbers and social security numbers.
Retention
DayMet Credit Union shall retain consumer biometric data only until, and shall request that its vendors and the licensor of DayMet Credit Union’s consumer verification software permanently destroy such data when, the first of the following occurs:
- The initial purpose for collecting or obtaining such biometric data has been satisfied, such as verification of consumer identity;
- Request of consumer to destroy the biometric data; or
- Within 30 days of consumer’s provisioning of biometric data.
Contact Information
If you have any questions about our use, storage, or security of your biometric data you can contact us at (CU Email).
BIOMETRIC INFORMATION CONSUMER CONSENT
As outlined in the “Biometric Information Privacy Policy”, I understand and consent to the collection, use, retention, storage, and/or disclosure or re-disclosure of data or images from biometric verification technology by DayMet Credit Union, its vendors, and/or the licensor of the DayMet Credit Union’s consumer verification software. I acknowledge that I have been given a copy of the Policy, or that the Policy has been made accessible to me, and I have had an opportunity to review it and request any additional information concerning the DayMet Credit Union’s procedures and safeguards for collecting, maintaining, using, disclosing, sharing, storing, and/or destroying this data.
