Privacy Policy
Recognition
of Customers’ Expectations of Privacy
Our
customers’ trust is our most important asset.
We understand that a key to maintaining that trust is
meeting our customers’ concerns about the privacy of
nonpublic personal financial information.
Nonpublic personal financial information is
non-publicly available information about an individual who
applies for or receives a financial product or service from
us for personal, family or household purposes.
We recognize that our customers are concerned about
the confidentiality and security of nonpublic personal
financial information and expect us to obtain, keep and use
the information in an appropriate and responsible fashion.
Doing so is a responsibility we take seriously.
Obtaining,
Keeping and Using Information
Obtaining,
keeping and using information is the core of our business
because we must do those things to serve our customers in
their financial relationships with us.
We obtain, keep and use many types of information,
including nonpublic personal financial information.
But we limit the obtaining, keeping and use of
nonpublic personal financial information to lawful
information we believe useful in conducting our business,
complying with applicable law, providing quality service to
consumers and offering products, services and opportunities
to consumers.
Maintenance
of Accurate Information
We
recognize that it is important to our customers that we
maintain the accuracy of information concerning their
financial relationships with us, and we have established
procedures to maintain the accuracy of the information in
accordance with reasonable commercial standards. The procedures include responding in a timely manner to a
request from one of our customers to correct any information
concerning his or her financial relationships with us that
he or she believes is incomplete, not current or otherwise
inaccurate and taking steps to correct the information if we
determine it to be inaccurate.
Limiting
Employee Access to Information
We
educate our employees on the importance of maintaining the
confidentiality and security of nonpublic personal financial
information. We
limit access by our employees to nonpublic personal
financial information to employees who have a business
reason for knowing the information and who have been trained
in the proper handling of the information.
We have established procedures to protect against
unauthorized access to nonpublic personal financial
information by our employees.
Under the procedures, any of our employees who obtain
unauthorized access to nonpublic personal financial
information is subject to appropriate disciplinary
procedures.
Protection
Against Unauthorized Access to Information
We
recognize the importance of providing safeguards on access
to nonpublic personal financial information.
Consequently, we have established security procedures
and physical and electronic measures to protect against
unauthorized access to nonpublic personal financial
information.
Restrictions
on Disclosure of Information
We
do not disclose nonpublic personal financial information to
nonaffiliated third parties (including government agencies)
except as allowed by and in accordance with applicable law.
Examples of circumstances in which we may disclose
nonpublic personal financial information of a consumer to a
nonaffiliated third party are:
1.
For purposes of credit reporting,
credit verification, risk management or dispute resolution;
2.
To complete a transaction requested or
authorized by the consumer;
3.
As authorized to by the consumer;
4.
To protect the confidentiality or
security of records relating to the consumer, an account of
the consumer or a transaction involving the consumer;
5.
To prevent fraud or an unauthorized
transaction;
6.
To comply with applicable law in
connection with a legal proceeding or governmental
investigation or examination; and
7.
As described below in the section
entitled “Maintaining Customer Privacy in Business
Relationships With Nonaffiliated Third Parties.”
Maintaining
Customer Privacy in Business Relationships With Nonaffiliated
Third Parties
To
serve customers in their financial relationships with us, we
occasionally contract with nonaffiliated third parties (for
example, check-printing and data processing companies) to
perform services for us. We disclose nonpublic personal financial information to those
nonaffiliated third parties but only to the extent necessary
for them to perform those services, and we require them to
keep and use the information only as we intend it to be kept
and used and to disclose it only as allowed by and in
accordance with applicable law.
No
Disclosure of Information for Marketing Purposes
We
do not disclose any nonpublic personal financial information
to nonaffiliated third parties for marketing purposes.
Disclosure
of Privacy Policy to Consumers
This Privacy Policy is readily
available to consumers. Consumers
can call us at 518-234-4397, write us at 857 East Main Street,
Cobleskill, NY 12043, or contact us at info@bankrich.com
with any questions concerning this Privacy Policy.
This Privacy Policy applies only to
individuals as consumers and not as operators of a business
and does not apply to corporations and other organizations.
We reserve the right to change this Privacy Policy, and
any procedure referred to in this Privacy Policy, at any time
without any notice. This
Privacy Policy is for general guidance and does not constitute
a contract, create any legal right, or change any agreement
between us and any of our customers or anyone else.
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