Trust has always been the foundation of our relationship with members.  To preserve your trust, we pledge to protect your privacy by adhering to the practice described below.  By signing any application or agreement with us, or your use or continued use of any of our services with after receiving this document, you jointly and serverally agree to the terms and conditions set forth in this Policy and Agreement.  In this Agreement the terms we, our, or us means Florence DuPont Employees Federal Credit Union; and the terms you or your means all members, consumers, borrowers and guarantors.

1. The Types of Information We Collect.  We only collect information about our members for lawful business purposes, or as otherwise required by applicable law.  We collect information about members from the following sources:  (a) Applications for services, other forms and any communications you send to us including electronic messages from which we collect your name, addresses, phone numbers, social security numbers, financial data, birth date, gender, and other information; (b) Transactions involving your accounts or services with us from which we collect information such as your name, account number, balance, payment history, parties to your transactions and credit card usage; and (c) Consumer Credit Reports from which we collect information regarding your creditworthiness, credit histroy and account activity.



2. The Types of Information We Disclose.  To benefit our members, we share the information descirbed in Paragraph 1., above within the Credit Union, and with certain trusted third parties described in thie paragraph, who are obligated to maintain the confidentiality and security of your private information.  We use the services of various third parties to assist us in offering financial services to our members.  For examples, we use the services of third parties for processing transactions using credit cards, checks, debit cards and other access devices; for assistinace in making loans, loan underwriting; processing loan applications; appraising collateral and for processing our outgoing mail.
   
   We share information with Palmetto Services Cooperative, Inc., a credit union service organization.  This company is owned by us and other Credit Unions through ownership of the South Carolina Credit Union League.  Palmetto Service Cooperative, Inc. provides the following types of services to us:  item processing and collection, statement printing, mailing services, bookkeeping and accounting, consulting and business development.
   
   We share infromation about individual members with CUNA Mutual Group (CMG), which is a diversified financial services company that serves Credit Unions and their Members.  CMG uses this information to offer insurance and/or mortgage lending services to our members.
   
   We may also share information when permitted by applicable law.



3. Security.  We are committed to taking every reasonable precaution to protect individual identifying information that you provide us.  We restrict access to nonpublic personal information about you to employees who need to know that information to provide products or services to you.  We also maintain physical, electronic and procedural safegaurds that comply with federal regulations to guard your nonpublic personal information.



4. Notices and Joint Relationships.  Except where expressly required by applicable law, we will provide all notices to the person (member) listed first on any application, agreement or other relevant document with us.  The notice will be mailed to the address noted for said person on the application, agreement or other document.  All joint owners, borrowers and guarantors agree to the receipt and sufficiency of any notice or notification sent according to this paragraph.



5. Modification.  The Credit Union reserves the right to modify, change or amend this Privacy Policy and Agreement at any time without notice other than as expressly required by applicable law.

The Board of Directors approved and adopted this policy on March 15, 2004.