Personal Information Privacy Protection Disclosure
Dear Valued Customer,
Murphy Bank values the privacy of its customers. Protecting the privacy and confidentiality of your personal information is imperative. At present Murphy Bank does not share nonpublic personal information about you with anyone except as described in this notice or as permitted by federal law. In order to offer you the financial products and services you seek, we collect, maintain and use information about you on a routine basis. To help you better understand how your personal information is protected at Murphy Bank, we are providing you with the following information that describes our practices and policies with respect to the privacy of customer information. In the event you terminate your customer relationship with us or become an inactive customer, we will continue to adhere to the policies and practices described in this notice.
Your right to choose or “opt out”
At present Murphy Bank has no affiliates and does not share nonpublic personal information about you with joint marketing companies or nonaffiliated third parties except as described in this notice or as permitted by federal law. Should we ever have an affiliate, federal law allows us to disclose information about our transactions or experiences with you to that affiliate. You do not have the right to “opt out” of the disclosure of this information to our affiliate(s) and we reserve the right to do so. We may also disclose other nonpublic personal information beyond our transactions and experiences with you to our affiliate or to a nonaffiliated third party. However, in that event you will be afforded the opportunity to “opt out” and tell us not to disclose that information should you choose to do so.
Information that we collect
As a trusted financial institution, we collect, retain and use nonpublic personal information about individual customers as allowed by law, to provide products and services to our customers. We may collect nonpublic personal information from such sources as:
- Credit applications and other forms.
- Information about your transactions with us, or others, and
- Information we received from a consumer-reporting agency.
Information that we share
We may disclose nonpublic personal information about you with our corporate affiliates and other nonaffiliated third parties under certain circumstances to provide account services. Any nonpublic personal information shared is conducted in strict adherence to applicable law. We do not disclose any nonpublic personal information about you to anyone except as permitted under the law.
Who receives information and why
We do not disclose any nonpublic personal information about our current or former customers to anyone, except as permitted by law. We may exchange such information with our affiliates and certain nonaffiliated third parties (under limited circumstances) to the extent permissible under law to service your account, offer you products or services we believe you may find valuable, report to credit bureaus, or manage risk.
Financial service partnerships
We may exchange limited nonpublic personal information about you to nonaffiliated financial institutions in order to offer financial products or services pursuant to a joint agreement. Such information exchanges may include:
- Information we receive from you on applications or other forms.
- Information about your transactions with us and information we receive from a consumer-reporting agency.
How we protect your information
Murphy Bank understands that the protection of your nonpublic personal information is of the utmost importance. We maintain physical, electronic and procedural safeguards that comply with federal regulations to guard your nonpublic personal information. We restrict employee access to customer information to only those who have a business reason to know such information, and we educate our staff about the importance of confidentiality and customer privacy.
Special Notice for California Residents:
In accordance with Californai Law, Murphy Bank will not share information we collect about California residents with companies outside of Murphy Bank, except as permitted by law, such as legal processes or as required to service your account. We will limit sharing within our company to the extent required by applicable California law.