Privacy Policy

FACTS WHAT DOES PARKSIDE 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 Income
  • Account Balances and Payment History
  • Credit History and Credit Scores
How? All financial companies need to share members’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their members’ personal information; the reasons Parkside Credit Union
chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information Does Parkside 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 No We do not share
For our affiliates’ everyday business purposes – information about your creditworthiness No We do not share
For our affiliates to market to you No We do not share
For non-affiliates to market to you No We do not share
Questions? Call 734.525.0700, or  www.ParksideCU.org
Who We Are
Who is providing this notice? Parkside Credit Union
What We Do
How does Parkside 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 Parkside Credit Union collect my personal information? We collect your personal information, for example, when you
  • Open an Account or deposit money
  • Pay your bills or apply for a loan
  • Use your credit or debit card
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 nonaffiliates to market to you
State laws and individual companies may give you additional right to limit sharing.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and non-financial companies.
Nonaffiliates Companies not related by common ownership or control. They can be financial and non-financial companies.
Joint marketing A formal agreement between non-affiliated financial companies that together market financial products or services to you.
Other Important Information
For more information on our Privacy Policy, you may write us at 36525 Plymouth Rd., Livonia, MI
48150, or call us at 734.525.0700 or visit our website at www.ParksideCU.org

Effective Date: 6/1/2023

BIOMETRIC INFORMATION PRIVACY POLICY AND CONSENT

Scope and Overview

This policy outlines how Parkside Credit Union, its vendors, and/or the licensor of the
Parkside 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 Parkside Credit Union, its vendors, and/or the licensor of the Parkside
Credit Union’s consumer verification software collect, capture, or otherwise obtain
biometric data relating to a consumer, Parkside Credit Union must first:

  • Inform each consumer that Parkside Credit Union, its vendors, and/or the
    licensor of the Parkside Credit Union’s consumer verification software are
    collecting, capturing, or otherwise obtaining the employee’s biometric data, and
    that the Parkside Credit Union is providing such biometric data to its vendors and
    the licensor of the Parkside 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 Parkside Credit Union, its vendors,
    and/or Parkside Credit Union’s consumer verification software to collect, store,
    and use the consumer’s biometric data for the specific purposes disclosed by the
    Parkside Credit Union, and for Parkside Credit Union to provide such biometric
    data to its vendors and the licensor of the Parkside Credit Union’s consumer
    verification software.

Parkside Credit Union, its vendors, and/or the licensor of the Parkside Credit Union’s consumer verification software will not sell, lease, trade, or otherwise profit from employees’ biometric data; provided, however, that the Parkside Credit Union’s vendors and the licensor of the Parkside Credit Union’s consumer verification software may be paid for products or services used by Parkside 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

Parkside Credit Union, its vendors, and/or the licensor of Parkside Credit Union’s
consumer verification software collect, store, and use biometric data solely for identity verification and fraud prevention purposes.

Disclosure

Parkside Credit Union will not disclose or disseminate any biometric data to anyone
other than its vendors and the licensor of the Parkside 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

Parkside 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 Parkside 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

Parkside Credit Union shall retain consumer biometric data only until, and shall request
that its vendors and the licensor of Parkside 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 734.525.0700.

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 Parkside Credit Union, its vendors,
and/or the licensor of the Parkside 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 Parkside Credit Union’s procedures and
safeguards for collecting, maintaining, using, disclosing, sharing, storing, and/or
destroying this data.