Privacy Policy

FDIC-Insured - Backed by the full faith and credit of the U.S. Government

Privacy Policy Effective 09/2024

FACTS	WHAT DOES FIRST FEDERAL SAVING OF LORAIN 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 account balances – Transaction history and credit history – Retirement assets and checking account information When you are no longer our customer, 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 for financial companies can share their customers’ personal information; the reasons First Federal Savings of Lorain chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information			Does First Federal Savings of Lorain Share?	Can you limit this sharing?
For our everyday business purpose—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 don’t share
For our affiliates’ everyday business purposes—Information about your creditworthiness			NO	We don’t share
For nonaffiliates to market to you			NO	We don’t share
Questions?		Call toll-free 1-800-589-8850 or go to Https://www.FFLorain.bank
Who we are
Who is providing this notice?		First Federal Savings of Lorain
What we do
How does Forst Federal Savings of Lorain 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 First Federal Savings of Lorain collect my personal information?		We collect your personal information, for example, when you – Open an account or give us your income information – Provide employment information or apply for financing – Show you government issued ID. We also collect your personal information for others, such as credit bureaus, affiliates, or other companies
What 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 you information to market to you – sharing for nonaffiliates 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 nonfinancial companies. – First Federal Savings of Lorain has no affiliates.
Nonaffiliates		Companies not related by common ownership or control. They can be financial and nonfinancial companies. – First Federal Savings of Lorain does not share with nonaffiliates so they can market to you.
Joint marketing		A formal agreement between nonaffiliated financial companies that together market financial products or services to you. – Our joint marketing partner(s) include Cetera Financial Services.