Privacy Statement

Member Privacy Notice

Homestead Federal Credit Union is owned by its members and is run by a board of directors that the members elect.  Be assured that your financial privacy is a top priority of this credit union.  We are required by law to provide this notice to explain how we collect, use, and safeguard your personal financial information.  If you have any questions, please call the credit union office at 406-259-7052 or 800-336-4724.

We are committed to providing you with competitive products and services to meet your financial needs, which necessitates that we share information about you to complete your transactions and to provide you with certain financial opportunities.  In order to do so, we have entered into agreements with other companies that provide either services to us or additional financial products for you to consider.

Under these arrangements, we may disclose all of the information we collect, as described below, to companies that perform marketing or other services on our behalf or to other financial institutions with whom we have joint marketing agreements.  To protect our members’ privacy, we work solely with companies that agree to maintain strong confidentiality protections and to limit the use of information we provide.  We do not permit these companies to sell the information we provide to third parties.

Information We Collect and Disclose About You

We collect and may disclose nonpublic personal information about you from the following sources:

  • Information we receive from you on membership and loan applications and other forms;
  • Information about your transactions with us or others;
  • Information we receive from consumer reporting agencies;
  • Information obtained when verifying the information you provide on an application or other forms, such as from your current or past employers, or from other institutions where you conduct financial transactions.

We may also disclose information we collect about you under other circumstances as permitted or required by law.  These disclosures typically include information to process transactions on your behalf, to conduct the operations of our credit union, to follow your instructions as you authorize, or to protect the security of our financial records.  If you terminate your membership, we will continue to adhere to the privacy policies and practices as described in this notice.

How We Protect Your Information

We restrict access to nonpublic personal information about you to those volunteers and employees who have a specific business purpose in utilizing your data.  Our employees are trained in the importance of maintaining confidentiality and member privacy.  We maintain physical, electronic, and procedural safequards that comply with federal regulations and leading industry practices to safequard your nonpublic personal information.