Privacy Policy
FACTS
WHAT DOES COMMODORE BANK 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
• Account Balances
• Payment History
• Credit History
• Credit Scores
• 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 financial companies can share their customers’ personal information; the reasons Commodore Bank chooses to share; and whether you can limit this sharing.
Reasons we can share your personal information
Does Commodore Bank 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.
No
We do not share
For joint marketing with other financial companies.
No
We do not share
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 nonaffiliates to market to you.
No
We do not share
What we do.
How does Commodore Bank
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. We also maintain other physical, electronic and procedural safeguards to protect this information and we limit access to information to those employees for whom access is appropriate.
How does Commodore Bank
collect my personal information?
We collect your personal information, for example, when you:
• Apply for a loan
• Apply to open an account
• Give us income information
• Provide employment information
• Give us your contact information
• Show your driver’s license
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 rights to limit sharing.
See below for more on your rights under state law.
Definitions
Affiliates
Companies related by common ownership or control. They can be financial and nonfinancial companies.
■ Commodore Financial Network Inc. (Holding Company) is our one affiliate.
Nonaffiliates
Companies not related by common ownership or control. They can be financial and nonfinancial companies.
■ Commodore Bank 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.
■ Commodore Bank doesn’t jointly market.
Other important information
For Alaska, Illinois, Maryland and North Dakota Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing – without your authorization.
For California Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing – without your authorization. We will also limit our sharing or personal information about you with our affiliates to comply with all California privacy laws that apply to us.
For Massachusetts, Mississippi and New Jersey Customers. We will not share personal information from deposit or share relationships with nonaffiliates either for them to market to you or for joint marketing – without your authorization.
For Vermont Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing – without your authorization, and we will not share personal information with affiliates about your creditworthiness without your authorization.