Privacy Policy

Privacy Policy

Background


Federal law gives consumers the right to limit some but not all sharing of consumer personal information. Federal law also requires companies to tell users how they collect, share, and protect this personal information. Lenders Cooperative’s Privacy Policy governs the practices and procedures that Lenders Cooperative uses to safeguard the personally identifiable information it may gather during the course of business. Lenders Cooperative reserves the right to change this Policy and related disclosures from time to time.

Purpose

Lenders Cooperative is committed to treating and using personally identifiable information it collects from users of Lenders Cooperative’s family of Websites (collectively, the Site), as well as activities related to
products and services Lenders Cooperative offers to its clients. This Privacy Policy governs what information Lenders Cooperative collects, why we collect it, how we protect it, and how and why in certain cases we may
share it with select other parties.

Lenders Cooperative is not a regulated entity; however, we support many customers who are. Accordingly, this policy and its associated guidance, procedures, and processes are designed to support regulatory-compliant practices within Lenders Cooperative as well as meet industry expectations in this area.

Ownership

This policy and any related guidance are owned and managed by Lenders Cooperative’s CEO.

Scope and Applicability

This policy and any supporting controls, processes, and procedures, apply to personally identifiable consumer information obtained by Lenders Cooperative through activities it controls directly or via information assets owned, supported, serviced, or operated by Lenders Cooperative.

The policy and any supporting controls, processes, and procedures also applies to associates who have access to the above information, including contractors and external third-party vendors that provide, use, or access this data in their interactions for, in conjunction with, or on behalf of Lenders Cooperative.

Disclosure or dissemination of Allocore Privacy Policy

Lenders Cooperative will disclose its privacy policy to potentially impacted consumers in a manner appropriate to the type and nature of the interaction or transaction during which Lenders Cooperative directly could collect PII, either individually or in aggregate. The type, nature, and content of this disclosure may change from time to time.

Release of Information

Lenders Cooperative does not sell, trade, or rent PII to others; however, Lenders Cooperative may be required by law enforcement or judicial authorities to provide PII to the appropriate governmental authorities. In such cases, Lenders Cooperative will disclose PII upon receipt of a court order, subpoena, or to cooperate with a law enforcement investigation. Lenders Cooperative fully cooperates with law enforcement agencies in identifying those who use our services for illegal activities. We reserve the right to report to law enforcement agencies any activities that we in good faith believe to be unlawful.

Responsibilities of associates

All associates are expected to read, review, and understand this policy, regardless of their roles within the organization. Failure to adhere to the requirements of this policy and its associated guidance, processes, and practices may result in disciplinary action up to and including termination.

Responsibilities of contractors and third-party vendors

This policy, or a summary thereof, is provided to or may be incorporated into agreements with contractors and third-party vendors. Failure to adhere to the requirements of this policy and its associated guidance, processes, and practices


Other Related Policies or Documents

Lenders Cooperative Privacy Policy Disclosure Statement