Privacy Policy

What does Somerset Federal Credit Union do with your personal information?


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.


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

Transaction History

Credit History

Account Transactions

Checking Account Information

When you are no longer our member, we continue to share your information as described in this notice.


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 Somerset Federal Credit Union chooses to share; and whether you can limit this sharing.

Reasons We Can Share Your Personal Information

Reason Does SFCU share? Can we limit this sharing?
For 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 Marketing Purposes
(To offer our products and services to you.)
Yes No
For Joint Marketing with Other Financial Companies No
For Our Affiliates’ Everyday Business Purposes
(Information about your transactions and experiences.)
For Our Affiliates’ Everyday Business Purposes
(Information about your creditworthiness.)
For Nonaffiliates to Market to You No


What We Do

How does Somerset Federal 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 Somerset Federal Credit Union collect my personal information?

We collect your personal information, for example, when you:

Open an account.

Apply for financing.

Pay your bills.

Make a wire transfer.

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 rights to limit sharing. See below for more on your rights under state law.



Companies related by common ownership or control. They can be financial and nonfinancial companies.

Somerset Federal Credit Union has no affiliates.


Companies not related by common ownership or control. They can be financial and nonfinancial companies.

Somerset Federal Credit Union does not share with nonaffiliates.

Joint Marketing

A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

Somerset Federal Credit Union does not jointly market.

Other Important Information

For Massachusetts Members. We will not share personal information from deposit or share relationship with nonaffiliates either for them to market to you or for joint marketing – without your authorization.