|FACTS||WHAT DOES MIAMI FIREFIGHTERS FEDERAL CREDIT UNION DO WITH YOUR PERSONAL INFORMATION?|
|What?||The types of personal information we collect and share depend on the product or service you have with us. This information can include:
When you are no longer a member, 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 Miami Firefighters Federal Credit Union chooses to share; and whether you can limit this sharing.|
|Reasons we can share your personal information||Does Miami Firefighters Federal Credit Union 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 to 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 affiliates to market to you||No||We don’t share|
|For nonaffiliates to market to you||No||We don’t share|
|Questions?||Call 305.324.4004 or go to www.mffcu.org|
|Who We Are|
|Who is providing this notice?||Miami Firefighters Federal Credit Union|
|What we do|
|How does Miami Firefighters 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.
We also maintain physical, electronic and procedural safeguards to protect your information and we limit access to information to those employees for whom access is appropriate.
|How does Miami Firefighters Federal Credit Union collect my personal information?||We collect your personal information, for example, when you
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
State law and individual companies may give you additional rights to limit sharing.
|Affiliates||Companies related by common ownership or control. They can be financial and non-financial companies.
|Nonaffiliates||Companies not related by common ownership or control. They can be financial and non-financial companies.
|Joint marketing||A formal agreement between non-affiliated financial companies that together market financial products or services to you.
Funds Availability Policy
FUNDS AVAILABILITY POLICY DISCLOSURE
This Disclosure describes your ability to withdraw funds at Miami Firefighters Federal Credit Union. It only applies to the availability of funds in transaction accounts. The Credit Union reserves the right to delay the availability of funds deposited to accounts that are not transaction accounts for periods longer than those disclosed in this policy. Please ask us if you have a question about which accounts are affected by this policy.
GENERAL POLICY — Our policy is to delay the availability of funds from your cash and check deposits. During the delay, you may not withdraw the funds in cash and we will not use the funds to pay checks that you have written.
DETERMINING THE AVAILABILITY OF A DEPOSIT — When we delay the availability of a deposit the length of the delay is determined by counting the business days from the day of your deposit. Every day is a business day except Saturdays, Sundays and federal holidays. If you make a deposit before close of business on a business day that we are open, we will consider that day to be the day of your deposit. However, if you make a deposit after the close of business or on a business day we are not open, we will consider that the deposit was made on the next business day we are open. The length of the delay varies depending on the type of deposit and is explained below.
SAME-DAY AVAILABILITY — Funds from electronic direct deposits to your account as well as funds from the following deposits will be available on the same business day that we receive the deposit:
- S. Treasury checks that are payable to you
- Wire transfers
- Checks drawn on Miami Firefighters Federal Credit Union
SAME-DAY AVAILABILITY FOR CERTAIN DEPOSITS MADE IN PERSON — Funds from the following deposits are available on the same business day that we receive your deposit, if you make the deposit in person to one of our employees:
- State and local government checks that are payable to you
- Cashier’s, certified, and teller’s checks that are payable to you
- Federal Reserve Bank checks, Federal Home Loan Bank checks, and postal money orders, if these items are payable to you
If you do not make your deposit in person to one of our employees (for example, if you mail the deposit), funds from these deposits will be available by the second business day after the day we receive your deposit.
AVAILABILITY OF OTHER CHECK DEPOSITS — The first $225.00 from a deposit of other checks will be available by the first business day after the day of your deposit. The remaining funds will be available by the second business day after the day of your deposit. For example, if you deposit a check of $700.00 on a Monday, $225.00 of the deposit will be available by Tuesday. The remaining $475.00 will be available by Wednesday.
LONGER DELAYS MAY APPLY — We may delay your ability to withdraw funds deposited by check into your account an additional number of days for these reasons:
- We believe a check you deposit will not be paid.
- You deposit checks totaling more than $5,525.00 on any one (1) day.
- You redeposit a check that has been returned unpaid.
- You have overdrawn your account repeatedly in the last six (6) months.
- There is an emergency, such as failure of communications or computer equipment.
We will notify you if we delay your ability to withdraw funds for any of these reasons and we will tell you when the funds will be available. They will generally be available no later than the seventh business day after the day of your deposit.
SPECIAL RULES FOR NEW ACCOUNTS — If you are a new member, the following special rules will apply during the first 30 days your account is open.
Funds from electronic direct deposits to your account will be available on the day we receive the deposit. Funds from deposits of cash, wire transfers, and the first $5,525.00 of a day’s total deposits of cashier’s, certified, teller’s, traveler’s, and federal, state, and local government checks will be available on the same business day that we receive your deposit if the deposit meets certain conditions. For example, the checks must be payable to you. The excess over $5,525.00 will be available on the ninth business day after the day of your deposit. If your deposit of these checks (other than a U.S. Treasury check) is not made in person to one of our employees, the first $5,525.00 will not be available until the second business day after the day of your deposit. Funds from all other check deposits will be available on the ninth business day after the day of your deposit.
DEPOSITS AT NONPROPRIETARY ATMS — Funds from any deposits (cash or checks) made at automated teller machines (ATMs) we do not own or operate will not be available until the fifth business day after the date of your deposit. This rule does not apply at ATMs that we own or operate. All ATMs that we own or operate are identified as our machines.
FOREIGN CHECKS — Checks drawn on financial institutions located outside the U.S. (foreign checks) cannot be processed the same as checks drawn on U.S. financial institutions. Foreign checks are exempt from the policies outlined in this Disclosure. Generally, the availability of funds for deposits of foreign checks will be delayed for the time it takes us to collect the funds from the financial institution upon which it is drawn.
Dormant Account Policy
DORMANT ACCOUNT POLICY
Effective May 1, 2010
Inactive Accounts – If your Share Savings Account falls below the $5.00 minimum balance required for membership, and you have not increased the balance to the required minimum within six (6) months of the date the balance fell below the required balance, you may be terminated from membership. If you have not made a withdrawal from, deposit to, or transfer involving your Share Savings Account or Share Draft Account for more than one (1) year, and we are unable to contact you during that period, the Credit Union may classify your account as a dormant account. The Credit Union may charge a monthly service fee for continuing to maintain your dormant account as set forth on the Share Account Rate and Fee Schedule. The Credit Union will notify you, as required by law, at your last known address prior to imposing any fee. You authorize the Credit Union to transfer funds from another account of yours to cover any service fees, if applicable. To the extent allowed by law, the Credit Union reserves the right to transfer the dormant account funds to an account payable and to suspend any further account statements. If your account remains dormant — and the Credit Union has had no sufficient contact with you – for a period of 5 years following the classification of your account as dormant, the account will be presumed to be abandoned under Florida law. Funds in abandoned accounts shall be reported and remitted in accordance with state law. Once funds have been remitted to the state, the Credit Union has no further liability to you for such funds and if you choose to reclaim such funds, you must apply to the appropriate state agency.