Security & Terms
HCFCU Is Insured
Each member’s deposits are federally insured to $250,000 by the National Credit Union Administration (NCUA). Additionally, Individual Retirement Account (IRA) deposits are separately insured to $250,000. Health Care Family Credit Union also offers members an additional $250,000 in Excess Share Insurance. There is no safer place for your money!
Credit unions are chartered under either federal or state law. Federally-chartered credit unions are regulated by the NCUA, an independent agency of the U.S. Government. NCUA's three board members are nominated by the President and confirmed by the Senate. State-chartered credit unions are regulated by their state credit union department. NCUA administers the federal insurance fund (NCUSIF), which covers all federal credit unions and most state-chartered credit unions. No taxpayer money is used for regulating and overseeing federal credit unions, as all activities of NCUA and the NCUSIF are funded by credit unions.
Information We Collect and Disclose About You
We collect and may disclose the following nonpublic personal information:
- 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 a consumer reporting agency
- 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, conduct the operations of our credit union, follow your instructions as you authorize or protect the security of our financial records.
If you terminate your membership with Health Care Family Credit Union, we will not share information we have collected about you, except as permitted or required by law.
How We Protect Your Information
We restrict access to nonpublic personal information about you to those 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 safeguards that comply with federal regulations and leading industry practices to safeguard your nonpublic personal information.