Privacy Policy
At Salem Co-operative Bank, we value your trust. Your financial privacy is important to us. The Bank recognizes that customer information is important, confidential, and personal. Protecting sensitive customer information, along with our customer’s financial assets, is at the core of our business.
The Bank has adopted the attached Privacy Policy to ensure the privacy of customer information is safeguarded and protected with the highest levels of security and appropriate discretion. The need to safeguard sensitive information about our customers is critical; therefore standards and procedures of daily operations are designed to prevent misuse of this information. All employees at Salem Co-operative Bank sign a thorough confidentiality agreement upon employment and adhere to a strict code of conduct that governs the practice of protecting our customers’ data.
What your bank can share with non-affiliates
Banks can share certain types of information about you without giving you opt out rights. For example, your bank can provide the following to non-affiliates if:
- The information is needed to conduct normal bank business. For example, your bank can send personal information to outside firms that help market or deliver your bank’s products that you may not already use.
- The information protects against fraud or unauthorized transactions, or responds to a court order.
- The sharing of the information complies with federal, state, or local requirements.
Privacy Notices
The Bank’s privacy notice describes the basic categories of non-public, personal information it collects and what it shares with other companies.
All consumers must receive a privacy notice when a customer relationship is established, such as when opening a deposit account or obtaining a loan. Banks are also required to send you a new privacy notice when you obtain a new product or service with them. Most banks send a new privacy notice each year; however, your bank may not be required to do so. For example, if the bank already limits sharing customer information, or the bank has not changed its privacy notice from the one previously delivered to you.
Updates or Changes
From time to time, we may update or amend this policy and will notify you prior to those changes as required by law. You may view the most current version of this Privacy Policy here or by visiting one of our offices. We will also mail you a free copy upon request if you call us at 603-893-3333. We thank you for remaining a valued customer of Salem Co-operative Bank.
Questions
If you have additional questions about privacy, please contact us at 603-893-3333 or visit us at 3 South Broadway Salem, New Hampshire 03079.