ASHEVILLE POSTAL CREDIT UNION

MEMORANDUM

Asheville Postal Credit Union
Notice of Privacy Policy
April 2001

Asheville Postal Credit Union is committed to providing our members with competitive products and services to meet your financial needs. We are also committed to protecting the privacy of our membership. This policy covers our practices regarding the safeguarding of your personal information. This policy is provides to you as required by law.

Asheville Postal Credit Union does not disclose any non-public personal information about our members, except as permitted or required by law.

Asheville Postal Credit Union restricts access to our member’s non-public personal information only to those staff members that have a legitimate business need to access the information. We maintain physical and electronic safeguards and policies that comply with Federal regulations to ensure the security of your non-public personal information.

On October 26, 2001, President Bush signed into law the USA Patriot Act. The purpose of this law is to help protect you, your family and our country from terrorism by preventing terrorist financing. We want you to know that section 326 of the Act requires our credit union to verify the identity of all new credit union members. We must also verify the identity of members and nonmembers added as signatories to and have access to new or existing deposit accounts and loans. We must also retain copies of documents used to verify your identity.

If you are an existing member who joined the credit union before the USA Patriot Act rules became effective we may also need to verify and retain copies of any documents used to verify your identity when you request a new deposit account, apply for a loan or are added as a signatory to a new or existing deposit or loan account.

We ask for your understanding as we work to support these efforts to maintain the security of your funds and our country. Please speak with a credit union staff member if you have any questions or concerns about our identification policies.

Copyright 2002 CUNA Mutual Group