FACTS

WHAT DOES FIRST FEDERAL SAVING OF LORAIN DO WITH YOUR PERSONAL INFORMATION?

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Why?

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.

What?

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 and account balances

-Transaction history and credit history

-Retirement assets and checking account information

When you are no longer our customer, 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 for financial companies can share their customers’ personal information; the reasons First Federal Savings of Lorain chooses to share; and whether you can limit this sharing.

Reasons we can share your personal information

Does First Federal Savings of Lorain Share?

Can you limit this sharing?

For our everyday business purpose—

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 our marketing purposes—

To offer our products and services to you

YES

NO

For joint marketing with other financial companies

NO

We don’t share

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 nonaffiliates to market to you

NO

We don’t share

Questions?

Call toll-free 1-800-589-8850 or go to Https://www.FFLorain.bank

Who we are

Who is providing this notice?

 First Federal Savings of Lorain

What we do

How does Forst Federal Savings of Lorain 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 First Federal Savings of Lorain collect my personal information?

We collect your personal information, for example, when you

- Open an account or give us your income information

- Provide employment information or apply for financing

- Show you government issued ID

We also collect your personal information for others, such as credit bureaus, affiliates, or other companies

What 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 you 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.

Definitions

Affiliates

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

-First Federal Savings of Lorain has no affiliates.

Nonaffiliates

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

-First Federal Savings of Lorain does not share with nonaffiliates so they can market to you.

Joint marketing

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

-First Federal Savings of Lorain doesn’t jointly market.