Privacy

The Board of Directors and Management of Security Savings Bank understand the importance of personal privacy. In the interest of protecting the privacy of our customers, the Board has adopted the following policy:

Customer Expectations

Our customers expect privacy and security for their personal and financial affairs. The bank must take all the necessary steps to safeguard sensitive information that has been entrusted to us by our customers. To that end, the bank has adopted the following standards and procedures intended to prevent misuse of customer information.

Permissible Reasons to Collect and Maintain Information About Our Customers

The bank will collect, retain, and use information about our customers only when the bank believes it will help administer our business or provide products, services, and other opportunities to customers. The bank will collect and retain information about customers only for specific business purposes. If the bank does so, the bank will tell our customers why we must gather the information. It is the policy of Security Savings Bank to use customer information to protect and administer customer records, accounts, and funds. The bank must also collect certain information to comply with certain laws and regulations. Finally, the bank may use the information to create new products or improve existing products, services, and delivery systems.

Types of Information the Bank Collects

Security Savings Bank will collect, maintain and use various types of nonpublic personal information about our customers, including the following:

• Information we receive from customers on applications and other forms, such as name, address, Social Security number, assets, and income;
• Information about customers' transactions with us, our affiliates, or others, such as account balances, payment history, names of parties to transactions, or credit card usage; and
• Information we receive from a consumer reporting agency, such as information relating to credit worthiness or credit history.

Information the Bank May Share

By law, the bank may disclose certain personally identifiable information without allowing consumers the right to opt out of our sharing agreements. We may disclose nonpublic personal information about our customers to our corporate affiliates and other nonaffiliated third parties under certain circumstances in order to provide bank account services. We will not disclose any nonpublic personal information about our customers to anyone except as permitted under law. The bank will not reveal specific information about customer accounts or other nonpublic personally identifiable data to parties other than affiliated banks and companies for their independent use unless any of the following occur:

• The customer requests or authorizes it;
• The information is provided to help complete a transaction initiated by the customer.
• The information is provided to a reputable credit bureau or similar information reporting agency; and
• The disclosure otherwise is lawfully permitted or required.

We may exchange customer information with affiliates or certain nonaffiliated third parties under limited circumstances, to the extent permissible under law, in order to service a customer's account, offer them products or services, manage risk, or in connection with other financial services and activities. To provide our customers with products or services that we believe may meet their financial needs, we may exchange limited nonpublic personal information about them with nonaffiliated firms that conduct marketing services on our behalf or with other financial institutions in order to offer financial products or services under a joint agreement.