LATAH FEDERAL CREDIT UNION
PRIVACY NOTICE
June 14, 2007

Latah Federal Credit Union is committed to making available financial products and services that will enable our members to meet their financial needs and reach their financial goals. Protecting personal information and using it in a manner consistent with your expectations is a high priority for everyone associated with our credit union. The following privacy principles were established to maintain the security, integrity and confidentiality of your personal financial information. We are required by law to give you this privacy notice to explain how we collect, use and safeguard your personal financial information. If you have any questions, please contact a member service representative at 208-882-0232.

THE TYPE OF INFORMATION WE COLLECT

We routinely collect and retain the information we obtain from your account applications, transaction history (for deposits, loans, credit cards, etc.) and from consumer reports. This information helps us:

To establish and administer your accounts. (Example: We ask for personally identifying information to protect your accounts from fraud.)

To satisfy certain regulatory requirements. (Example: When you open an account that pays interest, we are required by the Internal Revenue Service to obtain your social security number.)

Better understand you so that we may provide you with additional or improved products and services. (Example: We require information concerning your credit history and your assets to determine if you qualify for loan approval.)

However, we will NOT ask for or to confirm confidential information, such as user names, passwords, credit card numbers, social security numbers or account numbers by email. You should call the credit union if you receive email of this nature that appears to be sent to you from us.

We do not share the nonpublic personal information of our current or previous members and nonmember customers with affiliates or nonaffiliated third parties except as permitted or required by law.

Access to your personally identifiable financial information is limited to employees with a specific business reason for utilizing this data. Our employees are educated about the importance of maintaining confidentiality and member privacy. If necessary, we take appropriated disciplinary steps to enforce our employees’ responsibility to protect your very personal information.

In order to prevent unauthorized access to your information we maintain security standards and procedures that conform with applicable regulations and industry practices. These security standards and procedures are routinely tested to verify the integrity of our systems.

If you terminate your membership or become an inactive member, we will adhere to the privacy policies and practices as described in this notice.