SLCU Privacy Statement

Privacy Statement
Hanesbrands Credit Union value member interest in learning more about our products and services and we are committed to protecting the personal privacy of members and other visitors to our Web Site. It is our policy to collect only such personal information as is necessary for us to administer our business, provide you with quality service and offer you opportunities we think might be of interest to you. This information is not released to third parties.

HBCU Customer Identification Program "CIP Notice"

The USA Patriot Act of 2001 requires Hanesbrands Credit Union to help the government fight the funding of terrorism and money laundering activities. In order to do so we must obtain basic identifying information from you and verify that information when you open a new account.

This means Hanesbrands Credit Union staff will ask you for some basic information such as your name, address, date of birth and other information designed to help us identify you. Our staff may also ask to see documents of identification, such as a driver's license, passport or some other government-issued document. We appreciate your patience and understanding as we all do our part in complying with the new account identification procedures required by the federal USA Patriot Act of 2001.

Respectively,

Hanesbrands Credit Union

OCTOBER 26. 2001 PRESIDENT BUSH SIGNED INTO LA W 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 PATRIOT ACT REQUIRES OUR CREDIT UNION TO VERIFY THE IDENTITY OF ALL NEW CREDIT UNION MEMBERS. WE MUST ALSO VERIFY THE IDENTITY OF MEMBERS AND NON MEMBERS ADDED AS SIGNATORIES TO AND HA VB 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 MA Y 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 SOCIETY. PLEASE SPEAK WITH A CREDIT UNION STAFF MEMBER IF YOU HAVE ANY QUESTIONS OR CONCERN ABOUT OUR IDENTITY VERIFICATION PROCEDURES.