Privacy Policy & Disclosures

Privacy Statement

A Private Note to Our Members:

Gabriels Community Credit Union is owned by its members and run by a Board of Directors elected by the membership. You can be confident that your financial privacy is a top priority of this credit union.

Information We Collect
We collect nonpublic personal information from many sources, including member applications and other applications for products and services, from those who do business with us or with our vendors, and from consumer reporting agencies. The Credit Union will collect only the personal information that is necessary to conduct our business.

Information We Disclose
We do not disclose or sell information to non-affiliated businesses or third parties desiring access to our member information. We may disclose information we collect about you under circumstances as permitted or required by law. These disclosures typically include information to process transactions on your behalf, conduct the operations of our credit union, follow your instructions as you authorize, or protect the security of our financial records.

We are committed to provide you with competitive products and services to meet your financial needs, which necessitates that we share information about you with our affiliates, to complete your transactions and to provide you with certain financial opportunities. We have also entered into agreements with other companies that provide either services to us or additional financial products for you to consider. Under these agreements, we may disclose information we collect to companies that perform marketing or other services on our behalf or to other financial institutions with whom we have joint marketing agreements. To protect your privacy, we require these companies to agree to maintain strong confidentiality protections and we prohibit their use of this information other than to carry out the purposes for which it is disclosed.

If you terminate your membership with GCCU, we will not share information we have collected about you, except as permitted or required by law.

Steps We Take To Protect Your Information
We restrict access to nonpublic personal information about you to those employees who have a specific business purpose in utilizing your data. Our employees, members of the Board of Directors and Committee Members shall maintain confidentiality and member privacy. We maintain physical, electronic, and procedural safeguards that comply with federal regulations and industry practices to safeguard your nonpublic personal information.

Linking to Other Web Sites
Gabriels CCU is not responsible for the content of any third party Web site or the privacy practices of such third parties. In addition, a link from our Web site to another Web site does not indicated that Credit Union endorses the services or policies of such third party Web site. You should always investigate the information practices of all Web sites that you access and carefully examine the privacy policies, if any, of the Web sites appearing on or linking to or from our Web site. Information collected from the linked Web sites will be subject to the information practices of those Web sites.

A note about Cookies: The Gabriels website uses HTTP cookies used for authenticating, session tracking (state maintenance), and maintaining specific information about users, such as site preferences and login information.
What is a Cookie? ‘HTTP cookies’, more commonly referred to as Web cookies, or just cookies, are parcels of text sent by a server to a Web client (your browser) and then sent back unchanged by the client each time it accesses that server.

Third Party Websites: Gabriels CCU utilizes third party websites to deliver and process information. The GCCU website also includes links to websites wholly independent of Gabriels Community Credit Union. When you click a link on the GCCU website that points to a third party website you will see a message informing you accordingly.

Security Statement

Gabriels Community Credit Union is constantly concerned about our members’ critical information and privacy. With this in mind, we have the following security services in place through CU*Answers:

Each server is behind a Firewall. Hardware products block critical ports and IP addresses on servers from external attack and access.
Each server runs proprietary software that constantly monitors the servers for unauthorized use and attempts to “hack” into information. Administrators are contacted when forced attacks are committed, and countermeasures can be applied to stop these instances.
All administrative activity requires user login and authentication. All administrative updates are logged into files that can be reviewed later.
All servers come with a Global Verisign Certificate (RSA) for digitally encrypted communications between the Web server and your member. Information passed in applications cannot be decrypted by third parties attempting to “pick” information being passed across the Internet backbone.
All servers run the latest version, considered the strongest and most secure Web server software on the market.

Online Home Banking Disclosure and Agreement

Please read the following disclosure for Gabriels Community Credit Union Online Banking Use Agreement.

Mobile Deposit Service Agreement

Please read the following disclosure for Gabriels Community Credit Union Mobile Deposit Service Agreement.

Truth In Savings Policy

Revised by GCCU Board of Directors February 16, 2009

REGULAR SHARE ACCOUNT

Rate Information: The dividend rate and APY may change at any time, as determined by the credit union Board of Directors. To see credit rates members may ask for a rate sheet or visit www.gabrielscu.com.

Compounding and Crediting: Dividends will be compounded quarterly and will be credited quarterly. For example, the beginning of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of the dividend period, and for the example given is April 1. If you close this Regular Share Account before dividends are paid, you will not receive dividends.

Minimum Balance Requirements: To be a member and maintain accounts at our Credit Union, you must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. The minimum balance required to open this account is $5.00. You must maintain a minimum average daily balance of $100.00 in your account to receive dividends.

Balance Computation Method: Dividends are calculated by the average daily balance method, which applies a daily periodic rate to the principal in your account each day. The average daily balance is determined by adding the full amount of the principal in the account for each day of the period and dividing that figure by the number of days in the period.

Accrual of Dividends: Dividends will begin to accrue on the business day you deposit non-cash items to your account.

Nature of Dividends: Dividends are paid from current income and available earning, after required transfers to reserves at the end of a dividend period.

Transaction Limitations: During any statement period, you may not make more than six withdrawals or transfers to another Credit Union account of yours or to a third party by means of a preauthorized or automatic transfer or telephonic order or instruction. The credit union reserves the right to require a member intending to make a withdrawal from any account, except a share draft account, to give written notice of such intent not less than seven days and up to sixty days before such withdrawal.

CHRISTMAS AND VACATION ACCOUNTS

Compounding and Crediting: Dividends will be compounded quarterly and will be credited quarterly. For example, the beginning of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of the dividend period, and for the example given is April 1. If you close a Christmas or Vacation Account before dividends are paid, you will not receive dividends.

Accrual of Dividends: Dividends will begin to accrue on the business day you deposit non-cash items to your account.

Nature of Dividends: Dividends are paid from current income and available earning, after required transfers to reserves at the end of a dividend period.

INDIVIDUAL RETIREMENT ACCOUNTS

Compounding and Crediting: Dividends will be compounded quarterly and will be credited quarterly. For example, the beginning of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is March 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of the dividend period, and for the example given is April 1. If you close this IRA Account before dividends are paid, you will not receive dividends.

Accrual of Dividends: Dividends will begin to accrue on the business day you deposit non-cash items to your account.

Nature of Dividends: Dividends are paid from current income and available earning, after required transfers to reserves at the end of a dividend period.

Transaction Limitations: IRA withdrawals are subject to limitations and penalties may be imposed by the Internal Revenue Service. Please see your IRA agreement or your tax advisor for additional information. The Credit Union reserves the right to require a member intending to make a withdrawal from any account, except a share draft account to give written notice and such intent not less than seven days and up to sixty days before such withdrawal.

MONEY MARKET ACCOUNTS

Rate Information: The dividend rate and APY may change at any time based on board of directors determination. These account are tiered which means they pay different dividend rates corresponding to applicable account tiers and on the applicable balance in each tier. The applicable tiers, dividend rate and APY for each tier will be posted on the credit union rates sheets and can be obtained from any member service representative or by visiting www.gabrielscu.com.

Compounding and Crediting: Dividends will be compounded monthly and will be credited monthly. For example, the beginning of the first dividend period of the calendar year is January 1 and the ending date of such dividend period is January 31. All other dividend periods follow this same pattern of dates. The dividend declaration date follows the ending date of the dividend period, and for the example given is February 1. If you close a Money Market Account before dividends are paid, you will not receive dividends.

CERTIFICATE OF DEPOSIT

Compounding and Crediting: Interest shall begin to accrue when this Certificate is issued, or in the case of subsequent deposits (if permitted), the date such subsequent deposits (whether cash or noncash) are received. Interest will be paid quarterly. They will be compounded to this Certificate quarterly and available for withdrawal without penalty. (Note that the APY shown above assumes that dividends earned will remain on deposit until maturity. A withdrawal prior to maturity will reduce earnings.)

Minimum Balance Requirements: To be a member and maintain accounts at our Credit Union, you must purchase 1 share in the Credit Union. The par value of a share in this Credit Union is $5.00. The minimum balance required to open this account is $500. You must maintain a minimum average daily balance of $500.00 in your account to receive dividends.

Transactional Limits: Additional deposits to this Certificate prior to maturity are not allowed.

Early Withdrawal Penalty and Grace Period Information: There is a ten (10) day grace period for withdrawals from this Certificate after it matures. If this Certificate is presented for payment on its maturity date or within ten (10) days thereafter, no penalty shall be imposed but no dividends shall be earned after the maturity date. If this Certificate is to be presented for payment before maturity or more than ten (10) days after maturity, sixty (60) days prior notice must be furnished to the Credit Union. When such prepayment occurs, the prepayment penalty indicated below shall apply:

Renewal Information: If this Certificate is not presented for payment on its initial or any subsequent renewal date, it will automatically be renewed from its last maturity date for the amount months for which it was originally purchased, unless the Credit Union shall, prior to maturity, give written notice to the Owner(s) that it will not be renewed. The interest rate to be paid upon renewal shall be determined by the Credit Union at or before maturity, and written notice of the renewal rate shall be given to the Owner(s) no later than two (2) days after maturity. All other terms and conditions, including the length of the term of the Certificate shall be the same as provided herein unless the Credit Union shall, prior to maturity, give written notice of a change in such terms and conditions.

SHARE DRAFT (CHECK) ACCOUNT

Dividends: No dividends are paid on this account.

Minimum Balance Requirements: There is no minimum balance required to open this account. However, to be a member and maintain account at out Credit Union, you must purchase one share in the Credit Union. The par value of a share in this Credit Union is $5.00.

Overdraft Protection from Savings: In the event a check is presented for payment and there are not sufficient funds in the account, a transfer will be made automatically from your savings account to cover the check if funds are available. There is a $3.00 charge for this service. Due to Federal Regulations, you are only allowed six automatic and electronic transactions per month from your Savings Account.

Transaction Limitation: No transaction limitations apply to this account, unless otherwise stated in your account agreement with the Credit Union.

Abuse of Account: Any account that falls to a negative balance due to NSF activity from either share drafts or ATM/DEBIT card activity may be closed without notice at anytime

Fees: Please refer to fee schedule

Fee Schedule

Gabriels Community Credit Union Fee Schedule

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