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Overview
At Illini Bank, the basis of each
customer relationship is trust. We know that whether you are an
existing customer, or considering doing business with Illini
Bank, you have an interest in how we collect, retain and use
information about you and your relationship with us.
We have an obligation to honor your trust, beginning with
protecting the confidential information you share with us. We
believe that your privacy should not be compromised. At the same
time, we want to offer you the array of financial products and
services you need to accomplish your financial goals. We believe
we can do both through the privacy policy outlined below.
Customer Privacy Principles
At Illini Bank, we believe the confidentiality and protection of
customer information is one of our fundamental responsibilities.
While information is critical to providing quality service, we
recognize that one of our most important assets is our
customers' trust. The Privacy Principles below have been
endorsed by the major banking groups, of which Illini Bank is a
member. We use these Privacy Principles to guide us in dealing
with customer information. Following, is the type of information
Illini Bank collects, how it is used, and with whom and under
what circumstances it will be shared.
Information We Collect at Illini
Bank
We accumulate information about our
customers from a variety of sources. For loan and deposit
accounts, we gather information regarding your financial status,
employment, income etc. This information comes from you
voluntarily, in person, by mail, or through our web site. Illini
Bank develops other data as a function of providing a product or
service for you. Additional information is obtained from outside
sources, such as credit bureaus and other creditors. We may also
obtain demographic and household information about you from
specialized firms.
Maintenance of Accurate Information
Illini Bank has established procedures
so that a customer's financial information is accurate, current
and complete in accordance with reasonable commercial standards.
Should you believe that our records are incorrect, please notify
us and we will investigate and correct any information.
How We Use This Information
We collect, retain, and use
information about you only where we reasonably believe that it
will help us to: mitigate potential risks or loss to Illini
Bank; protect and administer your records, accounts and funds;
comply with certain laws and regulations; help us design or
improve our products and services; or understand your financial
needs so that we can provide you with quality products and
superior service.
Limitations on Employee Access to
Information
At Illini Bank, employee access to
personally identifiable customer information is limited to those
with a business reason to know such information, either to
assist you in the completion of transactions or in the sale of
additional financial services. Employees are educated on the
importance of maintaining the confidentiality of customer
information and on these Privacy Principles. Because of the
importance of these issues, all Illini Bank employees are
responsible for maintaining the confidentiality of customer
information and employees who violate these Privacy Principles
will be subject to disciplinary actions
Protection of Information via
Established Security Procedures
At Illini Bank, we are committed to
the privacy and security of your financial and personal
information. All of our operational and data processing systems
are in a secure environment that protects your account
information from being accessed by third parties. We safeguard
information according to established standards and procedures.
Restrictions on the Disclosure of
Account Information
It is the bank's policy not to reveal
specific information about customer accounts or other
identifiable data to unaffiliated third parties for their
independent use, except for the exchange of information with
reputable information reporting agencies to maximize the
accuracy and security of such information, unless the
information is provided to help complete a customer initiated
transaction; the customer requests or permits it; or the
disclosure is required by or allowed by law (e.g., subpoena,
investigation of fraudulent activity, request by regulator,
etc.)
Joint Marketing
We may
disclose all of the information we collect as described above to
companies that perform marketing services on our behalf or to
other financial institutions with whom we have joint marketing
agreements. You do not have a right to opt out of the disclosure
of this information.
Types of Businesses
We may disclose
information pursuant to joint marketing agreements to the
following types of businesses:
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Financial service providers
Providing Privacy Information to
Customers and Responding to Inquiries
At Illini Bank, we recognize and
respect the privacy expectations of our customers. We want you
to understand the commitment to privacy in our use of customer
information. As a result of this commitment, we have adopted
this Privacy Policy, which is made readily available to you, the
customer.
If there are any questions about
this Privacy
Notice, or a question about the privacy of customer
information call the Illini Bank at 217-787-5111 or
1-888-455-4641 or write to us at Illini Bank, Compliance
Department, 3200 West Iles Avenue, Springfield, Illinois 62707.
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