Privacy

Privacy Policy

It is the policy of this institution to respect the privacy of our customers and to protect the security and confidentiality of their non-public personal information.

Revised September 2015
FACTS What does South Ottumwa Savings Bank do with your personal information?
Why? Financial companies choose how they share your personal information. Federal law gives consumers the right to limit some but not all sharing. Federal law also requires us to tell you how we collect, share, and protect your personal information. Please read this notice carefully to understand what we do.
What? The types of personal information we collect and share depend on the product or service you have with us. This information can include:
  • Social Security number
  • Account balances
  • Transaction or loss history
  • Credit history
  • Checking account informaiton
  • Wire transfer instructions
When you are no longer our customer, we continue to share your information as described in this notice.
How? All financial companies need to share customers’ personal information to run their everyday business. In the section below, we list the reasons financial companies can share their customers’ personal information; the reasons South Ottumwa Savings Bank chooses to share; and whether you can limit this sharing.
Reasons we can share your personal info Do we share? Can you limit?
For our everyday business purposes:
such as to process your transactions, maintain your account(s), respond to court orders and legal investigations, or report to credit bureaus
Yes No
For our marketing purposes:
to offer our products and services to you
No We don't share
For joint marketing with other financial companies: No We don't share
For our affiliates' everyday business purposes:
information about your transactions & experiences
No We don't share
For our affiliates' everyday business purposes:
information about your creditworthiness
No We don't share
For nonaffiliates to market to you: No We don't share
Questions? Call 641-682-7541 or visit www.sosb-ia.com
Who we are
Who is providing this notice? South Ottumwa Savings Bank, 320 Church Street, Ottumwa IA 52501
What we do
How does South Ottumwa Savings Bank protect my personal information? To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.
We also maintain other physical, electronic and procedural safeguards to protect this information, and we limit access to information to those employees for whom access is appropriate.
How does South Ottumwa Savings Bank collect my personal information? We collect your personal information, for example, when you:
  • Open an account
  • Apply for a loan
  • Make a wire transfer
  • Show your government-issued ID
  • Show your driver's license
We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.
Why can't I limit all sharing? Federal law gives you the right to limit only:
  • sharing for affiliates' everyday business purposes—information about your creditworthiness
  • affiliates from using your information to market to you
  • sharing for non-affiliates to market to you
State laws and individual companies may give you additional rights to limit sharing. See below for more on your rights under state law.
Definitions
Affiliates Companies related by common ownership or control. They can be financial and non financial companies.
  • South Ottumwa Savings Bank does not share with our affiliates.
Non-Affiliates Companies not related by common ownership or control. They can be financial and non-financial companies.
  • South Ottumwa Savings Bank does not share with non-affiliates so they can market to you.
Joint Marketing A formal agreement between non-affiliated financial companies that together market financial products or services to you.
  • South Ottumwa Savings Bank does not jointly market.