Credit unions in Canada have a long history of respecting the rights of their members. As co-operative financial institutions, credit unions are committed to implementing policies and procedures that maintain these rights.

Your Credit Union Board of Directors has adopted the Credit Union Code for the Protection of Personal Information, established Policies and Procedures, and appointed a Privacy Officer. You are entitled to review the Code, access your personal information, or contact the Privacy Officer at any time. Through these actions, what has been our accepted practice becomes our documented commitment to you, our member.

We only collect what we absolutely need

Because of the importance placed on members' confidentiality, the Credit Union will only collect, use or disclose information that we absolutely need. The Credit Union will ask for information for the following purposes:

•To understand your financial servicing needs;

•To determine the suitability and eligibility for member products and services;

•To evaluate your credit standing and to share or exchange reports and information with credit reporting agencies;

•To detect and prevent fraud, and to help safeguard the financial interests of the credit union and its members;

•To meet legal and regulatory requirements;

•For the promotion of products and services by your credit union and /or partner companies.

We ask you for your SIN to comply with tax reporting requirements. For example, when you open a deposit account, we ask for your SIN, as any interest earned must be reported. There are other purposes for which we may ask you for your SIN. For example, if you are applying for a loan or overdraft protection, we may ask for your SIN to ensure an accurate match between your personal information and your credit bureau report.

How do I contact Progressive Credit Union with Questions or Concerns?

We welcome any questions or concerns about our Privacy Statement, or the practices of this site. Please contact us by e-mail or in writing at the following address:

Privacy Officer

Progressive Credit Union Limited

30 Hughes Street

Fredericton, NB  E3A 2W3

Notice:

Progressive Credit Union reserves the right to amend its Internet Privacy Statement and its Privacy Code at any time with or without notice. Please check this page periodically for change

Personal Information Consent
We need your consent.  Here’s how you can provide it

You can provide us with your express consent in a variety of ways (depending upon the sensitivity of the information): in writing, electronically, or verbally in some instances. For current members, implied consent will apply, where we can reasonably conclude that you have given consent by deciding not to withdraw your consent. Preferably, we will obtain your express consent in writing when you become a credit union member or when you apply for a new credit union service offering.

If, for whatever reason, you do not provide us with your written consent, or do not withdraw your consent, we will assume that we have your implied consent for the continuing use of your personal information for purposes described within this brochure, including disclosure to the Co-operative Financial Group of Companies.

You can withdraw your consent at any time, subject to legal or contractual obligations.

For example, your credit union is required by law to provide a record of your interest earning information to the Canada Customs and Revenue Agency, therefore this information could not be limited. However, you must understand that if you make this choice, we may not be able to provide you with the product or service that you desire.