Loan Experts

First Western Federal Savings Bank Privacy Policy

Last Updated on 5-2025. This privacy policy is effective immediately.

WHAT DOES FIRST WESTERN FEDERAL 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
• Account transactions
• Checking account information
• 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 First Western Federal Savings Bank chooses to share; and whether you can limit this sharing.

 

Reasons we can share your personal information

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. Does FWFSB share? Yes. Can you limit this sharing? No

For our marketing purposes – to offer our products and services to you, Does FWFSB share? No. Can you limit this sharing? We don’t share

For joint marketing with other financial companies, Does FWFSB share? No. Can you limit this sharing? We don’t share

For our affiliates’ everyday business purposes – information about your transactions and experiences, Does FWFSB share? No. Can you limit this sharing? We don’t share

For our affiliates’ everyday business purposes – information about your creditworthiness, Does FWFSB share? No. Can you limit this sharing? We don’t share

For nonaffiliates to market to you, Does FWFSB share? No. Can you limit this sharing? We don’t share

 

What We Do

How does First Western Federal 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 First Western Federal Savings Bank collect my personal information? We collect your personal information, for example, when you

• Open an account
• Apply for a loan
• Make deposits or withdrawals from your account
• Provide account information
• Make a wire transfer

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 l

• sharing for affiliates’ everyday business purposes – information about your creditworthiness l
• affiliates from using your information to market to you
• sharing for nonaffiliates 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.

• First Western Federal Savings Bank has no affiliates.

Nonaffiliates: Companies not related by common ownership or control. They can be financial and non-financial companies.

• First Western Federal Savings Bank does not share with nonaffiliates so they can market to you.

Joint Marketing: A formal agreement between nonaffiliated financial companies that together market financial products or services to you.

• First Western Federal Savings Bank doesn’t jointly market.

 

Other Important Information

For Alaska, Illinois, Maryland and North Dakota Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing – without your authorization.

For California Customers. We will not share personal information with nonaffiliates either for them to market to you or for joint marketing – without your authorization. We will also limit our sharing of personal information about you with our affiliates to comply with all California privacy laws that apply to us.

For Massachusetts, Mississippi and New Jersey Customers. We will not share personal information from deposit or share relationships with nonaffiliates either for them to market to you or for joint marketing – without your authorization.

For Vermont Members/Customers.

• We will not disclose information about your creditworthiness to our affiliates and will not disclose your personal information, financial information, credit report, or health information to nonaffiliated third parties to market to you, other than as permitted by Vermont law, unless you authorize us to make those disclosures.
• For additional information concerning our privacy policies, call 605-341-1203.