Patriot Act/Privacy Policy

Member Notice:

To our account holders and potential account holders:

In accordance with Section 326 of the USA Patriot Act of 2001, which requires the Lenco Credit Union to help the government fight the funding of terrorism and money laundering activities, Lenco Credit Union is required to obtain basic identifying information from you and verify that information when you open a new account.

This means the Lenco Credit Union staff will ask you for some basic information such as your name, address, date of birth, and other information designed to help us identify you. Lenco Credit Union staff will also ask to see documents identifying you such as a social security card, driver’s license, passport, and/or some other government-issued document.

In some cases, identification will be requested for those individuals conducting business with Lenco Credit Union prior to the effective date of the member identification requirements. This is because original documentation was not obtained with the opening of the account or Lenco Credit Union is unable to form a reasonable belief that it knows the true identity of the existing account holder.

In all cases, protection of our member’s identity and confidentiality is the Credit Union’s pledge to you. Lenco Credit Union appreciates your patience and understanding as we all do our part in complying with the new account identification procedures required by the federal USA Patriot Act of 2001.


The Board of Directors, Staff and Members of the Lenco Credit Union

USA Patriot Act (Section 326)

Pursuant to the USA Patriot Act, Section 326, Lenco Credit Union is required to verify the identity of individuals applying for membership and opening new accounts or services with the credit union. Information we are required to obtain include:

  • Name
  • Street address (and mailing address, if different from street address)
  • Identification number (SSN, passport number and country of issue, alien ID card number)
  • Date of birth (birth certificate required for minor accounts)
  • Copy of current government issued photo ID (driver’s license, state ID, military ID, etc.)

Additional data may also be gathered depending on the type of account to be opened. Data on existing members may be gathered as an additional product or service is requested.

The USA Patriot Act also requires Lenco Credit Union to maintain all records of any documentary evidence used for verifying the member for at least five years after the date an account is closed.

Confidentiality of the information maintained by the credit union will be maintained as required under our Privacy Policy.

To obtain a copy of the USA Patriot Act in its entirety please visit:




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 and income

-Account balances and payment history

-Credit history and credit score


How? All financial companies need to share members’ personal information to run their everyday business. In the section below we list the reasons financial companies can share their members’ personal information; the reasons Lenco Credit Union chooses to share; and whether you can limit this sharing.




Reasons we can share your personal information


Does Lenco Credit  Union Share?


Can you limit this sharing?

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

 Yes  Yes
For joint marketing with other financial companies  Yes Yes
For our affiliates’ everyday business purposes – information about your transactions and experiences  No We don’t share
For our affiliates’ everyday business purposes – information about your creditworthiness  No We don’t share
For our affiliates to market to you  No We don’t share
For non-affiliates to market to you  Yes Yes


Please Note:

  • Call 517-263-0851 or toll-free 866-905-3636 and a Member Service Representative will assist you with your opt-out or
  • Visit us online and click on “Contact Us” to send a secure message letting us know your opt-out preferences or
  • Write us at O. Box 338, Adrian MI 49221.

If you are a new Lenco Credit Union member, we can begin sharing your information 30 days from the date we sent this notice.

When you are no longer a Lenco Credit Union member, we continue to share your information as described in this notice.

However, you can contact us at any time to limit our sharing.

QUESTIONS? Call 517-263-0851 or toll free at 866-905-3626 or go to

Who is providing this notice?                   Lenco Credit Union


What we do

How does Lenco Credit Union 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.
How does Lenco Credit

Union collect my personal information?

We collect your personal information, for example, when you

-Open an account or deposit money

-Pay your bills or apply for a loan

-Use your credit or debit card

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.

What happens when I limit sharing for an account I hold jointly with someone else? Your choices will apply to everyone on your account.




Affiliates Companies related by common ownership or control. They can be financial and nonfinancial companies.

Lenco Credit Union has no affiliates.

Non-affiliates Companies not related by common ownership or control. They can be financial and nonfinancial companies.

Non-affiliates we share with can include insurance companies, plastic card processors (credit/debit/ATM), financial statement publishers or printers, consumer reporting agencies, check printers.

Joint marketing A formal agreement between non-affiliated financial companies that together market financial products or services to you.

Our joint marketing partners include investment, insurance and other financial services companies.

Revised 10/08/15