Canada is part of a global economy based on the creation, processing, and exchange of information. The technology underlying the information economy provides a number of benefits that improve the quality of our lives. This technology also gives rise to concerns about the protection of privacy rights and the individual's right to control the use and exchange of personal information.

The Sanford Credit Union ("the Credit Union") is a member-owned and controlled financial institution and, as such, it has an inherent responsibility to be open and accessible while, at the same time demonstrating the greatest respect for the protection of the member's personal privacy.

Credit unions that also serve non-members shall ensure that the same standards of protection are applied to these individuals as to members.

In adopting this Credit Union Code for the Protection of Personal Information, what has been accepted practice becomes a documented commitment to the member.

Principles
Ten interrelated principles form the basis of Sanford Credit Union's Code for the Protection of Personal Information ("the Code"). For more detail on each principle or for a copy Sanford Credit Union's entire Privacy Policy please contact the Privacy Officer at the address noted below.

Principle 1 - Accountability
Sanford Credit Union is responsible for personal information under its control and shall designate a Privacy Officer who is accountable for Sanford Credit Union 's compliance with the principles of the Code.

Principle 2 - Identifying Purposes
The purposes for which personal information is collected shall be identified by Sanford Credit Union at or before the time the information is collected.

Principle 3 - Consent
The knowledge and consent of the individual is required for the collection, use, or disclosure of personal information, except in specific circumstances as described within the Code.

Principle 4 - Limiting Collection
The collection of personal information shall be limited to that which is necessary for the purposes identified by the Sanford Credit Union. Information shall be collected by fair and lawful means.

Principle 5 - Limiting Use, Disclosure, and Retention
Personal information shall not be used or disclosed for purposes other than those for which it was collected, except with the consent of the individual or as required by law. Personal information shall be retained only as long as necessary for the fulfillment of those purposes.

Principle 6 - Accuracy
Personal information shall be as accurate, complete, and up-to-date as is necessary for the purposes for which it is to be used.

Principle 7 - Safeguards
Personal information shall be protected by security safeguards appropriate to the sensitivity of the information.

Principle 8 - Openness
Sanford Credit Union shall make readily available to members specific, understandable information about its policies and practices relating to the management of personal information.

Principle 9 - Individual Access
Upon request, an individual shall be informed of the existence, use, and disclosure of their personal information, and shall be given access to that information. An individual is entitled to question the accuracy and completeness of the information and have it amended as appropriate.

Principle 10 - Compliance
A member shall be able to question the compliance with the above principles to the Privacy Officer accountable for the credit union's compliance. The credit union shall have policies and procedures to respond to the member's questions and concerns.

All inquiries regarding privacy should be directed in writing to the privacy officer by mail, at the address below.

Sanford Credit Union Ltd.
Attention: David Domes Privacy Officer
Box 147, Sanford Mb.
R0G 2J0