FACTS   

What does Colonial 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.  The information can include:

• Social Security number and payment history
• Credit history and account balances
• Transaction history and credit scores

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 Colonial Federal Savings chooses to share; and whether you can limit this sharing.

Reasons we 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 Colonial Federal Savings Share?          YES      

Can you limit this sharing?                              NO

For our marketing purposes – to offer products and services to you

Does Colonial Federal Savings Share?          YES      

Can you limit this sharing?                              NO

For joint marketing with other financial companies

Does Colonial Federal Savings Share?          NO      

Can you limit this sharing?                              WE DON’T SHARE

For our affiliates’ everyday business purposes – information about your transactions and experiences

Does Colonial Federal Savings Share?             NO     

Can you limit this sharing?                              WE DON’T SHARE

For our affiliates’ everyday business purposes – information about your credit worthiness

Does Colonial Federal Savings Share?          NO      

Can you limit this sharing?                              WE DON’T SHARE

For nonaffiliates to market you

Does Colonial Federal Savings Share?          NO      

Can you limit this sharing?                              WE DON’T SHARE

Questions?  Call 617-471-0750 or go to www.colonialfed.com

Who we are - Who is providing this notice?            Colonial Federal Savings Bank

What we do:

How does Colonial Federal Savings 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 Colonial Federal Savings 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

We also collect your personal information from others, such as credit bureaus, affiliates, or other companies.

Why can’t I limit my sharing? Federal law gives you the right to limit only

• Sharing for affiliates’ everyday business purposes – information about your credit worthiness
• 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

Definitions:

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

• Colonial Federal Savings Bank has no affiliates.

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

• Colonial Federal Savings Bank does not share with non-affiliates so they can market to you.

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

• Colonial Federal Savings Bank does not jointly market.

Other important information - none