Data Processing for the Purposes of this Online Application
A member of staff from the Credit Union may contact the person identified in this application by phone, text or email in connection with it.
In order to process your application, we will share your personal data with third parties who perform important functions for us. We are also required to cooperate by law with Irish regulatory or enforcement bodies. The details provided in this application form together with any other information that is furnished to us in connection with this application will be retained and processed by the Credit Union in accordance with the Privacy Notice. We note that some of the processing may include sensitive Personal Data belonging to you, such as data about your health, the processing of which requires your explicit consent. Your consent here is provided for the purposes of the Data Protection Acts and Section 71 Credit Union Act 1997 (as amended).
It is a necessary condition of a credit application that satisfactory credit checks and assessments be conducted by the Credit Union. These will include checks with the Central Credit Register and/or the Irish Credit Bureau DAC or other credit reference agencies.
Following the introduction of the General Data Protection Regulation (‘GDPR’), Irish Credit Bureau DAC will be using Legitimate Interests (GDPR Article 6 (f)) as the legal basis for processing of your personal and credit information. These legitimate interests are promoting greater financial stability by supporting a full and accurate assessment of loan applications, aiding in the avoidance of over-indebtedness, assisting in lowering the cost of credit, complying with and supporting compliance with legal and regulatory requirements, enabling more consistent, faster decision-making in the provision of credit and assisting in fraud prevention.
ICB’s Fair Processing Notice is available at http://www.icb.ie/pdf/Fair Processing Notice.pdf. It documents who they are, what they do, details of their Data Protection Officer, how they get the data, why they take it, what personal data they hold, what they do with it, how long they retain it, who they share it with, what entitles them to process the data (legitimate interests), what happens if your data is inaccurate and your rights i.e. right to information, right of access, right to complain, right to object, right to restrict, right to request erasure and right to request correction of your personal information.
Additional credit verifications and assessments
Where relevant details are provided as part of the application, checks may also be made with employers or accountants to verify the information provided relating to salary or income.
E Notices Information
The Credit Union is obliged to send certain notices to Members, including notice of the Annual General Meeting with Annual Report, Notices of any Special General Meeting or Notices under Section 130 of the Credit Union Act relating to mergers. In order to reduce postage costs and our carbon footprint the Credit Union would like to send you such Notices electronically to the email address you have provided.