Page 24 - Police Federal Credit Union

THE FAIR CREDIT REPORTING ACT

The Fair Credit Reporting Act (FCRA) regulates obtaining or using a "Consumer Credit Report" about
decisions regarding employment. FCRA mandates that certain protocol be followed if an employer
wants to obtain an applicant or employee's credit report before or during employment. Such protocol
includes obtaining written consent from the applicant or employee and making the applicant or
employee aware of his or her FCRA rights.

If an employer decides not to hire, keep, or promote based on financial information found in the credit
report, it must notify the candidate orally, in writing or electronically.

Specifically, the employer must:

a. Provide the name, address, and phone number of the company that supplied the credit report
or background information;

b. provide a statement that the company that supplied the information didn’t make the decision
to take the adverse action and can’t give you any specific reasons for it, and

c. provide a notice of the candidates right to dispute the accuracy or completeness of any
information found in the report and the right to request an additional free report from the
company that supplied the credit or other background information if it is requested within 60
days.

RIGHT TO SEARCH

Police FCU reserves the right to inspect Credit Union property to include work areas, desks, etc.
without prior notice. The confidentiality of all records and information relating to investigations and
searches will be maintained in accordance with Credit Union needs and local, state, and federal laws.

POLICE FEDERAL CREDIT UNION EMPLOYEE MANUAL - APRIL 2017 24 | PAGE