Privacy Notice

Parachute – Privacy Notice


What does Parachute do with your personal information?


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.


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 Financial Information
  • Name and Address
  • Any other information requested by you

When you are no longer our customer, we continue to share your information as described in this notice.


All financial companies need to share personal information to run their everyday business. In the section below, we list the reasons financial companies can share their personal information; the reasons chooses to share; and whether you can limit this sharing.

Reasons We Can Share Your Personal InformationDoes Parachute 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 bureausYESNO
For our marketing purposes – to offer our products and services to youNON/A
For joint marketing with other financial companiesNON/A
For our affiliates’ everyday business purposes – information about your transactions and experiencesNON/A
For our affiliates’ everyday business purposes – information about your creditworthinessNON/A
For nonaffiliates to market to youNON/A

Who We Are

Who is providing this notice? Parachute

What We Do

How does Parachute 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 Parachute collect my personal information?
We collect your personal information, for example, when you contact us, or attend a session with us

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 nonaffiliates to market to you
  • Affiliates: Companies related by common ownership or control. They can be finanical and nonfinancial companies.
  • Nonaffiliates: Companies not related by common ownership or control. They can be financial and nonfinancial companies.
  • Joint Marketing: A formal agreement between nonaffiliated financial companies that together market financial products or services to you.
Other Important Information
  • Personal information may be shared as described above. Additional authorizations for sharing will be secured with you as needed to administer service.
  • Questions? Call us at 716-712-2060