1. (a) Confidentiality of members' accounts. No credit union officer, director, committee member or employee may disclose to any person, other than the member, or to any company or governmental body the individual savings, shares, or loan records of any credit union member, contained in any document or system, by any means unless specifically authorized to do so in writing by such the members, except as follows:

   1. (1) reporting credit experience to a bona fide credit reporting agency, another credit union, or any other bona fide credit-granting business and/or merchants information exchange, provided that applicable state and federal laws and regulations pertaining to credit collection and reporting are followed;
   2. (2) furnishing copies of reports and/or data to a duly constituted government agency or taxing authority, or any subdivision thereof, including law enforcement agencies;
   3. (3) furnishing reports and/or data, orally or in written form, in response to the order of a court of competent jurisdiction or pursuant to other processes of discovery duly issuing from a court of competent jurisdiction;
   4. (4) furnishing reports of loan balances to comakers and guarantors of loans of a member and of account balances and related transactions to joint account holders; or
   5. (5) furnishing information to and receiving information from check and draft reporting, clearing, cashing and authorization services relative to past history of a member's draft and checking accounts at the credit union.
2. (b) Nothing in this rule shall prohibit the credit union from releasing the name and address of members to assist the credit union in its marketing efforts; provided however, that the credit union obtains a written non-disclosure statement providing assurances that the information will be used exclusively for the benefit of the credit union and no other.

Source Note:The provisions of this §91.608 adopted to be effective July 8, 1994, 19 TexReg 4932.