Financial Privacy Policy
Offering excellent service along with protecting your privacy is important to the CollegeCounts 529 Fund Direct Plan (“Plan”).
When you do business with the Plan you are asked to provide us with personal information. This information is important because it helps us to effectively process your transactions and helps efforts to prevent access to personal financial information by unauthorized persons. We also gather certain information to comply with laws and regulations that govern the financial services industry.
Union Bank & Trust Company, as the Plan Manager of the CollegeCounts 529 Fund Direct Plan, provides the day-to-day administrative services of the Plan, including the gathering of personal information to effectively serve our customers. We may disclose information we have collected to companies who help us maintain and service your account. For example, we may share information with other companies and professionals who need information to process your account and provide other record keeping services. Each company with whom we share information has agreed to abide by the following and is strictly prohibited from disclosing or using the information for any purpose other than the purposes for which it is provided to them.
As an Account Owner of the Plan, this policy details how we use and safeguard the information you provide to us.
If you have any questions about our Financial Privacy Policy, please contact the CollegeCounts 529 Fund Direct Plan at (866) 529 – 2228.
THE INFORMATION WE COLLECT
We collect information about you from the following sources:
- Information you give us on applications or other forms
- Information about your transactions with us
DISCLOSURE OF INFORMATION
The CollegeCounts 529 Fund Direct Plan does not disclose the personal information of current or former Account Owners and/or Beneficiaries to any other person outside the Plan, unless you consent or it is permitted under applicable federal and state laws. The CollegeCounts 529 Fund Direct Plan may also disclose your personal information if it is allowed or required by its contract with the State of Alabama. With your consent or if allowed by law, we will provide your personal information to the financial professional you designate.
CONFIDENTIALITY AND SECURITY
We restrict access to information about you to those employees who need to know that information to provide products or services to you. We maintain physical, electronic, and procedural safeguards to protect this information.
OUTSIDE SERVICE PROVIDERS/MARKETERS
We may disclose all of the information we collect, as described above, to companies that perform marketing services on our behalf or to other financial institutions with whom we have joint marketing agreements.
The CollegeCounts 529 Fund is a qualified tuition program under Section 529 of the Internal Revenue Code that is sponsored by the State of Alabama and administered by the Board of Trustees of the ACES Trust Fund (the “Trust” and plan issuer). Union Bank & Trust Company serves as Program Manager. Accounts and investments under the CollegeCounts 529 Fund are not insured or guaranteed by the FDIC, the State of Alabama, the State Treasurer of Alabama, the Board, the Trust, the Program, Union Bank & Trust Company, or any other entity.
Before investing, you should consider the investment objectives, risks, fees, expenses, and tax consequences associated with the Program. All of this information is contained in the Program Disclosure Statement. Please read it carefully before investing.
If you or your beneficiary is not an Alabama resident, consider whether your home state or the home state of your designated beneficiary offers a qualified tuition program that provides a state tax deduction or other benefits to residents who invest in that program.