INDEPENDENCE FEDERAL SAVINGS BANK

PRIVACY DISCLOSURE

Protecting your privacy is important to us . We want you to understand what information we collect and how we use it. In order to provide you with a broad range of financial products and services as effectively and conveniently as possible, we use technology to manage and maintain information about you. The following policy serves as a standard for all our employees regarding the collection, use, retention, and security of nonpublic personal information.

“Nonpublic personal information” is nonpublic information about you that we obtain in connection with providing a financial product or service to you. For example, this includes information regarding your account balance, payment history, and overdraft history.

Information We Collect

We may collect nonpublic personal information about you from the following sources:

·Information we receive from you on applications or other forms;

·Information about your transactions with us or others; and

·Information we receive from third parties such as consumer reporting agencies.

Information We Disclose

We do not disclose any nonpublic personal information about our customers or former customers to anyone, except as permitted by law.

If you decide to close your account(s) or become an inactive customer, we will continue to adhere to the privacy policies and practices described in this notice.

OUR SECURITY PROCEDURES

We restrict access to nonpublic personal 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 that comply with federal standards to guard your nonpublic personal information.

Notify Us of Inaccurate Information We Report to Consumer Reporting Agencies. Please notify us if we report any inaccurate information about your account(s) to a consumer reporting agency. Your written notice describing the specific inaccuracy(ies) should be sent to us at the following address: Independence Federal Savings Bank, 1229 Connecticut Ave NW, Washington, DC 20036. Telephone 202-628-5500.

June 2004

Independence Federal Savings Bank is a federally chartered institution, and is regulated by the Office of Thrift Supervision, Department of the Treasury, 1475 Peachtree Street NE, Atlanta GA 30309.