National Credit Union Administration October 3, 2007 – Federal Register Recent Federal Regulation Documents

Member Inspection of Credit Union Books, Records, and Minutes
Document Number: E7-19557
Type: Rule
Date: 2007-10-03
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) is issuing a final rule on member inspection of federal credit union (FCU) books, records, and minutes. The rule provides that a group of members representing approximately one percent of the membership, with a proper purpose and upon petition, may inspect and copy nonconfidential portions of the credit union's books, records, and minutes. This rule standardizes and clarifies existing member inspection rights.