Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 1 - Banking, Securities, Small Loans and Corporations
Chapter 03 - Credit Unions
Article 2 - Credit Union Practices
3 AAC 03.105 - Records and reports

Credit union accounting records must be maintained on an accrual basis when practicable, or otherwise on a modified cash basis, consistent with standard accounting procedures. Credit unions must provide the department with a financial statement including a balance sheet and income and expense statement at the end of each quarter in a format prescribed by the department. These reports must be received by the department not later than 30 days after the end of the quarter. Penalties for failure to provide complete and timely reports are established in AS 06.01.010.

Authority:AS 06.45.010(b)

AS 06.45.010(d)