Illinois Administrative Code
Title 38 - FINANCIAL INSTITUTIONS
Part 190 - ILLINOIS CREDIT UNION ACT
Subpart A - GENERAL PROVISIONS
Section 190.80 - Use of Electronic Data Processing

Universal Citation: 38 IL Admin Code ยง 190.80

Current through Register Vol. 48, No. 12, March 22, 2024

a) A credit union whose records or accounting system is maintained using electronic data processing (EDP) equipment must have such accounts and EDP programs to enable the credit union to complete in an accurate and timely manner all required reports and to maintain its books, records, all subsidiary accounts and management reports, as appropriate, in accordance with the Illinois Credit Union Act and Rules and Regulations promulgated thereunder. Delinquency listings should be completed in accordance with 38 Ill. Adm. Code 190.70.

b) A credit union must notify the Division in writing 45 days prior to implementation of data processing system or conversion to a different system. This notification must include the name of the system and the date of conversion.

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