Nevada Administrative Code
Chapter 678 - Credit Unions
Section 678.210 - Retention of records
Current through February 27, 2024
1. Except as otherwise provided in this section, a credit union may destroy a record 1 year after the date on which the record is created.
2. A credit union shall retain permanently the following records:
3. Applications for membership and account agreements of a person who is not a member of the credit union must be retained for a period of 7 years after the date on which the credit union determines the record is no longer useful.
4. A record that is otherwise required to be retained by state statute or federal law must be retained in accordance with that statute or law.
5. Records of a credit union may be retained in any format that can be readily reproduced, including, without limitation, original paper format, machine copy or electronic format, and must:
Added to NAC by Comm'r of Financial Institutions by R110-06, eff. 6-28-2006
NRS 678.250, 678.260