North Carolina Administrative Code
Title 04 - COMMERCE
Chapter 06 - CREDIT UNION DIVISION
Subchapter C - CREDIT UNIONS
Section .1000 - RETENTION OF RECORDS
Section 06C .1001 - PERMANENT RECORD

Universal Citation: 04 NC Admin Code 06C .1001

Current through Register Vol. 39, No. 6, September 16, 2024

(a) Each credit union shall retain its records in a manner consistent with reasonable businesspractices as set forth in G.S. 54-109.17, rules andfederal regulations.

(b) The credit union shall permanently retain the original records of the credit union's charter,bylaws, and any amendments to those documents.

(c) The following records shall be retained permanently in their original form or in anyelectronic or digital form that permits their retrieval and replication:

(1) the minutes of meetings of members and of the board of directors;

(2) audit reports;

(3) copies of the examination reports of the Credit Union Division;

(4) rulings and opinions from the Credit Union Division; and

(5) supervisory committee minutes and audits.

Authority G.S. 54-109.12; 54-109.17;
Eff. February 1, 1976;
Readopted Eff. April 4, 1978;
Amendment Eff. March 1, 2016;
Readopted Eff. February 1, 2018.

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