4 N.C. Admin. Code 6C.1001

Current through Register Vol. 39, No. 9, November 1, 2024

Section 06C .1001 - PERMANENT RECORD

(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.

04 N.C. Admin. Code 06C .1001

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.

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

Readopted by North Carolina Register Volume 32, Issue 17, March 1, 2018 effective 2/1/2018.