12 C.F.R. § 749.2 What must a credit union do with vital records?
Title 12 - Banks and Banking
The board of directors of a credit union is responsible for establishing a vital records preservation program within 6 months after its insurance certificate is issued. The vital records preservation program must contain procedures for storing duplicate vital records at a vital records center and must designate the staff member responsible for carrying out the vital records duties. Records must be stored every 3 months, within 30 days after the end of the 3-month period. Previously stored records may be destroyed when the current records are stored. The credit union must also maintain a records preservation log showing what records were stored, where the records were stored, when the records were stored, and who sent the records for storage. Credit unions, which have some or all of their records maintained by an off-site data processor, are considered to be in compliance for the storage of those records.
Title 12: Banks and Banking
PART 749—RECORDS PRESERVATION PROGRAM AND RECORD RETENTION APPENDIX
§ 749.2 What must a credit union do with vital records?
