04 NCAC 06C .0707 STATEMENTS OF ACCOUNTS
Each credit union member shall be furnished, at least semiannually, statements of accounts. Such statements shall clearly reflect all transactions involving a member's accounts during the previous period. Any member, pursuant to request, shall receive within a reasonable time, a statement reflecting his current outstanding balances in his accounts. A passbook shall suffice as a statement of accounts when not inconsistent with state and federal law, and shall be updated when presented by holder.
History Note: Authority G.S. 54‑109.12;
Eff. February 1, 1976;
Readopted Eff. April 4, 1978.