04 NCAC 06C .1002 NONPERMANENT RECORDS
(a) Each Credit Union shall retain nonpermanent records as defined in Paragraph (b) of this Rule, in a manner consistent with reasonable business practices and in accordance with this Section and applicable state and federal laws, rules, and regulations.
(b) Nonpermanent records shall include any Credit Union records not referenced in Rule .1001 of this Section.
(c) Nonpermanent records shall be kept in the original, or any electronic or digital form that permits their retrieval and replication. The Board of Directors of the Credit Union shall determine the length of time that each nonpermanent record is to be retained based upon reasonable business practices and the applicable state and federal laws, rules, and regulations.
History Note: Authority G.S. 54‑109.12; 54‑109.17;
Eff. February 1, 1976;
Readopted Eff. April 4, 1978;
Amended Eff. March 1, 2016.