Code of Federal Regulations (Last Updated: October 10, 2024) |
Title 12 - Banks and Banking |
Chapter VII - National Credit Union Administration |
SubChapter A - Regulations Affecting Credit Unions |
Part 749 - Records Preservation Program and Appendixes - Record Retention Guidelines; Catastrophic Act Preparedness Guidelines |
§ 749.3 - Vital records center.
Latest version.
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§ 749.3 Vital records center.
A vital records center is defined as a storage facility, which may include another federally - insured credit union, at any location far enough from the credit union's offices to avoid the simultaneous loss of both sets of records in the event of a catastrophic act. A credit union must maintain or contract with a third party to maintain any equipment or software for its vital records center necessary to access records.
[72 FR 42273, Aug. 2, 2007]