NASCUS has submitted a comment letter this week to the National Credit Union Administration (NCUA) outlining potential impacts and improvements to the Part 749 Record Retention and Preservation Rule.
In our comments, NASCUS encouraged the NCUA to provide clarification between Part 749 of its regulations and Appendix A of the regulation. Specifically, the definition of vital records and the items suggested for permanent retention within the appendices should be consistent to better assist credit unions in determining the NCUA’s expectations for permanent retention.
