Records Preservation Program and Appendices Record Retention Guidelines; Catastrophic Act Preparedness Guidelines

Records Preservation Program and Appendices Record Retention Guidelines; Catastrophic Act Preparedness Guidelines

From Credit Union Regulatory Guidance Including: NCUA, CFPB, FDIC, OCC, FFIEC by Credit Union Exam Solutions Inc.

June 10, 2026 · 49 min · Episode 132

About this episode

The episode discusses the NCUA's proposed changes to the vital records preservation rule and the elimination of certain appendices.

www.marktreichel.com https://www.linkedin.com/in/mark-treichel/ NCUA Proposes to Streamline Vital Records Preservation Rule The NCUA Board has issued a proposed rule to simplify and streamline Part 749, the regulation governing credit union vital records preservation programs. The proposal responds to years of industry feedback that the current rule, particularly its appendices, has become unnecessarily burdensome and confusing. What NCUA is proposing: Rename Part 749 to "Vital Records Preservation Program" to clarify its scope Add formal definitions for "vital member services" and "vital records" rather than relying only on examples Clarify that a records preservation log may be kept in electronic format Confirm that older versions of vital records may be destroyed once current versions are stored, unless other law or regulation requires otherwise Require credit unions that use third-party service providers to maintain effective oversight of those vendors Eliminate Appendix A (Record Retention Guidelines) entirely Eliminate Appendix B (Catastrophic Act Preparedness Guidelines) entirely Remove the cross-reference to Appendix A from the derivatives rule at 12 CFR 703.105(d) Why…

Topics covered

  • records preservation
  • credit union regulations
  • record retention guidelines
  • catastrophic preparedness
  • NCUA proposals

Keywords

  • NCUA
  • vital records
  • record retention
  • credit unions
  • regulatory guidance

Mentioned in this episode

Organizations: NCUA, CFPB, FDIC, OCC, FFIEC

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