12 CFR 749.1
§ 749.1 Definitions.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 749.1, § 749.1 Definitions, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48938
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Full text
For purposes of this part:
Vital member services mean informational account inquiries, share withdrawals and deposits, and loan payments and disbursements.
Vital records refer to the following records:
(a) A list of share, deposit, and loan balances for each member's account as of the close of the most recent business day that:
(1) Shows each balance individually identified by a name or number;
(2) Lists multiple loans of one account separately; and
(3) Contains information sufficient to enable the credit union to locate each member, such as address and telephone number.
(b) A financial report, which lists all of the credit union's asset and liability accounts and bank reconcilements, current as of the most recent month-end.
(c) A list of the credit union's accounts at financial institutions, insurance policies, and investments along with related contact information, current as of the most recent month-end.
(d) Emergency contact information for employees, officials, regulatory offices, and vendors used to support vital records.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.