Various regulations and federal and state laws mandate a credit
union’s retention of specific documents (both traditional paper
documents and electronically-stored information) for a designated period
of time. Unfortunately, these laws overlap and conflict, causing
confusion. In the past, some institutions simply retained all records
permanently “to be on the safe side.” That isn’t
practical today, because retaining all records can actually harm the
credit union. All credit unions must have a systematic
document-retention and destruction policy that covers
electronically-stored information and traditional paper documents. This
webinar will address the legal requirements and practical considerations
for both electronic and paper document retention and destruction.
What documents should be kept and for how long?
How should electronic records be handled?
How can an effective document retention policy help your credit
What are the pitfalls to watch for?
What special action must be taken when litigation is threatened
against your credit union?
* Please Note: Wisconsin State Charter Credit Unions must adhere to the
record retention requirements in the Financial Managers Society Record
Retention Manual. In additional to the above session material.