04 NCAC 06C .0707          STATEMENTS OF ACCOUNTS

Each credit union member shall be furnished, at least semiannually, statements of accounts.  Such statements shall clearly reflect all transactions involving a member's accounts during the previous period.  Any member, pursuant to request, shall receive within a reasonable time, a statement reflecting his current outstanding balances in his accounts.  A passbook shall suffice as a statement of accounts when not inconsistent with state and federal law, and shall be updated when presented by holder.

 

History Note:        Authority G.S. 54‑109.12;

Eff. February 1, 1976;

Readopted Eff. April 4, 1978.