(a) A District credit union shall maintain all books, records, accounting systems, and procedures that accurately reflect its operations and which enable the Commissioner to readily ascertain the true financial condition of the District credit union and whether it is complying with this subchapter. These books, records, accounting systems, and procedures shall be maintained at the District credit union's principal place of business in accordance with the District credit union's record retention policy.
(b) The Commissioner shall prescribe the minimum retention requirements for District credit union records by rule.
(May 6, 2020, D.C. Law 23-86, § 1008, 67 DCR 3476.)