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Records Preservation Program and Appendices-Record Retention Guidelines; Catastrophic Act Preparedness Guidelines
Plain English Summary
The NCUA has finalized new rules regarding how to preserve important records. This affects all organizations that must follow these regulations. The updates clarify the purpose of the rules, improve definitions, and remove outdated references. Insurance agents should review these changes to ensure compliance with the new guidelines.
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On March 11, 2026, the NCUA (or `agency') published a proposed rule to solicit comments on ways to improve and update the vital records preservation program regulation and accompanying guidelines. Based on the comments received, and upon further consideration of the issues involved, the NCUA Board is publishing this final rule, mostly as proposed, to clarify the purpose of part 749, update the definitions, and remove unnecessary references to recommendations and guidance.