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Record RetentionSchedule for CreditUnionsJanuary 15, 2015

RECORD RETENTION SCHEDULE FOR CREDIT UNIONSAS OF 1/15/2015This Record Retention Schedule created by AdvisX was designed to provide a summary of recordretention requirements of various regulations. Where specific requirements are not specified in aregulation, guidance is given based on best practices. We welcome any input users have for refining thischart. If you find any errors or have other suggestions, we invite you to share those with us for futureupdates to this schedule.Note: This guide has been prepared for informational purposes only and is not legal advice. You maywish to consult legal counsel for record retention requirements for your financial institution's specificcircumstances, particularly for retention requirements governed by the laws of your state.ADMINISTRATIVE RECORDSCharterArticles of IncorporationBylaws and amendmentsCertificate of Share InsuranceCertificates or licenses to operate various governmentprograms (i.e. HUD, Savings Bonds, IRA) Minutes of meetings, including annual shareholdersmeetings, board of directors, credit committee, andsupervisory committee and including approval of loans toofficers and directors Minutes of Special Membership meetings Supervisory committee annual audit Supervisory committee records of member accountverification Applications for membership and joint share accountagreements Designation of Beneficiary Card Abandoned property: escheat reports (until payment tostate) Records preservation program and list of recordsdestroyed One copy of each financial report NCUA Form 5300 (or itsequivalent), Credit Union Profile Report, NCUA Form 4501(or its equivalent) and other annual reports as submitted toNCUA or your state's credit union department at the end ofeach quarter NCUA examination reports Paid bond claimsRecords of Robberies, Burglaries, Non-Employee LarceniesCommitted or AttemptedRETENTION PERIOD Share and loan balances for each member’s account;A financial report listing all of the institution assets andliabilities;Bank reconcilements;Listing of the credit union’s financial institutions, insurancepolicies, and investments.Audit Reports and Record of account verificationGeneral LedgerAsset and Liability AccountsCOPYRIGHT 2015 ADVISX www.advisx.com 888.980.1949Permanent retentionPermanent retention with on- andoff-site duplicates or back-upsPAGE 2

RECORD RETENTION SCHEDULE FOR CREDIT UNIONSAS OF 1/15/2015ADMINISTRATIVE RECORDSRETENTION PERIOD Journal and cash record and EDP daily proof listingDormant Accounts listingATM audit tape or Network tapePersonnel Affirmative action plans (EEOC)Off premises record preservation logProof tapes of Share and Loan RegistersSecondary Capital Account Disclosure and AcknowlEdgementSubsidiary Expense LedgerALM Management RecordsFinancial Transaction Register Court orders7 years Powers of Attorney15 years after expiration Bonds and Endorsements3 years following expiration 1099 listing, summary3 years Security program and logUntil superseded Inventory of furniture and equipment and depreciationschedule2 years after disposal of furnitureand equipment or fullydepreciated Bond (premium receipts and declaration page)Current and last year’s Insurance policies2 years after expiration ofcoverage Insurance coverage reportCurrent and last year’s Personnel records6 years after termination Application and resumes approved3 years Application and resumes declined6 years Personnel attendance records3 years Safe deposit box access tickets2 yearsCOPYRIGHT 2015 ADVISX www.advisx.com 888.980.1949PAGE 3

RECORD RETENTION SCHEDULE FOR CREDIT UNIONSAS OF 1/15/2015ADMINISTRATIVE RECORDSRETENTION PERIOD Canceled signature cards for safety deposit boxes2 years after close Copies of rent (safety deposit box) receipts2 years Leases or contracts, vendor closed accounts2 years after close General Correspondence4 Forced entry records6 years Records and/or contents of drilled safety deposit boxes6 years Building contracts7 years Deeds to credit union propertyPermanent Payment correspondence from NCU or othergovernmental agenciesThrough next examination period Government manuals (current version)Permanent Register of all instances when financial information about amember is disclosed to the Federal government either withmember authorization or in response to a court orderPermanent Bank statements for credit union’s accountsPeriodic destruction: 5 yearsfollowing close of fiscal year, 1year after the date the record iscreated Dividend/interest refund payment records4 years Dividend register4 years Expense register and expense ledger5 years following close of fiscalyear Invoices/bills/statements5 years following close of fiscalyear Expense vouchers/invoices5 years after close of fiscal year Budget2 yearsCOPYRIGHT 2015 ADVISX www.advisx.com 888.980.1949PAGE 4

RECORD RETENTION SCHEDULE FOR CREDIT UNIONSAS OF 1/15/2015ADMINISTRATIVE RECORDSRETENTION PERIOD Debit card settlement report3 years Cash difference records6 years Checks7 years Voided checks4 years Money orders5 years Voided money orders4 years Traveler’s checks (including voids and stop payments)6 years Stop payments on CU checks2 years (recommended) Employee benefit plans (including supportingdocumentation)6 years following filing date Employee Eligibility Form I-93 years following date of hire or 1year following separation,whichever is later. Employee Information Report EEO-1Undetermined Employee Withholding Certificate Form W-44 years following tax year Injury reports5 years following settlement ofinjury, unless hazardous materialswere involved, then 30 years. Pension plan documents (IRA, etc.)6 years following last transaction Records of additions to or deductions from wages paid3 years Wage rate table2 years Social Security tax records6 years following the tax year Ads for employment2 years Military leave documentation5 yearsCOPYRIGHT 2015 ADVISX www.advisx.com 888.980.1949PAGE 5

RECORD RETENTION SCHEDULE FOR CREDIT UNIONSAS OF 1/15/2015ADMINISTRATIVE RECORDSRETENTION PERIOD All personnel records related to discrimination claims3 years or until final disposition ERISA annual reports and summaries6 years Criminal Referral Form (CR Form 2362)10 years Declaration of Forgery3 years, but 6 is recommended IRS correspondence4 years following tax due date Coverdell ESA Contribution Information Form 5498-ESA4 years following tax year Depreciation schedules4 years following tax filing Designation Agreement to File 10984 years Dividend Reporting Form 1099-INT4 years following tax year Employee Withholding Certificate Form W-44 years following tax year Employer’s Annual Federal Unemployment Tax ReturnForm 9404 years following tax year Unemployment tax records4 years following tax year Employer’s Quarterly Federal Tax Return Form 9414 years following tax year Miscellaneous Income Form 1099-MISC4 years following tax year Reconciliation of Income Withheld from Wages Form W-34 years following tax year Sales and use tax records4 years following tax year Tax bills/statements4 years following tax year Taxpayer Identification and Certification Form W-94 years following tax year Wage and Tax Statement Form W-24 years following tax yearCOPYRIGHT 2015 ADVISX www.advisx.com 888.980.1949PAGE 6

RECORD RETENTION SCHEDULE FOR CREDIT UNIONSAS OF 1/15/2015COMPLIANCE REGULATIONSRETENTION PERIODEvidence of Reg. B compliance Applications, supporting information and requirednotifications (adverse action notices & ECOA notice) Pre-screened solicitations (text & criteria) Written complaints alleging violations of ECOA Self-tests information related to Fair Lending, if any Right to Appraisal Notice and/or waiver of that right Written complaints Credit reports/financial statementsEvidence of Reg. E compliance EFT error resolution documents (logs, spreadsheets,memos etc.) Error-related documentation (notice of error from sender,support documentation, investigation) 25 months(12 months for business creditover 1 million gross revenues)2 years from date of notice of errorndWire Remittance Pre-payment Disclosure, receipt (2 )disclosure, or combined disclosure*Change in terms noticesNew service disclosureATM reportsAYM settlement statementsATM transaction recordsEvidence of Reg. Z compliance Applications, support materials TILA disclosures (initial & closing) New Loan Estimate Form* (Effective 8/1/2015) New Closing Disclosure* (Effective 8/1/2015) Right of Rescission forms Evidence of compliance with requirements regardingperiodic statements Copies of advertisements (including transcripts of non-printmedia) and Copies of marketing materials used by the institution Billing Error Notice Billing Error Dispute Documentation Ability to Repay (documentation of efforts to determineincome, assets and other ATR factors2 years2 years3 yearsMortgage Servicing Rules* (note that the small servicersexemption may apply) Mortgage Servicing FileSchedule of transactions, instruments, communication withborrower notes, data fields relating to loan, documentsprovided to borrower regarding error resolution or lossmitigationCOPYRIGHT 2015 ADVISX www.advisx.com 888.980.19491 year after loandischarged/transferredPAGE 7

RECORD RETENTION SCHEDULE FOR CREDIT UNIONSAS OF 1/15/2015COMPLIANCE REGULATIONS Prompt Payment, Crediting, & StatementsWritten requests and evidence of complianceRETENTION PERIODNot specified; guidance 1 examcycle Force-placed insurance (disclosure letters)Not specified; guidance keep copyof disclosure in file for life of loan Error resolution & info requests (evidence ofcompliance)Not specified, but mustacknowledge requests within 5business days and have aresponse in 30 (this implies a logis necessary) Early intervention with delinquent borrowerso Disclosureso Logo Trainingo Evidence of complianceNot specified; guidance keepcopies in loan file of all notices.Small servicer exemption. Continuity of contact with delinquent borrowersNot specified; guidance keepcopies in loan file of all notices.Small servicer exemption Loss mitigation procedureso Evidence of complianceo Trackingo Loss mitigation applicationsNot specified; guidance keepcopies in loan file of all notices,logs, tracking materials for 1 yearafter loan discharged. Smallservicer exemption.*Items to be implemented by the CFPB under the Dodd-Franklegislation.Evidence of Reg. CC complianceNo specific record retention requirements for holds placed, butinstitution must be able to prove compliance with funds availability,notices, and other aspects with its procedures.NCUA Part 707 Compliance with Truth in Savings Act Although a copy of each disclosure does not have to beretained; institution must show established procedures forpaying interest/dividends. Rate and balance informationmust be sufficient to verify interest/dividends paid onaccounts. Sample disclosures needed.Evidence of Reg. C compliance (HMDA) Complete register (LAR) & Modified HMDA-LAR for public Public disclosure statementCOPYRIGHT 2015 ADVISX www.advisx.com 888.980.19492 years2 years3 years5 yearsPAGE 8