12 CFR § 749.1 - Definitions.

---
identifier: "/us/cfr/t12/s749.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 749.1 - Definitions."
title_number: 12
title_name: "Banks and Banking"
section_number: "749.1"
section_name: "Definitions."
chapter_name: "NATIONAL CREDIT UNION ADMINISTRATION"
subchapter_number: "A"
subchapter_name: "REGULATIONS AFFECTING CREDIT UNIONS"
part_number: "749"
part_name: "RECORDS PRESERVATION PROGRAM AND APPENDICES—RECORD RETENTION GUIDELINES; CATASTROPHIC ACT PREPAREDNESS GUIDELINES"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1766, 1783 and 1789, 15 U.S.C. 7001(d)."
regulatory_source: "66 FR 40579, Aug. 3, 2001, unless otherwise noted."
cfr_part: "749"
---


# 749.1 Definitions.

For purposes of this part:

*Vital member services* mean informational account inquiries, share withdrawals and deposits, and loan payments and disbursements.

*Vital records* refer to the following records:

(a) A list of share, deposit, and loan balances for each member's account as of the close of the most recent business day that:

(1) Shows each balance individually identified by a name or number;

(2) Lists multiple loans of one account separately; and

(3) Contains information sufficient to enable the credit union to locate each member, such as address and telephone number.

(b) A financial report, which lists all of the credit union's asset and liability accounts and bank reconcilements, current as of the most recent month-end.

(c) A list of the credit union's accounts at financial institutions, insurance policies, and investments along with related contact information, current as of the most recent month-end.

(d) Emergency contact information for employees, officials, regulatory offices, and vendors used to support vital records.

[72 FR 42273, Aug. 2, 2007]