N.Y. Banking Law § 485: Entries in books; preservation of records

§ 485. Entries in books; preservation of records. 1. No credit union

shall by any system of accounting or any device of bookkeeping, directly

or indirectly, enter any of its assets or liabilities upon its books in

the name of any person, or under any title or designation that is not

truly descriptive thereof.

2. Every credit union shall preserve all of its records of original

and final entry, including cancelled checks, withdrawal slips and

deposit tickets, for a period of at least six years from the date of

making same or from the date of the last entry thereon; provided,

however, that preservation of photographic reproduction thereof or

records in photographic form shall constitute compliance with the

requirements of this section.