Record Retention Guide
For many years, GBA members have relied on the association-produced record retention manual to not only stay in compliance with state and federal retention requirements, but to also save money by not keeping records longer than necessary. We are pleased to announce the newly-revised 2008 edition of the GBA Guide to Record Retention is now available.
Why do you need the
Guide to Bank Record Retention?
The new GBA
Guide to Bank Record Retention will provide the peace of mind that a
complete record retention policy and procedures manual affords. This
guide and manual will aid your bank in developing a complete, workable
and understandable record retention program that is vital to the bank’s
daily routine. Appropriate record retention policies are considered a
safe and sound business practice because these policies assist in
regulatory compliance and provide guidelines your customer’s can count
on should their bank records be subpoenaed. If you already have a
record retention policy, you will still want to purchase the newly
revised version to ensure your current policy is current.
Here’s why Record Retention should be a priority…
To be in compliance, your institution must maintain thousands of
different types of records. It is critical that you follow regulations
and laws as well as industry best practices in order to stay in
compliance. But record storage and maintenance is costly whether you
store the records onsite or pay to have them stored professionally.
Knowing when records can be destroyed could save your institution time
and money – both in terms of storage fees and in complying with legal
requests.
Using the GBA Guide to Bank Record Retention, members have at their
finger tips the latest guidelines for record retention on more than
4,000 separate banking-related items. The 210 page guide gives you
retention schedules covering both Federal and State retention laws and
regulations as well as reproducible forms to use internally in the
bank. The federal schedule covers more than 3,800 records and the
separate state schedule contains about 300 records.
The cost of the 2008 revised edition is $325.00 plus tax and shipping.
As a service to members,
online ordering is available. Nonmembers should print and complete
the
order form or contact GBA’s
Kenyetta Parks at (404) 420-2035.
Please send an e-mail to the
Webmaster with questions.