NCUA’s TISA regulation requires credit unions to provide specific disclosures when an account is opened, when a disclosed term changes or a term account is close to renewal, on periodic statements of account activity, in advertisements, and upon a member’s or potential member’s request. 12 CFR 707.4, 707.5, 707.6, 707.8. Credit unions that provide periodic statements are required to include information about fees imposed, the annual percentage yield earned during those statement periods, and other account terms. The requirements for creating and disseminating account disclosures, change in terms notices, term share renewal notices, statement disclosures, and advertising disclosures are necessary to implement TISA’s purpose of providing the public with information that will permit informed comparisons of accounts at depository institutions.
The latest form for Truth in Savings (TISA), 12 CFR Part 707 expires 2023-09-30 and can be found here.
Document Name |
---|
Supporting Statement A |
Supplementary Document |
Approved without change |
Revision of a currently approved collection | 2023-08-11 | |
Approved without change |
Extension without change of a currently approved collection | 2020-06-29 | |
Approved without change |
Reinstatement with change of a previously approved collection | 2016-06-30 | |
Improperly submitted |
Reinstatement with change of a previously approved collection | 2013-10-28 | |
Approved without change |
Reinstatement with change of a previously approved collection | 2005-11-15 | |
Approved without change |
New collection (Request for a new OMB Control Number) | 1994-07-14 |