The “recommended” designation means there is no law or regulation that requires it, but is recommended because the examiners will want to see it.  This is often based on letters to credit unions or Interagency Guidance that don’t have the force of regulation.  Credit unions are free to disregard this advice and omit the recommended verbiage, but it will likely appear on an exam report that a CU doesn’t have this information in a given policy.

If you have any additional questions or need further assistance, please contact the support team at policysupport@cusolutionsgroup.com