Section 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.