Which statement is true regarding retainability of electronic disclosures?

The correct answer indicates that members can retain electronic disclosures by storing or printing them. This is important because it highlights the flexibility that consumers have in managing their disclosures. Electronic disclosures are designed to be accessible and manageable for members, allowing them to choose how they keep important information.

By offering the option to either store the documents digitally or print them out, credit unions ensure that consumers can easily access the information when needed, whether it's through personal devices or in hard copy. This aligns with consumer protection regulations, which emphasize that consumers should have the ability to access and review their disclosures at any time.

The requirement for retaining disclosures serves to empower consumers, giving them ownership and control over their financial information. It is not mandatory for a credit union to print these disclosures or require specific storage methods like cloud storage, as long as the member can retain and access the information effectively.