StacksVerified U.S. regulatory reference

12 CFR §708a.302

Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗
A credit union, with the approval of its members, may merge into a bank only with the prior approval of NCUA, the Federal Deposit Insurance Corporation, and the regulator of the bank. If the credit union is State chartered, it also needs the prior approval of its State regulator.