1. LawStack
  2. Title 12 - Banks and Banking
  3. Chapter VII - NATIONAL CREDIT UNION ADMINISTRATION
  4. Subchapter A - REGULATIONS AFFECTING CREDIT UNIONS
  5. Part 708a - BANK CONVERSIONS AND MERGERS
  6. Subpart C - Merger of Insured Credit Unions Into Banks
  7. 12 CFR § 708a.302
12 CFR § 708a.302
Authority to merge
November 10, 2020
CFR

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.

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§ 708a.301 Definitions
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§ 708a.303 Board of directors' approval and members' opportunity to comment

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