The League – Fostering Financial Wellbeing for All

NCUA: 12 CFR 708b

Truth in Savings (Reg. DD)
TITLE 12 — Banks and Banking
CHAPTER VII — NATIONAL CREDIT UNION ADMINISTRATION
SUBCHAPTER A — REGULATIONS AFFECTING CREDIT UNIONS
PART 708b — MERGERS OF FEDERALLY-INSURED CREDIT UNIONS; VOLUNTARY TERMINATION OR CONVERSION OF INSURED STATUS
§ 708b.1 Scope. (a) Subpart A of this partprescribes the procedures for merging one or more credit unions with a continuing credit union where at least one of the credit unions is federally-insured.
§ 708b.2 Definitions….

Subpart A — MERGERS
§ 708b.101 Mergers generally.
§ 708b.102 Special provisions for federal insurance.
§ 708b.103 Preparation of merger plan.
§ 708b.104 Submission of merger proposal to the NCUA.
§ 708b.105 Approval of merger proposal by the NCUA.
§ 708b.106 Approval of the merger proposal by members.
§ 708b.107 Certification of vote on merger proposal.
§ 708b.108 Completion of merger.