GroundRules
12 CFR 708a.302: a.302 Authority to merge.
Where this section sits in the code
- Title 12—Banks and Banking
- CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION
- SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS
- PART 708a—BANK CONVERSIONS AND MERGERS
- Subpart C—Merger of Insured Credit Unions Into Banks
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.
Collected 2026-08-27T02:24:16Z. Source file · JSON