12 CFR 708a.102
§ 708a.102 Authority to convert.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 708a.102, § 708a.102 Authority to convert, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48516
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Full text
A credit union, with the approval of its members, may convert to a mutual savings bank or a savings association that is in mutual form without the prior approval of the NCUA, subject to applicable law governing mutual savings banks and savings associations and the other requirements of this part.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.