12 CFR 708a.302
§ 708a.302 Authority to merge.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 708a.302, § 708a.302 Authority to merge, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48531
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.