12 CFR 708b.108
§ 708b.108 Completion of merger.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 708b.108, § 708b.108 Completion of merger, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48553
- Permanent ID
ys:prov:48553@1- SHA-256
40f79e16c3b6756a9b1155ff69b317d933d688b444670123eb01837987f17431
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Upon approval of the merger proposal by the NCUA and by the state supervisory authority (where the continuing or merging credit union is a state credit union) and by the members of each credit union where required, the credit unions may complete the merger.
(b) Upon completion of the merger, the board of directors of the continuing credit union must certify the completion of the merger to the Regional Director within 30 days after the effective date of the merger.
(c) Upon the NCUA's receipt of certification that the merger has been completed, the NCUA will cancel the charter of the merging federal credit union (if applicable) and the insurance certificate of any merging federally insured credit union.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.