United States Government Publishing Office publisher pbl distributor dst United States National Archives and Records Administration Office of the Federal Register author aut Government Organization text government publication eng FR Regulatory Information 2005_register executive 2010-09-23 article Rules and Regulations D09002ee1c81226bb D09002ee1c8122726 United States National Credit Union Administration originator org United States Government Agency or Subagency The National Credit Union Administration (NCUA) is issuing final revisions to its rule on credit union mergers, federal share insurance terminations, and conversions from federal share insurance to nonfederal insurance. The final rule establishes disclosure requirements to ensure that members have the opportunity to be fully and properly informed before they vote on whether to convert from federal insurance to nonfederal insurance. The rule provides protections to members who may lose federal insurance because they have large insured accounts at two federally-insured credit unions that are merging or they have term accounts at a federally-insured credit union that is converting to nonfederal insurance. The rule also requires merging credit unions to analyze the premerger requirements imposed on credit unions by the Hart-Scott-Rodino Act and provides other miscellaneous updates to the existing rule governing credit union mergers, terminations, and conversions of share insurance. 70 FR 3279 https://www.govinfo.gov/app/details/FR-2005-01-24/05-1165 05-1165 fr24ja05-1 7535-01-P https://www.govinfo.gov/app/details/FR-2005-01-24/05-1165 https://www.govinfo.gov/content/pkg/FR-2005-01-24/html/05-1165.htm https://www.govinfo.gov/content/pkg/FR-2005-01-24/pdf/05-1165.pdf Credit Unions Mergers of Credit Unions Reporting and Recordkeeping Requirements 18 p. 3279 3296 70 FR 3279 Title 12 Part 708 12 CFR Part 708 Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status; Federal Register Vol. 70, Issue RULE 05-1165 NATIONAL CREDIT UNION ADMINISTRATION 2005-02-23 7535-01-P 05-1165 Final rule.

The National Credit Union Administration (NCUA) is issuing final revisions to its rule on credit union mergers, federal share insurance terminations, and conversions from federal share insurance to nonfederal insurance. The final rule establishes disclosure requirements to ensure that members have the opportunity to be fully and properly informed before they vote on whether to convert from federal insurance to nonfederal insurance. The rule provides protections to members who may lose federal insurance because they have large insured accounts at two federally-insured credit unions that are merging or they have term accounts at a federally-insured credit union that is converting to nonfederal insurance. The rule also requires merging credit unions to analyze the premerger requirements imposed on credit unions by the Hart-Scott-Rodino Act and provides other miscellaneous updates to the existing rule governing credit union mergers, terminations, and conversions of share insurance.

This rule is effective February 23, 2005. Paul Peterson, Staff Attorney, Credit Unions Mergers of Credit Unions Reporting and Recordkeeping Requirements Credit unions: Mergers of federally-insured credit unions; voluntary termination or conversion of insured status; communication and disclosure requirements, Vol. 70, no. 14 Office of the Federal Register, National Archives and Records Administration 2005-01-24 continuing daily deposited born digital 207 p. Table of Contents: AE 2.7: GS 4.107: AE 2.106: KF70.A2 https://www.govinfo.gov/app/details/FR-2005-01-24 P0b002ee180997526 0097-6326 0042-1219 0364-1406 769-004-00000-9 000582072 f:fr24ja05 https://www.govinfo.gov/app/details/FR-2005-01-24 https://www.govinfo.gov/content/pkg/FR-2005-01-24/pdf/FR-2005-01-24.pdf https://www.govinfo.gov/content/pkg/FR-2005-01-24/xml/FR-2005-01-24.xml fdlp 3279 3471 DGPO 2010-09-23 2024-06-06 FR-2005-01-24 machine generated eng FR FR-2005-01-24 70 14