# Voluntary Liquidation
> **US National Credit Union Administration** · Final rule. · Published 2014-06-26 · Effective 2014-07-28 · 79 FR 36196
## Document
- **Document number:** 2014-14885
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 79 FR 36196
- **CFR reference:** 12 CFR 710
- **Publication date:** 2014-06-26
- **Effective date:** 2014-07-28
## Abstract

The NCUA Board (Board) is issuing a final rule to amend its voluntary liquidation regulation to reduce administrative burdens on voluntarily liquidating federal credit unions (FCUs) and recognize technological advances by: Permitting liquidating FCUs to publish required creditor notices in either electronic media or newspapers of general circulation; increasing the asset-size threshold for requiring multiple creditor notices; requiring that preliminary partial distributions to members not exceed the National Credit Union Share Insurance Fund (NCUSIF) insurance limit for any member share account; specifying when liquidating FCUs must determine member share balances for the purposes of distributions; and permitting liquidating FCUs to distribute member share payouts either by wire or other electronic means or by mail or personal delivery.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2014/06/26/2014-14885/voluntary-liquidation)
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