# Conversion of Insured Credit Unions to Mutual Savings Banks
> **US National Credit Union Administration** · Interim final rule with request for comments. · Published 1998-11-27 · Effective 1998-11-27 · 63 FR 65532
## Document
- **Document number:** 98-31599
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 63 FR 65532
- **CFR reference:** 12 CFR 708
- **Publication date:** 1998-11-27
- **Effective date:** 1998-11-27
## Abstract

The NCUA is revising its rules that govern the conversion of insured credit unions to mutual savings banks or savings associations, if the savings associations are in mutual form. These revisions will simplify the charter conversion process and reduce regulatory burden for insured credit unions that choose to convert. NCUA is making these revisions in compliance with recent federal legislation that mandates such revisions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1998/11/27/98-31599/conversion-of-insured-credit-unions-to-mutual-savings-banks)
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