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Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status

NCUA · final-rule · Published 1998-03-04 · Effective 1998-04-01 · 63 FR 10518

Document

Document number
98-5452
Federal Register citation
63 FR 10518
CFR reference
12 CFR 708
Type
Rule
Action
Final rule.
Category
final-rule
Agency
US National Credit Union Administration
Publication date
1998-03-04
Effective date
1998-04-01

Abstract

The final rule amends the disclosure forms in NCUA's regulations relating to mergers and voluntary termination or conversion of insured status. The amendments inform the members that, if their credit union converts to nonfederal insurance, the private insurance fund insuring their accounts is not backed by the full faith and credit of the United States government. It also informs the members that, if their credit union terminates insurance, their shares, excluding those covered for one year, are no longer insured by the federal government or any other entity.

Source

Authoritative
Federal Register document
Machine
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