# Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status
> **US National Credit Union Administration** · Final rule. · Published 1998-03-04 · Effective 1998-04-01 · 63 FR 10518
## Document
- **Document number:** 98-5452
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 63 FR 10518
- **CFR reference:** 12 CFR 708
- **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
- [Federal Register document](https://www.federalregister.gov/documents/1998/03/04/98-5452/mergers-of-federally-insured-credit-unions-voluntary-termination-or-conversion-of-insured-status)
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