# Conversion of Insured Credit Unions to Mutual Savings Banks
> **US National Credit Union Administration** · Final rule. · Published 1999-05-27 · Effective 1999-06-28 · 64 FR 28733
## Document
- **Document number:** 99-13307
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 64 FR 28733
- **CFR reference:** 12 CFR 708
- **Publication date:** 1999-05-27
- **Effective date:** 1999-06-28
## Abstract

The NCUA is issuing a final rule that revises its rules governing the conversion of insured credit unions to mutual savings banks or mutual savings associations. These revisions 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 federal legislation that mandates such revisions.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1999/05/27/99-13307/conversion-of-insured-credit-unions-to-mutual-savings-banks)
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