# Conversion of Insured Credit Unions to Mutual Savings Banks
> **US National Credit Union Administration** · Final rule. · Published 2006-12-22 · Effective 2007-01-22 · 71 FR 77150
## Document
- **Document number:** E6-21661
- **Category:** final-rule
- **Agency:** US National Credit Union Administration
- **Federal Register citation:** 71 FR 77150
- **CFR reference:** 12 CFR 708
- **Publication date:** 2006-12-22
- **Effective date:** 2007-01-22
## Abstract

The National Credit Union Administration (NCUA) is issuing final revisions to its rules regarding the conversion of insured credit unions to mutual savings banks or mutual savings associations. The final rule improves the information available to members and the board of directors as they consider a possible conversion. The final rule includes revised disclosures, revised voting procedures, procedures to facilitate communications among members, and procedures for members to provide their comments to directors before the credit union board votes on a conversion plan.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2006/12/22/E6-21661/conversion-of-insured-credit-unions-to-mutual-savings-banks)
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