12 C.F.R. § 708b.104 Submission of merger proposal to the NCUA.
Title 12 - Banks and Banking
(a) Upon approval of the merger plan by the boards of directors of the credit unions, the credit unions must submit the following information to the Regional Director: (1) The merger plan, as described in this part; (2) Resolutions of the boards of directors; (3) Proposed Merger Agreement; (4) Proposed Notice of Special Meeting of the Members (for merging federal credit unions); (5) Copy of the form of Ballot to be sent to the members (for merging federal credit unions); (6) Evidence that the state's supervisory authority approves the merger proposal (for states that require such agreement before NCUA approval); (7) Application and Agreement for Insurance of Member Accounts (for continuing state credit unions desiring to become federally-insured); (8) If the merging credit union has $50 million or more in assets on its latest call report, a statement about whether the two credit unions intend to make a Hart-Scott-Rodino Act premerger notification filing with the Federal Trade Commission and, if not, an explanation why not; and (9) For mergers where the continuing credit union is not federally-insured and will not apply for federal insurance: (i) A written statement from the continuing credit union that it “is aware of the requirements of 12 U.S.C. 1831t(b), including all notification and acknowledgment requirements”; and (ii) Proof that the accounts of the credit union will be accepted for coverage by the nonfederal insurer (if the credit union will have nonfederal insurance). (b) [Reserved]
Title 12: Banks and Banking
PART 708b—MERGERS OF FEDERALLY-INSURED CREDIT UNIONS; VOLUNTARY TERMINATION OR CONVERSION OF INSURED STATUS
Subpart A—Mergers
§ 708b.104 Submission of merger proposal to the NCUA.
