708b.1—Scope.
(a)
Subpart A of this partprescribes the procedures for merging one or more credit unions with a continuing credit union where at least one of the credit unions is federally-insured.
(b)
Subpart B of this partprescribes the procedures and notice requirements for termination of federal insurance or conversion of federal insurance to nonfederal insurance, including termination or conversion resulting from a merger.
(c)
Subpart C prescribes required forms for use in conversion of federal insurance to nonfederal insurance.
(d)
Nothing in this partrestricts or otherwise impairs the authority of the NCUA to approve a merger pursuant to section 205(h) of the Act.
(e)
This part does not address procedures or requirements that may be applicable under state law for a state credit union.