# 12 C.F.R. § 708a.110 (2026): Completion of conversion

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_110

## Section

- **Citation:** 12 C.F.R. § 708a.110 (2026)
- **Heading:** Completion of conversion
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 12 CFR: Banks and Banking / Chapter VII: NATIONAL CREDIT UNION ADMINISTRATION / Part 708a: BANK CONVERSIONS AND MERGERS / Subpart A: Conversion of Insured Credit Unions to Mutual Savings Banks / § 708a.110: § 708a.110   Completion of conversion.

## Text

(a) After receipt of the approvals under §§ 708a.108 and 708a.109 the credit union may complete the conversion.
(b) The credit union must complete the conversion within one year of the date of receipt of NCUA approval under § 708a.108. If a credit union fails to complete the conversion within one year the Regional Director will disapprove of the methods and procedures. The credit union's board of directors must then adopt a new conversion proposal and solicit another member vote if it still desires to convert.
(c) The Regional Director may, upon timely request and for good cause, extend the one year completion period for an additional six months.
(d) After notification by the board of directors of the mutual savings bank or mutual savings association that the conversion has been completed, the NCUA will cancel the insurance certificate of the credit union and, if applicable, the charter of a federal credit union.
[71 FR 77167, Dec. 22, 2006. Redesignated at 75 FR 81386, Dec. 28, 2010, as amended at 84 FR 1607, Feb. 5, 2019]

## Nearby sections

- [12 C.F.R. § 708a.101 (2026) § 708a.101   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_101.md)
- [12 C.F.R. § 708a.102 (2026) § 708a.102   Authority to convert.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_102.md)
- [12 C.F.R. § 708a.103 (2026) § 708a.103   Board of directors' approval and members' opportunity to comment.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_103.md)
- [12 C.F.R. § 708a.104 (2026) § 708a.104   Disclosures and communications to members.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_104.md)
- [12 C.F.R. § 708a.105 (2026) § 708a.105   Notice to NCUA.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_105.md)
- [12 C.F.R. § 708a.106 (2026) § 708a.106   Membership approval of a proposal to convert.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_106.md)
- [12 C.F.R. § 708a.107 (2026) § 708a.107   Certification of vote on conversion proposal.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_107.md)
- [12 C.F.R. § 708a.108 (2026) § 708a.108   NCUA oversight of methods and procedures of membership vote.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_108.md)
- [12 C.F.R. § 708a.109 (2026) § 708a.109   Other regulatory oversight of methods and procedures of membership vote.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_109.md)
- [12 C.F.R. § 708a.110 (2026) § 708a.110   Completion of conversion.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_110.md)
- [12 C.F.R. § 708a.111 (2026) § 708a.111   Limit on compensation of officials.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_111.md)
- [12 C.F.R. § 708a.112 (2026) § 708a.112   Voting incentives.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_112.md)
- [12 C.F.R. § 708a.113 (2026) § 708a.113   Voting guidelines.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_113.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_110. Check the current official text before relying on it. Not legal advice.