# 12 C.F.R. § 708a.308 (2026): NCUA approval of the merger

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_308

## Section

- **Citation:** 12 C.F.R. § 708a.308 (2026)
- **Heading:** NCUA approval of the merger
- **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 C: Merger of Insured Credit Unions Into Banks / § 708a.308: § 708a.308   NCUA approval of the merger.

## Text

(a) The Regional Director will review the methods by which the membership vote was taken and the procedures applicable to the membership vote. The Regional Director will determine if the notices and other communications to members were accurate, not misleading, and timely; if the membership vote was conducted in a fair and legal manner; and if the credit union has otherwise met the requirements of this subpart, including whether there is substantial evidence that the factors in section 205(c) of the Act are satisfied.
(b) After completion of this review, the Regional Director will approve or disapprove the proposed merger. The Regional Director will issue the approval or disapproval within 30 calendar days of receipt from the credit union of the certification of the result of the membership vote required under § 708a.307, unless the Regional Director extends the period as necessary to request additional information or review the credit union's submission. The Regional Director's approval is conditional on the credit union completing the merger in the timeframes required by § 708a.309.
(c) If the Regional Director disapproves the methods by which the membership vote was taken or the procedures applicable to the membership vote, the Regional Director may direct that a new vote be taken.
(d) A merging credit union may request the Regional Director to reconsider the disapproval of a merger proposal and/or file an appeal with the NCUA Board in accordance with the procedures set forth in subpart B to part 746 of this chapter.
[75 FR 81387, Dec. 28, 2010, as amended at 82 FR 50293, Oct. 30, 2017]

## Nearby sections

- [12 C.F.R. § 708a.301 (2026) § 708a.301   Definitions.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_301.md)
- [12 C.F.R. § 708a.302 (2026) § 708a.302   Authority to merge.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_302.md)
- [12 C.F.R. § 708a.303 (2026) § 708a.303   Board of directors' approval and members' opportunity to comment.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_303.md)
- [12 C.F.R. § 708a.304 (2026) § 708a.304   Notice to NCUA and request to proceed with member vote.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_304.md)
- [12 C.F.R. § 708a.305 (2026) § 708a.305   Disclosures and communications to members.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_305.md)
- [12 C.F.R. § 708a.306 (2026) § 708a.306   Membership approval of a proposal to merge.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_306.md)
- [12 C.F.R. § 708a.307 (2026) § 708a.307   Certification of vote on merger proposal.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_307.md)
- [12 C.F.R. § 708a.308 (2026) § 708a.308   NCUA approval of the merger.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_308.md)
- [12 C.F.R. § 708a.309 (2026) § 708a.309   Completion of merger.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_309.md)
- [12 C.F.R. § 708a.310 (2026) § 708a.310   Limits on compensation of officials.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_310.md)
- [12 C.F.R. § 708a.311 (2026) § 708a.311   Voting incentives.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_311.md)
- [12 C.F.R. § 708a.312 (2026) § 708a.312   Voting guidelines.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_312.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_308. Check the current official text before relying on it. Not legal advice.