# 12 C.F.R. § 708a.309 (2026): Completion of merger

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P708a_S708a_309

## Section

- **Citation:** 12 C.F.R. § 708a.309 (2026)
- **Heading:** Completion of 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.309: § 708a.309   Completion of merger.

## Text

(a) After receipt of the approvals under §§ 708a.302 and 708a.308 a credit union may complete the merger.
(b) The credit union must complete the merger within one year of the date of NCUA approval under § 708a.308. If a credit union fails to complete the merger within one year the Regional Director will disapprove the merger. The credit union's board of directors must then adopt a new merger proposal and solicit another member vote if it still desires to merge.
(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 bank that the merger has been completed, the NCUA will cancel the insurance certificate of the credit union and, if applicable, the charter of a Federal credit union.

## 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_309. Check the current official text before relying on it. Not legal advice.