# 12 C.F.R. § 747.208 (2026): Duties after termination

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_208

## Section

- **Citation:** 12 C.F.R. § 747.208 (2026)
- **Heading:** Duties after termination
- **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 747: ADMINISTRATIVE ACTIONS, ADJUDICATIVE HEARINGS, RULES OF PRACTICE AND PROCEDURE, AND INVESTIGATIONS / Subpart C: Local Rules and Procedures Applicable to Proceedings for the Involuntary Termination of Insured Status / § 747.208: § 747.208   Duties after termination.

## Text

(a) After the termination of the insured status of any credit union under section 206(b) of the Act (12 U.S.C. 1786(b)), insurance of its member accounts to the extent they were insured on the effective date of such termination, less any amounts thereafter withdrawn which reduce the accounts below the amount covered by insurance on the effective date of such termination, shall continue for a period of one year, but no shares issued by the credit union or deposits made after the date of such termination shall be insured by the NCUA Board.
(b) The credit union shall continue to pay premiums to the NCUA Board during such period and the Board shall have the right to examine the credit union from time to time during the period. The credit union shall, in all other respects, be subject to the duties and obligations of an insured credit union during the one year period. If the credit union is closed for liquidation within this period, the Board shall have the same powers and rights with respect to such credit union as in the case of an insured credit union.
[56 FR 37767, Aug. 8, 1991; 57 FR 523, Jan. 7, 1992]

## Nearby sections

- [12 C.F.R. § 747.201 (2026) § 747.201   Scope.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_201.md)
- [12 C.F.R. § 747.202 (2026) § 747.202   Grounds for termination of insurance.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_202.md)
- [12 C.F.R. § 747.203 (2026) § 747.203   Notice of charges.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_203.md)
- [12 C.F.R. § 747.204 (2026) § 747.204   Notice of intention to terminate insured status.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_204.md)
- [12 C.F.R. § 747.205 (2026) § 747.205   Order terminating insured status.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_205.md)
- [12 C.F.R. § 747.206 (2026) § 747.206   Consent to termination of insured status.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_206.md)
- [12 C.F.R. § 747.207 (2026) § 747.207   Notice of termination of insured status.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_207.md)
- [12 C.F.R. § 747.208 (2026) § 747.208   Duties after termination.](https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_208.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T12_P747_S747_208. Check the current official text before relying on it. Not legal advice.