# 12 CFR § 708a.110: Completion of conversion

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.110

## Section

- **Citation:** 12 CFR § 708a.110
- **Heading:** Completion of conversion
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 12—Banks and Banking > CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION > SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS > PART 708a—BANK CONVERSIONS AND MERGERS > Subpart A—Conversion of Insured Credit Unions to Mutual Savings Banks

## 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 CFR § 708a.101 § 708a.101 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.101.md)
- [12 CFR § 708a.102 § 708a.102 Authority to convert.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.102.md)
- [12 CFR § 708a.103 § 708a.103 Board of directors' approval and members' opportunity to comment.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.103.md)
- [12 CFR § 708a.104 § 708a.104 Disclosures and communications to members.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.104.md)
- [12 CFR § 708a.105 § 708a.105 Notice to NCUA.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.105.md)
- [12 CFR § 708a.106 § 708a.106 Membership approval of a proposal to convert.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.106.md)
- [12 CFR § 708a.107 § 708a.107 Certification of vote on conversion proposal.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.107.md)
- [12 CFR § 708a.108 § 708a.108 NCUA oversight of methods and procedures of membership vote.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.108.md)
- [12 CFR § 708a.109 § 708a.109 Other regulatory oversight of methods and procedures of membership vote.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.109.md)
- [12 CFR § 708a.110 § 708a.110 Completion of conversion.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.110.md)
- [12 CFR § 708a.111 § 708a.111 Limit on compensation of officials.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.111.md)
- [12 CFR § 708a.112 § 708a.112 Voting incentives.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.112.md)
- [12 CFR § 708a.113 § 708a.113 Voting guidelines.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.113.md)
- [12 CFR § 708a.301 § 708a.301 Definitions.](https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.301.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-12-708a.110. Check the current official text before relying on it. Not legal advice.