12 CFR § 708a.102 - Authority to convert.

---
identifier: "/us/cfr/t12/s708a.102"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 708a.102 - Authority to convert."
title_number: 12
title_name: "Banks and Banking"
section_number: "708a.102"
section_name: "Authority to convert."
chapter_name: "NATIONAL CREDIT UNION ADMINISTRATION"
subchapter_number: "A"
subchapter_name: "REGULATIONS AFFECTING CREDIT UNIONS"
part_number: "708a"
part_name: "BANK CONVERSIONS AND MERGERS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1766, 1785(b), and 1785(c)."
regulatory_source: "71 FR 77167, Dec 22, 2006, unless otherwise noted."
cfr_part: "708a"
---


# 708a.102 Authority to convert.

A credit union, with the approval of its members, may convert to a mutual savings bank or a savings association that is in mutual form without the prior approval of the NCUA, subject to applicable law governing mutual savings banks and savings associations and the other requirements of this part.

[71 FR 77167, Dec. 22, 2006. Redesignated at 75 FR 81386, Dec. 28, 2010]