12 CFR § 708a.302 - Authority to merge.

---
identifier: "/us/cfr/t12/s708a.302"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 708a.302 - Authority to merge."
title_number: 12
title_name: "Banks and Banking"
section_number: "708a.302"
section_name: "Authority to merge."
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.302 Authority to merge.

A credit union, with the approval of its members, may merge into a bank only with the prior approval of NCUA, the Federal Deposit Insurance Corporation, and the regulator of the bank. If the credit union is State chartered, it also needs the prior approval of its State regulator.