Final emergency merger, reorganization rules on NCUA agenda

The NCUA board will consider final rules on emergency mergers and agency reorganization at its Thursday meeting, the final of 2017. The meeting is scheduled to begin at 10 a.m. (ET) Dec. 14, and will be streamed live on NCUA’s website.

CUNA supported the merger proposed rule in its October comment letter.

The rule would:

• Refine the current definition of the term “in danger of insolvency,” as it pertains to emergency mergers of under-capitalized credit unions, and to expand the eligibility for emergency mergers;

 

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