NCUA Proposes Changes to Disclosure Forms for Mergers of Federally-Insured Credit Unions

Summary

The NCUA Board is proposing amendments to disclosure forms related to mergers and conversions of federally-insured credit unions, informing members that private insurance funds may not be backed by the full faith and credit of the US government, and that shares not covered for one year may no longer be insured by the federal government or any other entity.