Mergers or Conversions of Federally-Insured Credit Unions to Non Credit Union Status: NCUA Approval

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On December 4, 1997 (62 FR 64185), the National Credit Union Administration (NCUA) published for public comment a proposed rule regarding disclosure statements for federally-insured credit unions proposing to convert to noncredit union status. The comment period for this proposed rule was to have expired on February 2, 1998. At the request of a trade association and to encourage additional comments, the NCUA Board has decided to extend the comment period on the proposed rule. The extended comment period now expires February 16, 1998.