Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status

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On December 4, 1997 (62 FR 64187), 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 nonfederal insurance or to terminate federal insurance. 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.