NCUA Letter to Credit Unions (18-CU-03): Merger Rule Provisions Including the Member-to-Member (MTM) Communications Process

ALEXANDRIA, Va. - NCUA sent a Letter to Credit Unions (18-CU-03) that explains various key provisions of the recently revised NCUA Regulation affecting federally insured credit union mergers. The changes are effective October 1, 2018 and apply to proposed merger applications received by the NCUA or the applicable State Supervisory Authority on or after this date.

The revisions include a provision to facilitate the sharing of member-to-member (MTM) communications of a federally insured credit union regarding the proposed merger of their credit union. To facilitate this provision, the NCUA’s Office of Credit Union Resources and Expansion (CURE) established an MTM communication process.

Read the Letter to Credit Unions

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