2103002 Informal Interpretation

Date:

Tags:

Rule:
801.2
Staff:
Kathryn Walsh

Question

From: Walsh, Kathryn E.


Sent: Wednesday, March 3, 2021 11:39:55 AM (UTC-05:00) Eastern Time (US & Canada)


To: [Redacted]


Cc: [Redacted]


Subject: FW: Credit Union Mergers

Both parties to a credit union merger must file, assuming all statutory thresholds are met.

From: [Redacted]


Sent: Wednesday, March 3, 2021 9:12:48 AM (UTC-05:00) Eastern Time (US & Canada)


To: [Redacted]


Subject: Credit Union Mergers

Hi all,

I have a dumb but very quick question. For credit union mergers—if the target’s total non-exempt assets exceed $92 million (and the size of persons test is met)—both parties (acquiring and acquired) need to file, correct? There isn’t some special rule where only the acquiring credit union files. Correct?

 

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