From: Walsh, Kathryn E.
Sent: Wednesday, March 3, 2021 11:39:55 AM (UTC-05:00) Eastern Time (US & Canada)
Subject: FW: Credit Union Mergers
Both parties to a credit union merger must file, assuming all statutory thresholds are met.
Sent: Wednesday, March 3, 2021 9:12:48 AM (UTC-05:00) Eastern Time (US & Canada)
Subject: Credit Union Mergers
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?