CFR > Title 12 - Banks and Banking > CHAPTER VII—NATIONAL CREDIT UNION ADMINISTRATION > SUBCHAPTER A—REGULATIONS AFFECTING CREDIT UNIONS (parts 700 to 761) > PART 708a—BANK CONVERSIONS AND MERGERS > SUBPART A—Conversion of Insured Credit Unions to Mutual Savings Banks (§708a.1 to §708a.113) > 708a.1—Definitions.

708a.1—Definitions.

As used in this part:
Clear and conspicuous means text in bold type in a font size at least one size larger than any other text used in the document (exclusive of headings), but in no event smaller than 12 point.
Credit union has the same meaning as insured credit union in section 101 of the Federal Credit Union Act.
Federal banking agencies have the same meaning as in section 3 of the Federal Deposit Insurance Act.
Mutual savings bank and savings association have the same meaning as in section 3 of the Federal Deposit Insurance Act.
Regional director means the director of the NCUA regional office for the region where a natural person credit union's main office is located. For corporate credit unions, regional director means the director of NCUA's Office of Corporate Credit Unions.
Senior management official means a chief executive officer, an assistant chief executive officer, a chief financial officer, and any other senior executive officer as defined by the appropriate federal banking agencies pursuant to section 32(f) of the Federal Deposit Insurance Act.

Code of Federal Regulations

Editorial Note: At 75 FR 80680, Dec. 23, 2010, § 708a.1 was amended by adding a definition for ‘Regional director’; however, the amendment could not be incorporated because the definition already exists.

Code of Federal Regulations

§ 708a.1 , Nt.

Code of Federal Regulations

Effective Date Note: At 75 FR 81386, Dec. 28, 2010, § 708a.1 was redesignated to 708a.101 and amended by adding definitions of “conducted by an independent entity,” “independent entity,” and “secret ballot”, effective Jan. 27, 2011. For the convenience of the user, the added text is set forth as follows: