October 23, 1997
Brendan Bridgeland, Research Assistant
1130 Massachusetts Avenue
2nd Floor
Cambridge, MA 02138
Dear Mr. Bridgeland:
You have requested copies of the history, comments and draft regulations
relating to the National Credit Union Administration's (NCUA's)
regulations concerning a credit union converting to a stock company.
On March 8, 1995, the NCUA Board passed a final regulation addressing
the conversions of credit unions to non credit union institutions.
12 C.F.R. Part 708a. Attached for your information are the Federal
Register copies of the proposed rule, the interim final rule and
the final rule. 59 FR 33702 (June 30, 1994), 59 FR 48790 (September
23, 1994) and 60 FR 12659 (March 8, 1995). These documents discuss
the history and comments leading up to the final rule.
Sincerely,
Sheila A. Albin
Associate General Counsel
GC/MFR:bhs
SSIC 3000
97-1017
Enclosures