Each member’s share account is transferred to the continuing credit union. Accrued dividend credit is also transferred. On the effective date of the merger, each merging credit union member has full membership rights to all the financial services provided by the continuing credit union.
What happens to a member’s share account when an insured credit union is merged into another insured credit union? Print
Modified on: Wed, Nov 6, 2019 at 5:20 AM
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