Get the free Certification of Vote on Merger Proposal and Conversion to Nonfederally Insured Stat...

This form is used by federal credit unions to certify the completion of a membership vote on a merger proposal and conversion to nonfederally insured status, including documentation of the vote results.

How to fill out certification of vote on

How to fill out Certification of Vote on Merger Proposal and Conversion to Nonfederally Insured Status of the Credit Union (Merging)

1. Begin by downloading the Certification of Vote form specific to the merger proposal.
2. Enter the name of both credit unions involved in the merger at the top of the form.
3. Fill in the date of the vote in the designated space.
4. Indicate the total number of votes cast by members for the merger.
5. Record the number of votes in favor of the merger.
6. Specify any votes against the merger if applicable.
7. Confirm that the vote adheres to the bylaws and regulations set forth for such proposals.
8. Have the Board of Directors or designated officials sign the form where required.
9. Submit the completed form to the appropriate regulatory authorities.

Who needs Certification of Vote on Merger Proposal and Conversion to Nonfederally Insured Status of the Credit Union (Merging)?

1. The Certification of Vote is required for credit union officials, members, and regulatory bodies overseeing the merger process.
2. Credit unions considering a merger and conversion to nonfederally insured status need this certification.
3. Members who participate in the voting process should also be aware of this certification.

For pdfFiller’s FAQs

What is Certification of Vote on Merger Proposal and Conversion to Nonfederally Insured Status of the Credit Union (Merging)?

The Certification of Vote on Merger Proposal and Conversion to Nonfederally Insured Status of the Credit Union is a formal document that certifies the results of a vote conducted among the members of a credit union regarding a proposal to merge with another institution and to change the credit union's insurance status.

Who is required to file Certification of Vote on Merger Proposal and Conversion to Nonfederally Insured Status of the Credit Union (Merging)?

The credit union's management or governing board is required to file the Certification of Vote after conducting the vote among its members regarding the merger proposal and the conversion to nonfederally insured status.

How to fill out Certification of Vote on Merger Proposal and Conversion to Nonfederally Insured Status of the Credit Union (Merging)?

To fill out the Certification of Vote, the credit union must provide details about the vote, including the date of the vote, the number of eligible voters, the number of votes cast, and the outcome of the vote. It should also include signatures from the appropriate officials, affirming the accuracy of the information provided.

What is the purpose of Certification of Vote on Merger Proposal and Conversion to Nonfederally Insured Status of the Credit Union (Merging)?

The purpose of the Certification of Vote is to document the decision made by the members of the credit union regarding the proposed merger and conversion, providing official evidence of the members' approval or disapproval as part of regulatory compliance.

What information must be reported on Certification of Vote on Merger Proposal and Conversion to Nonfederally Insured Status of the Credit Union (Merging)?

The report must include the total number of members eligible to vote, the number of votes cast, the number of votes in favor and against the merger and conversion, and the date of the vote. Additionally, it must include the official signatures of the credit union's officials validating the vote results.