Merger Forms
Iowa state-chartered credit unions may merge with another credit union in accordance with Iowa Code Section 533.401. The membership vote must comply with the rules established in Iowa Administrative Code Chapter 189.12.6 if the merging credit union is an Iowa Credit Union. Please refer to the guidelines and checklist to determine which forms to complete during each step of the process. All forms necessary to complete the merger process are listed on this page.
All merger applications submitted to the Division after September 1, 2018 will have to comply with new NCUA regulations about mergers. It is important that all credit unions considering a merger or charter conversion review this rule to understand the additional requirements. The rule becomes effective October 1, 2018.
Highlights of the extra requirements include:
- Provide members a Notice of Vote/Balloting at least 45 days before the membership vote date,
- Disclose any increase in compensation above a stated threshold to the CEO, top 4 executive employees, and board or committee members,
- Provide a way for members to communicate about the merger.
The Division is reviewing all Iowa laws and rules to determine the overall impact this will have on Iowa state-chartered credit unions. We will adapt our forms to meet the new requirements.
Check this page often for form updates.
Most forms are created using Adobe PDF software. A link to obtain a free download of this software is located at the bottom of this page.
| Name | Revision Date | File |
|---|---|---|
| April 2016 | 
|
|
| Resolution of the Merging Board | April 2016 | Form |
| Confidentiality Agreement | June 2018 | Form |
| Merger Application | May 2015 | Web Form |
| Notice of Balloting | December 2018 |
|
| Financial Arrangement Certification | December 2018 | Form |
| Sample Ballot for Merger Proposal | February 2016 | Form |
| Probable Asset to Share Ratio Worksheet | February 2016 | |
| Consolidated Financial Statement | February 2016 |  Spreadsheet |
| Merger Agreement | April 2016 | Form |
| Certification of Merger Vote | February 2016 | Form |
| Certification of Completion | February 2016 | Form |
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