12 CFR 708b.201 - Termination of insurance.
(d) Termination of federal insurance requires the NCUA's prior written approval. A credit union must notify the NCUA and request approval of the termination through the Regional Director in writing at least 90 days before the proposed termination date and within one year after obtaining the membership vote. The notice to the NCUA must include:
(e) The NCUA will approve or disapprove the termination in writing within 90 days after being notified by the credit union.