Bank to Credit Union - FDIC Insurance termination

Posted By: Compli(cated)

Bank to Credit Union - FDIC Insurance termination - 03/15/13 07:29 PM

I am not even sure if this is the correct forum, but here goes: if a bank is being acquired by a credit union, is there a specific requirement to notify its customers about the change from FDIC to NCUA deposit insurance? Or aboutjust the FDIC insurance terminating?

Could not find anything, any input is greatly appreciated!