[Federal Register Volume 78, Number 172 (Thursday, September 5, 2013)]
[Notices]
[Pages 54682-54683]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-21495]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Submission to OMB for 
Reinstatement, With Change, of a Previously Approved Collection; 
Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Request for comment.

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SUMMARY: The NCUA intends to submit the following information 
collection to the Office of Management and Budget (OMB) for review and 
clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 
U.S.C. Chapter 35). This information collection is related to the 
Federal Credit Union (FCU) Bylaws and is being published to obtain 
comments from the public. The bylaws address a broad range of matters 
concerning: An FCU's organization and governance; the FCU's 
relationship to members; and the procedures and rules an FCU follows.

DATES: Comments will be accepted until October 7, 2013.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA and OMB Contacts listed below:
    NCUA Contact: Tracy Crews, National Credit Union Administration, 
1775 Duke Street, Alexandria, Virginia 22314-3428, Fax No. 703-837-
2861, Email: [email protected].
    OMB Contact: Office of Management and Budget, ATTN: Desk Officer 
for the National Credit Union Administration, Office of Information and 
Regulatory Affairs, Washington, DC 20503.

FOR FURTHER INFORMATION CONTACT: Requests for additional information, a 
copy of the information collection request, or a copy of submitted 
comments should be directed to Tracy Crews, NCUA, 1775 Duke Street, 
Alexandria, VA 22314-3428, or at (703) 518-6444. Requests for 
additional information about the FCU Bylaws should be directed to Susan 
Ryan, NCUA Consumer Access Analyst, at the same address, in the Office 
of Consumer Protection, Division of Consumer Access, (703) 518-1150, 
[email protected].

SUPPLEMENTARY INFORMATION:

I. Abstract and Request for Comments

    The FCU Act requires the NCUA Board to prepare bylaws for FCUs. 12 
U.S.C. Part 1758. After consideration of public comment, the NCUA Board 
adopted the FCU Bylaws and incorporated them into NCUA's regulations at 
12 CFR 701.2, and Appendix A to part 701, in 2007. Unless a federal 
credit union adopted its bylaws before November 30, 2007, it must adopt 
the 2007 bylaws. FCUs use the information they collect and maintain 
pursuant to their bylaws in their operations and to provide services to 
members. NCUA uses the information both to regulate the safety and 
soundness of FCUs and protect the National Credit Union Share Insurance 
Fund.
    NCUA is issuing this notice and request for comment on the 
reinstatement and amendment of the previously approved information 
collection PRA number related to the FCU Bylaws, 3133-0052. Staff has 
incorporated into this collection other previously expired or combined 
information collections also related to the bylaws, including 3133-0057 
and 3133-0081. The amount of burden hours is decreasing as a result of 
technology and the continuing trend of annual decreases in the number 
of FCUs.
    NCUA staff reviewed each of the articles of the FCU Bylaws to 
identify all current information collection requirements. As a 
preliminary matter, those persons choosing to organize a new FCU must 
comply with certain information collection requirements upon starting 
the FCU and first adopting these bylaws. Over the past three years, 
organizers have established an average of approximately two new FCUs 
each year. We estimate each new FCU must spend approximately 20 hours 
to initially comply with the bylaws' information collection 
requirements (ICR), for a total annual collection of 40 hours.
    For current FCUs, it has been a usual and customary business 
practice, since their initial charter dates, to collect and

[[Page 54683]]

maintain any information as specified the bylaws. NCUA staff also 
reviewed each Article of the FCU Bylaws to estimate current annual 
burden hours for FCUs attached to each ICR, and we have listed these 
estimates below in the Data section.
    NCUA does not believe that FCUs will incur any additional labor 
costs as a result of the bylaw requirements since these are in 
accordance with the FCUs' usual and customary business practices. The 
FCU bylaws address integral parts of an FCU's operations as member-
owned, not-for-profit financial cooperatives. Since an FCU could not 
operate as federally chartered and insured credit union without 
complying with these collections, there is no additional labor cost 
burden.
    The NCUA requests that you send your comments on this collection to 
the location listed in the addresses section. Your comments should 
address: (a) The necessity of the information collection for the proper 
performance of NCUA, including whether the information will have 
practical utility; (b) the accuracy of our estimate of the burden 
(hours and cost) of the collection of information, including the 
validity of any methodology and assumptions used; (c) ways we could 
enhance the quality, utility, and clarity of the information to be 
collected; and (d) ways we could minimize the burden of the collection 
of the information on the respondents such as through the use of 
automated collection techniques or other forms of information 
technology. It is NCUA's policy to make all comments available to the 
public for review.

II. Data

    Title: Federal Credit Union (FCU) Bylaws, 12 CFR Sec.  701.2, and 
App. A to Part 701.
    OMB Number: 3133-0052.
    Form Number: N/A.
    Type of Review: Reinstatement, with change.
    Description: FCUs use the information they collect and maintain 
pursuant to their bylaws in their operations and to provide services to 
members. NCUA uses the information both to regulate the safety and 
soundness of FCUs and protect the National Credit Union Share Insurance 
Fund.
    Respondents: All FCUs and, for Art. 2, estimated number of new FCU 
members (per year).
    Estimated No. of Respondents/Recordkeepers: 4,220 FCUs and 
1,461,335 new members = 1,465,555.
    Frequency of Response: Recordkeeping, Reporting and on occasion.
    Estimated Total Annual Hours Requested: 458,477.75.
    Estimated Total Annual Cost: N/A.
    Specifically, NCUA Staff identified the following articles as 
containing ICRs with the following number of respondents and the 
estimated annual burden in hours, as follows:
    ICRs related to FCU Bylaws, specifically for newly chartered FCUs:
    Respondents/record-keepers: 2 per year.
    Estimated annual burden: 20 hours.
    Total annual hours: 40 hours.
    ICRs related to Bylaws for all FCUs:

Article II. Qualifications for Membership

    ICR: Membership applications.
    Respondents: 1,461,335 new members of FCUs.
    Estimated Annual Burden: 15 minutes per application.
    Total Annual Hours: 365,334.
    ICR: Membership denial.
    Respondents/record-keepers: 1055 [\1/4\ of all FCUs deny one member 
per year].
    Estimated Annual Burden: 15 minutes per denial.
    Total Annual Hours: 263.75.

Article IV. Meetings of Members

    ICR: Notices related to member meetings.
    Respondents/record-keepers: All FCUs (4,220).
    Estimated Annual Burden: 1 hour.
    Total Annual Hours: 4,220.

Article V. Elections

    ICR: Collecting and maintaining information for FCU elections.
    Respondents/record-keepers: All FCUs (4,220).
    Estimated Annual Burden: 8 hours.
    Total Annual Hours: 33,760.
    *Please note Article V, section 6, contains an ICR on the report of 
officials.
    This ICR is addressed in another NCUA PRA submission, 3133-0004.

Article VI. Board of Directors

    ICR: Board meeting notices.
    Respondents/record-keepers: All FCUs (4,220).
    Estimated Annual Burden: 1 hour.
    Total Annual Hours: 4,220.

Article XVI. General

    ICR: FCU recordkeeping specified in sections 5 and 6. This 
includes, for example, the time that it takes each FCU time to prepare 
and maintain the minutes of its board meetings, annual meeting, and 
committees meetings. NCUA's estimate also includes retention of the 
FCU's certificate of incorporation, bylaws, and any records of bylaw 
amendments, which occur infrequently.
    Respondents/record-keepers: All FCUs (4,220).
    Estimated Annual Burden: 12 hours (1 hour per month).
    Total Annual Hours: 50,640.

    By the National Credit Union Administration Board on August 29, 
2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-21495 Filed 9-4-13; 8:45 am]
BILLING CODE 7535-01-P