[Federal Register Volume 78, Number 187 (Thursday, September 26, 2013)]
[Notices]
[Pages 59377-59378]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-23478]


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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 published to obtain 
comments from the public and is not part of any new requirements or 
program changes. This information collection is related to credit 
unions that serve predominately low-income members and seek a low-
income designation from NCUA so they may benefit from certain statutory 
relief and receive assistance from the Community Development Revolving 
Loan Fund.

DATES: Comments will be accepted until October 28, 2013.

ADDRESSES: Interested parties are invited to submit written comments to 
the NCUA Contact and the OMB Reviewer 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 at the NCUA, 1775 Duke 
Street, Alexandria, VA 22314-3428, or at (703) 518-6444. For additional 
information about low-income designations, contact Susan Ryan in the 
NCUA Office of Consumer Protection, Division of Consumer Access, at the 
above address, or at (703) 518-1140.

SUPPLEMENTARY INFORMATION:

I. Abstract and Request for Comments

    NCUA is amending and reinstating the collection for 3133-0117. The 
collection of information requirement is for those credit unions 
seeking a low-income designation. A credit union's

[[Page 59378]]

member address data are utilized for analysis in the NCUA Low-Income 
Designation (LID) Tool. The LID Tool is a geocoding software program 
which analyzes member address data. A credit union's member address 
data are obtained either through the NCUA examination file or a credit 
union sends the data as an electronic attachment to NCUA. If the member 
address data are obtained through the examination process and the 
results of the LID Tool indicate the credit union serves predominantly 
low-income members, the credit union is notified it is eligible for the 
low-income designation. The credit union then must contact NCUA to opt 
for the designation. If the credit union wishes to have its data 
reviewed other than through the examination process, it may send an 
electronic member address data file for analysis in the LID Tool.
    If a credit union does not qualify for a low-income designation 
using the geocoding software LID Tool, it may submit a statistically 
valid sample of member income data as evidence it qualifies for the 
designation. Credit unions are permitted to draw this sample from loan 
files or a member survey.
    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 the 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: Designation of Low-Income Status.
    OMB Number: 3133-0117.
    Form Number: None.
    Type of Review: Reinstatement, with change, of a previously 
approved collection.
    Description: Credit unions that obtain a low-income designation 
benefit from certain statutory relief, including: Accepting nonmember 
deposits from any source; offering secondary capital accounts; an 
exemption from the aggregate loan limit for member business loans; and 
being eligible to receive assistance from the Community Development 
Revolving Loan Fund.
    Respondents: Certain credit unions serving predominantly low-income 
members.
    Estimated Number of Respondents/Recordkeepers: 265 (260 credit 
unions requesting the designation utilizing the LID Tool, and 5 credit 
unions requesting the designation utilizing the sampling method).
    Estimated Burden Hours per Response: 15 minutes for LID Tool; 40 
hours for sampling method.
    Frequency of Response: Once, on occasion, and recordkeeping.
    Estimated Total Annual Burden Hours: 265 hours.
    Estimated Total Annual Cost: $20,000.

    By the National Credit Union Administration Board on September 
20, 2013.
Gerard Poliquin,
Secretary of the Board.
[FR Doc. 2013-23478 Filed 9-25-13; 8:45 am]
BILLING CODE 7535-01-P