[Federal Register Volume 83, Number 241 (Monday, December 17, 2018)]
[Notices]
[Pages 64605-64606]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-27209]


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NATIONAL CREDIT UNION ADMINISTRATION


Submission for OMB Review; Comment Request

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice.

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SUMMARY: The National Credit Union Administration (NCUA) will submit 
the following information collection request to the Office of 
Management and Budget (OMB) for review and clearance in

[[Page 64606]]

accordance with the Paperwork Reduction Act of 1995, on or after the 
date of publication of this notice.

DATES: Comments should be received on or before January 16, 2019 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of this information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, 
or email at [email protected] and (2) NCUA PRA Clearance 
Officer, 1775 Duke Street, Suite 5080, Alexandria, VA 22314, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0149.
    Type of Review: Revision of a currently approved collection.
    Title: Credit Union Service Organizations (CUSOs), 12 CFR 712.
    Abstract: Part 712 of NCUA's rules and regulations regulates the 
relationship between federally insured credit unions (FICUs) and credit 
union service organizations (CUSOs). The rule requires that FICUs enter 
into a written agreement with a CUSO (prior to investing in or loaning 
money to) which stipulates the CUSO will follow general accepted 
accounting principles (GAAP); prepare quarterly financial statements; 
grant NCUA access to the CUSO books and records, and annually report 
directly to NCUA via a CUSO registry.
    Affected Public: Private Sector: Not-for-profit institutions; 
Businesses or other for-profits; State and local governments.
    Estimated Total Annual Burden Hours: 2,666.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on December 12, 2018.

    Dated: December 12, 2018.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2018-27209 Filed 12-14-18; 8:45 am]
 BILLING CODE 7535-01-P