[Federal Register Volume 84, Number 47 (Monday, March 11, 2019)]
[Notices]
[Pages 8765-8766]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-04339]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Proof of Concept Application for New Charter Organizing Groups

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following new collection of information, as required by the Paperwork 
Reduction Act of 1995.

DATES: Written comments should be received on or before May 10, 2019 to 
be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Suite 5080, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to Dawn Wolfgang at the address above or telephone 703-548-
2279.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-NEW.
    Title: Proof of Concept Application for New Charter Organizing 
Groups.
    Type of Review: New collection.
    Abstract: The Credit Union Resources and Expansion (CURE) office of 
NCUA is responsible for the review and approval of charter applications 
submitted by organizing groups. CURE is enhancing the application 
process for organizers to submit their information through an automated 
system to document the four most critical elements to establish a new 
charter. The four areas are usually the greatest challenge for 
organizers to accomplish. The automated system will assist organizing 
groups in demonstrating that they have thoroughly evaluated the 
proposed credit union's operations by documenting the most critical 
elements of a new charter, such as the purpose and core values, field 
of membership, capital, and subscribers.
    The data will be reviewed by NCUA to determine the adequacy of a 
group's proof of concept and provide guidance as needed. The purpose of 
this information collection is to identify the level of understanding 
an organizing group has before they make a formal charter application 
submission as prescribed by Appendix B to 12 CFR part 701.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Annual Respondents: 24.
    Estimated Annual Frequency: 2.
    Estimated Total Annual Responses: 24.
    Estimated Hours per Response: 4.
    Estimated Total Annual Burden Hours: 96.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
Whether the collection of information is necessary for the proper 
execution of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of

[[Page 8766]]

the methodology and assumptions used; (c) ways to enhance the quality, 
utility, and clarity of the information to be collected; and (d) ways 
to minimize the burden of the collection of the information on the 
respondents, including the use of automated collection techniques or 
other forms of information technology.
    By Hattie M. Ulan, Acting Secretary of the Board, the National 
Credit Union Administration, on March 5, 2019.

    Dated: March 6, 2019.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2019-04339 Filed 3-8-19; 8:45 am]
 BILLING CODE 7535-01-P