[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