[Federal Register Volume 85, Number 159 (Monday, August 17, 2020)]
[Notices]
[Pages 50050-50051]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17857]


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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), 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 extension of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before September 16, 
2020 to be assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Mackie Malaka at (703) 548-2704, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0117.
    Title: Designation of Low Income Status, 12 CFR part 701.34(a).
    Type of Review: Extension of a currently approved collection.
    Abstract: The Federal Credit Union Act (12 U.S.C. 1752(5)) 
authorizes the NCUA Board to define low-income members so that credit 
unions with a membership serving predominantly

[[Page 50051]]

low-income members can benefit from certain statutory relief and 
receive assistance from the Community Development Revolving Loan Fund. 
To utilize this authority, a credit union must receive a low-income 
designation from NCUA as defined in NCUA's regulations at 12 CFR 
701.34. NCUA uses the information from credit unions to determine 
whether they meet the criteria for the low-income designation.
    This is an extension of an emergency revision that incorporated a 
procedural change for credit unions, in qualifying for low-income 
designation status, to include military personnel in the low-income 
designation calculation.
    Affected Public: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 443.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on August 11, 2020.

    Dated: August 11, 2020.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2020-17857 Filed 8-14-20; 8:45 am]
BILLING CODE 7535-01-P