[Federal Register Volume 86, Number 225 (Friday, November 26, 2021)]
[Notices]
[Page 67500]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-25809]


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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 requests to the Office of 
Management and Budget (OMB) for review and clearance in 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 December 27, 2021 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 Dawn Wolfgang at (703) 548-2279, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0121.
    Type of Review: Extension of a currently approved collection.
    Title: Notice of Change of Officials and Senior Executive Officers.
    Forms: NCUA Forms 4063 and 4063a.
    Abstract: In order to comply with statutory requirements, the 
agency must obtain sufficient information from new officials or senior 
executive officers of troubled or newly chartered credit unions to 
determine their fitness for the position. This is established by the 
Financial Institutions Reform, Recovery, and Enforcement Act of 1989 
(FIRREA), Public Law 101-73. The forms provide a standardize format to 
collect the information needed.
    Affected Public: Private Sector: Not-for-profit institutions; 
Individual or household.
    Estimated Total Annual Burden Hours: 759.
    OMB Number: 3133-0169.
    Type of Review: Extension of a currently approved collection.
    Title: Purchase of Assets and Assumptions of Liabilities.
    Abstract: In accordance with Sec.  741.8, federally insured credit 
unions (FICUs) must request approval from the NCUA prior to purchasing 
assets or assuming liabilities of a privately insured credit union, 
other financial institution, or their successor interest. A FICU 
seeking approval must submit a letter to the appropriate NCUA Regional 
Director stating the nature of the transaction and include copies of 
relevant transaction documents. Relevant transaction documents may 
include but are not limited to: The credit union's financial 
statements, strategic plan, and budget, inventory of the assets and 
liabilities to be transferred, and any relevant contracts or agreements 
regarding the transfer. NCUA uses the information to determine the 
safety and soundness of the transaction and risk to the National Credit 
Union Share Insurance Fund (NCUSIF).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 1,920.

    By Melane Conyers-Ausbrooks, Secretary of the Board, the 
National Credit Union Administration, on November 22, 2021.
    Dated: November 22, 2021.

Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2021-25809 Filed 11-24-21; 8:45 am]
BILLING CODE 7535-01-P