[Federal Register Volume 88, Number 18 (Friday, January 27, 2023)]
[Notices]
[Pages 5384-5385]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-01670]


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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 February 27, 2023 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 Sherie McArthur at (703) 518-6607, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0098.
    Type of Review: Extension of a currently approved collection.
    Title: Advertising of Excess Insurance. 12 CFR part 740.3.
    Abstract: Federally insured credit unions which offer or provide 
excess insurance coverage for their accounts must indicate the type and 
amount of such insurance, the name of the carrier and a statement that 
the carrier is not affiliated with the NCUSIF or the Federal government 
in all advertising that mentions account insurance. The disclosure 
requirements under Sec.  740.3 are necessary to ensure that share 
account holders are aware that their accounts are insured by carriers 
other than the NCUA.
    Estimated Total Annual Burden Hours: 291.

    OMB Number: 3133-0130.
    Type of Review: Extension of a currently approved collection.
    Title: Written Reimbursement Policy, 12 CFR part 701.33.
    Abstract: Federal Credit Unions (FCUs) may reimburse its board

[[Page 5385]]

members for reasonable and proper costs incurred in conducting their 
official responsibilities only if the reimbursement is in accordance 
with the written reimbursement policies and procedures established by 
the FCU's board of directors. Access to this plan, and documentation 
related to its implementation is necessary for NCUA examiners to verify 
compliance with this requirement.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 1,661.

    OMB Number: 3133-0203.
    Type of Review: Extension of a currently approved collection.
    Title: IRPS 19-1 Guidance Regarding Prohibitions Imposed by Section 
205(d) of the FCU Act (``Second Chance IRPS'').
    Abstract: This information collection is required under Section 
205(d) of the Federal Credit Union Act (FCU Act) to allow the National 
Credit Union Administration (NCUA) Board to make an informed decision 
whether to grant a waiver of the prohibition imposed by law under 
Section 205(d) of the FCU Act. Section 205(d) of the FCU Act prohibits 
a person who has been convicted of any criminal offense involving 
dishonesty or breach of trust, or who has entered into a pretrial 
diversion or similar program in connection with a prosecution for such 
offense, from participating in the affairs of a federally-insured 
credit union except with the prior written consent of the NCUA Board.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 3.

    OMB Number: 3133-0108.
    Type of Review: Extension currently approved collection.
    Title: Monitoring Bank Secrecy Act Compliance.
    Abstract: Section 748.2 of NCUA's regulations, directs credit 
unions to establish a Bank Secrecy Act (BSA) compliance program that 
maintains procedures designed to assure and monitor compliance with the 
requirement of 31 U.S.C., Chap. 53, Subchapter II (sec. 5301-5329), the 
Bank Secrecy Act (31 U.S.C. 5318(g)), and 31 CFR Chapter X (parts 1000-
1099), Financial Crimes Enforcement Network, Department of the 
Treasury. Each federally insured credit union (FICU) must develop and 
provide for the continued administration of a BSA compliance program to 
assure and monitor compliance with the recordkeeping and recording 
requirements prescribed by the BSA. At a minimum, a compliance program 
shall provide for a system of internal controls, independent testing 
for compliance, designation of an individual responsible for 
coordinating and monitoring day-to-day compliance; and training. NCUA 
examiners review the program to determine whether the credit union's 
procedures comply with all BSA requirements.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 84,928.

    OMB Number: 3133-0204.
    Type of Review: Extension currently approved collection.
    Abstract: Sections 106 and 202 of the Federal Credit Union Act 
require federally insured credit unions (FICU) to make financial 
reports to the NCUA. Section 741.6 prescribes the method in which FICUs 
must submit this information to NCUA. NCUA Form 4501A, Credit Union 
Profile, is used to obtain non-financial data relevant to regulation 
and supervision such as the names of senior management and volunteer 
officials, and are reported through NCUA's online portal, CU Online. 
The financial and statistical information is essential to NCUA in 
carrying out its responsibility for supervising federal credit unions. 
The information also enables NCUA to monitor all FICUs with National 
Credit Union Share Insurance Fund (NCUSIF) insured share accounts.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 42,248.
    By Melane Conyers-Ausbrooks, Secretary of the Board, the National 
Credit Union Administration, on January 23, 2023.

    Dated: January 24, 2023.
Sherie A. McArthur,
NCUA PRA Clearance Officer.
[FR Doc. 2023-01670 Filed 1-26-23; 8:45 am]
BILLING CODE 7535-01-P