[Federal Register Volume 88, Number 127 (Wednesday, July 5, 2023)]
[Notices]
[Pages 42967-42968]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14129]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collections

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comments.

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

DATES: Written comments should be received on or before September 5, 
2023 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Mahala Vixamar, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite 
5067; Fax No. 703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to Mahala Vixamar at the address above or telephone 703-
518-6540.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0098.
    Title: Advertising of Excess Insurance, 12 CFR 740.3.
    Type of Review: Extension currently approved collection.
    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.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 291.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Responses: 291.
    Estimated Hours per Response: 1.
    Estimated Total Annual Burden Hours: 291.
    OMB Number: 3133-0108.
    Type of Review: Extension of a previously approved collection.
    Title: Monitoring Bank Secrecy Act Compliance.
    Abstract: The collection is needed to allow NCUA to determine 
whether credit unions have established a program reasonably designed to 
assure and monitor their compliance with current recordkeeping 
requirements established by Federal statute and Department of the 
Treasury regulation.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 5,308.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Responses: 5,308.
    Estimated Hours per Response: 16.
    Estimated Total Annual Burden Hours: 84,928.
    OMB Number: 3133-0117.
    Type of Review: Extension of a previously approved collection.
    Title: Designation of Low-Income Status, 12 CFR 701.34(a).
    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 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.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 287.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Responses: 287.
    Estimated Hours per Response: 1.545.
    Estimated Total Annual Burden Hours: 443.
    OMB Number: 3133-0130.
    Type of Review: Extension of a previously approved collection.
    Title: Written Reimbursement Policy, 12 CFR 701.33.
    Abstract: Each Federal Credit Union (FCU) must draft a written 
reimbursement policy to ensure that the FCU makes payments to its 
directors within the guidelines that the FCU has established in advance 
and to enable examiners to easily verify compliance by comparing the 
policy to the actual reimbursements.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 3,321.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Responses: 3,321.
    Estimated Burden Hours per Response: 0.50.
    Estimated Total Annual Burden Hours: 1,661.
    OMB Number: 3133-0203.
    Type of Review: Extension of a currently approved collection.
    Title: IRPS 19-1, Exceptions to Employment Restrictions Under 
Section 205(d) of the Federal Credit Union 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. 
The Interpretive Ruling and Policy Statement (IRPS) 19-1 prescribes the 
information collection and implement the requirements of the FCU Act.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 4.
    Estimated Number of Responses per Respondent: 1.
    Estimated Total Annual Responses: 4.
    Estimated Burden Hours per Response: 0.75.
    Estimated Total Annual Burden Hours: 3.
    OMB Number: 3133-0204.
    Type of Review: Extension of a currently approved collection.
    Title: NCUA Form 4501A.
    Abstract: Sections 106 and 202 of the Federal Credit Union Act 
require federally insured credit unions to make financial reports to 
the NCUA. Section 741.6 requires insured credit unions to submit a 
Credit Union Profile (NCUA Form 4501A) and update the Profile with 10 
days of election or appointment of senior management or volunteer

[[Page 42968]]

officials or 30 days of other changes in Program information. The NCUA 
website further directs credit unions to review and certify their 
Profiles every Call Report cycle. Statistical information collected 
through the Profile is essential to NCUA supervision of federal credit 
unions. This information also facilitates NCUA monitoring of other 
credit unions with share accounts insured by the National Credit Union 
Share Insurance Fund (NCUSIF).
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Number of Respondents: 5,281.
    Estimated Number of Responses per Respondent: 4.
    Estimated Total Annual Responses: 21,124.
    Estimated Hours per Response: 2.
    Estimated Total Annual Burden Hours: 42,248.
    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 
performance 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 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 the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.
[FR Doc. 2023-14129 Filed 7-3-23; 8:45 am]
BILLING CODE 7535-01-P