[Federal Register Volume 89, Number 149 (Friday, August 2, 2024)]
[Notices]
[Page 63224]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-17088]


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NATIONAL CREDIT UNION ADMINISTRATION


Renewal of Agency Information Collections for Comments Request: 
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) 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: Written comments should be received on or before October 1, 2024 
to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Dacia Rogers, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314, Suite 
5067; Fax No. (703) 519-8161; or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Dacia Rogers at (703) 718-1155.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0121.
    Title: Notice of Change of Officials and Senior Executive Officers.
    Type of Review: Extension of a previously approved collection.
    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.
    Estimated Total Annual Burden Hours: 759.
    OMB Number: 3133-0169.
    Title: Purchase of Assets and Assumptions of Liabilities, 12 CFR 
741.8.
    Type of Review: Extension of a previously approved collection.
    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 Regional 
Director stating the nature of the transaction, and include copies of 
relevant transaction documents. Relevant transactions 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 will use 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.
    OMB Number: 3133-0015.
    Title: Chartering and Field of Membership Manual, 12 CFR 701.1, 
App. B to Part 701.
    Type of Review: Extension of a previously approved collection.
    Abstract: The FCU Act requires NCUA to administer chartering and 
field of membership requirements for FCUs. This is implemented through 
the Chartering and Field of Membership (Chartering) Manual as 
incorporated into NCUA regulations at 12 CFR 701.1 and appendix B to 
part 701. The Chartering Manual requires credit unions to prepare and 
submit forms with regard to chartering, field of membership amendments, 
service to underserved areas, and conversions from federal to state 
credit unions and state to federal credit unions.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 16,223.
    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. 2024-17088 Filed 8-1-24; 8:45 am]
BILLING CODE 7535-01-P