View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3133-0129
ICR Reference No:
201407-3133-001
Status:
Historical Active
Previous ICR Reference No:
201102-3133-001
Agency/Subagency:
NCUA
Agency Tracking No:
ONES
Title:
Corporate Credit Unions, 12 CFR Part 704
Type of Information Collection:
Reinstatement with change of a previously approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
08/19/2016
Retrieve Notice of Action (NOA)
Date Received in OIRA:
05/13/2016
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2019
36 Months From Approved
05/31/2014
Responses
200
0
590
Time Burden (Hours)
483
0
5,682
Cost Burden (Dollars)
0
0
194,350
Abstract:
Part 704 of NCUA’s regulations established the regulatory framework for corporate credit unions. This includes various reporting and recordkeeping requirements as well as safety and soundness standards. NCUA has established and regulates corporate credit unions pursuant to its authority under sections 120, 201, and 209 of the Federal Credit Union Act, 12 U.S.C. 1766(a), 1781, and 1789. The collection of information is necessary to ensure that corporate credit unions operate in a safe and sound manner by limiting risk to their natural person credit union members and the National Credit Union Share Insurance Fund.
Authorizing Statute(s):
US Code:
12 USC 1766(a), 1781, 1789
Name of Law: Federal Credit Union Act
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
81 FR 12131
03/08/2016
30-day Notice:
Federal Register Citation:
Citation Date:
81 FR 29922
05/13/2016
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
14
IC Title
Form No.
Form Name
ALM Testing
CUSO Approval Requests
Capital Restoration Plans
Corporate Credit Unions - Conducting Special Meeting of a Corporate's Members to Expel a Member and Notifying NCUA of Result of Vote
Corporate Credit Unions - Large Corporate Credit Union Management Report
Corporate Credit Unions - Preparation of List of Non-FICU Members of a Corporate and Providing List to NCUA
Corporate Credit Unions - Ratings Procurement
Corporate Credit Unions - Requests to Make Golden Parachute and Severance Payments
Disclosure of Dual Employee Compensation
Disclosure of Executive Compensation
Investment Action Plans
Management Report
Merger Related Disclosures
Notice of Engagement or Termination of Accountants
Notice of Intent to Redeem or Call Contributed Capital
Notice of PCA Category Change
Notification of Late Filing
Recorded Director Votes
Retained Earnings Accumulation Plans
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
200
590
0
-101
-289
0
Annual Time Burden (Hours)
483
5,682
0
-1,413
-3,786
0
Annual Cost Burden (Dollars)
0
194,350
0
-3,550
-190,800
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Changing Regulations
Short Statement:
A reduction of 3,786 burden hours is attributed to an adjustment to the number of entities and a reduction of 1,413 burden hours is attributed to regulation changes. A total of 483 burden hours is requested.
Annual Cost to Federal Government:
$0
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Robert Dean 703 518-6652
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
05/13/2016
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