Part 708a, Charter conversions - documentation required for credit union members and National Credit Union Administration in the charter conversion context
Part 708a, Charter
conversions - documentation required for credit union members and
National Credit Union Administration in the charter conversion
context
This ICR was
submitted more than four months after the NPRM that modified this
collection, which said that an ICR HAS been submitted to OMB. In
the future, submit rule-related ICRs within a week of publication.
Also such rules should direct those who want to make PRA comments
to OMB to the "NCUA Desk Officer," not to a named individual.
Moreover, in the future complete the line of business
information.
Inventory as of this Action
Requested
Previously Approved
12/31/2009
36 Months From Approved
10/31/2007
3
0
5
960
0
115
38,400
0
0
Credit union members need the
information to evaluate the conversion proposal on which they are
to vote. NCUA needs the information to fulfill its statutory duty
to administer the membership vote.
The burden of 320 hours per
credit union, for an aggregate total of 960 hours, is an increase
from the previously estimated burden per-credit union and in the
aggregate. This increase is due to the additional information
collection requirements to facilitate member-to-director and
member-to-member communications in the conversion process. The
increase is mitigated, however, because NCUA now estimates fewer
credit unions (3) convert per year than previously estimated.
$6,000
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Paul Peterson 703 518-6540 ext.
6555 ppeterson@ncua.gov
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:
(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;
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.