Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status, 12 CFR 708b

Forms and Documents

Document Name	Status
NPRM_3133-0024_708b_supporting statement_060817.docx Supporting Statement A	2017-06-12

IC Document Collections

IC ID	Document Title	Status
32681	Mergers	Modified
223261	Share Insurance Termination	Unchanged
209036	Share Insurance Conversions Other-12 CFR 708b.301	Unchanged

ICR Details

OMB Control No: 3133-0024	ICR Reference No: 201705-3133-006
Status: Historical Inactive	Previous ICR Reference No: 201608-3133-005
Agency/Subagency: NCUA	Agency Tracking No: OGC
Title: Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status, 12 CFR 708b
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 08/30/2017
	Date Received in OIRA: 06/12/2017
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2020	36 Months From Approved	03/31/2020
Responses	1,519	0	1,519
Time Burden (Hours)	7,562	0	7,562
Cost Burden (Dollars)	0	0	0

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Abstract: Credit union directors and members need information to evaluate merger or insurance conversion on which they are to vote. NCUA needs information to fulfill its statutory responsibility to approve or disapprove the merger or conversion.

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Authorizing Statute(s): US Code: 12 USC 1752(7) Name of Law: Definitions
   US Code: 12 USC 1766(a) Name of Law: Powers of the Board
   US Code: 12 USC 1785(b) and (c) Name of Law: Requirements governing insured credit unions
   US Code: 12 USC 1786(a), (c), and (d) Name of Law: Termination of insured credit union status; cease and desist orders; removal or suspension, etc.
   US Code: 12 USC 1789(a) Name of Law: Administrative provisions
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3133-AE73	Proposed rulemaking	82 FR 26605	06/08/2017

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Mergers
Share Insurance Conversions
Share Insurance Termination

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Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: An increase of 558 burden hours affecting only Federal Credit Unions (FCU), is the result of additional disclosure of information to members under §708b.106.

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Annual Cost to Federal Government: $181,840

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

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Common Form ICR:  No

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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: 06/12/2017

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