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 within 10 days of election or appointment of
senior management or volunteer 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. Credit union information collected through the
Profile is essential to the NCUA supervision of federal credit
unions and also facilitates the NCUA monitoring of other credit
unions with share accounts insured by the National Credit Union
Share Insurance Fund (NCUSIF).
US Code:
12
USC 1756 Name of Law: Reports and examinations
US Code: 12
USC 1782 Name of Law: Administration of insurance fund
The number of respondents
decreased to 4,572 resulting in a slight decrease in total annual
burden hours.
$858,989
No
Yes
No
No
No
No
No
Mary Jo Thor 703 518-6586
mthor@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.