Section 107(5) of the Federal Credit Union Act authorizes Federal Credit Unions (FCU) to make loans to members and issue lines of credit (including credit cards) to members. Section 701.21 governs the requirements related to loans to members and lines of credit to members for FCUs. Additionally, Part 741 established requirements for all federally insured credit unions (both Federal and state charters) related to loans to members and lines of credit union members. NCUA reviews the information collections to ensure compliance with applicable regulations and laws, and to assess the safety and soundness of the credit union’s lending program.
The latest form for Loans to Members and Lines of Credit to Members, 12 CFR 701.21 and Apx. B to 741 expires 2023-06-30 and can be found here.
Document Name |
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Supporting Statement A |
Supplementary Document |
Supplementary Document |
Supplementary Document |
Revision of a currently approved collection | 2024-09-25 | ||
Approved without change |
Revision of a currently approved collection | 2021-07-12 | |
Comment filed on proposed rule and continue |
Revision of a currently approved collection | 2021-01-12 | |
Approved without change |
Extension without change of a currently approved collection | 2020-04-30 | |
Approved without change |
Reinstatement with change of a previously approved collection | 2016-06-28 | |
Approved without change |
Reinstatement with change of a previously approved collection | 1991-01-04 | |
Approved without change |
Revision of a currently approved collection | 1987-07-28 | |
Approved without change |
New collection (Request for a new OMB Control Number) | 1984-08-22 |
Federal Enterprise Architecture: Economic Development - Financial Sector Oversight