Part 708a, Charter conversions - documentation required for credit union members and National Credit Union Administration in the charter conversion context

Forms and Documents

Document Name	Status
0153, Justification, 708a 10--2006.doc Supporting Statement A	2006-10-26

IC Document Collections

IC ID	Document Title	Status
32801	Part 708a, Charter conversions - documentation required for credit union members and National Credit Union Administration in the charter conversion context	Modified

ICR Details

OMB Control No: 3133-0153	ICR Reference No: 200610-3133-001
Status: Historical Inactive	Previous ICR Reference No: 200408-3133-001
Agency/Subagency: NCUA	Agency Tracking No:
Title: Part 708a, Charter conversions - documentation required for credit union members and National Credit Union Administration in the charter conversion context
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Preapproved	Conclusion Date: 12/29/2006
	Date Received in OIRA: 11/06/2006
Terms of Clearance: 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
Expiration Date	12/31/2009	36 Months From Approved	10/31/2007
Responses	3	0	5
Time Burden (Hours)	960	0	115
Cost Burden (Dollars)	38,400	0	0

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Abstract: 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.

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Authorizing Statute(s): US Code: 12 USC 1785 subparagraph b2G Name of Law: Federal Credit Union Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3133-AD16	Proposed rulemaking	71 FR 36946	06/28/2006

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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: 1

IC Title	Form No.	Form Name
Part 708a, Charter conversions - documentation required for credit union members and National Credit Union Administration in the charter conversion context

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ICR Summary of Burden

	Total Request	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	3	5	0	0	-2	0
Annual Time Burden (Hours)	960	115	0	0	845	0
Annual Cost Burden (Dollars)	38,400	0	0	0	38,400	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: No

Burden Reduction Due to:

Short Statement: 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.

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Annual Cost to Federal Government: $6,000

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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

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: 11/06/2006

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