Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status

Forms and Documents

Document	Type	Status	Availability
0024FINAL Supporting Statement.docx	Supporting Statement A	Uploaded 2013-10-24	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
32681	Mergers		Modified
209036	Share Insurance Conversions		New

ICR Details

OMB Control No: 3133-0024	ICR Reference No: 201310-3133-016
Status: Historical Active	Previous ICR Reference No: 200408-3133-002
Agency/Subagency: NCUA	Agency Tracking No:
Title: Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/13/2013
	Date Received in OIRA: 10/27/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2016	36 Months From Approved
Responses	242	0	0
Time Burden (Hours)	8,424	0	0
Cost Burden (Dollars)	336,960	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 1766(a) Name of Law: Powers of the Board
   US Code: 12 USC 1752(7) Name of Law: Definitions
   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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 43242	07/19/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 53163	08/28/2013
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Mergers
Share Insurance Conversions

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ICR Summary of Burden

	Total Approved	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	242	0	0	-61	0	303
Annual Time Burden (Hours)	8,424	0	0	894	0	7,530
Annual Cost Burden (Dollars)	336,960	0	0	124,960	0	212,000

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

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: This is a reinstatement of a previously approved collection. The change in hour and cost burden is attributable to a decrease in the number of credit unions engaging in mergers and share insurance conversions and an increase in the estimated costs to credit unions and NCUA.

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Annual Cost to Federal Government: $202,640

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: 10/27/2013

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