Federal Credit Union Bylaws, Appendix A to Part 701

ICR 201605-3133-005

OMB: 3133-0052

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2016-09-19
Supporting Statement A
2016-09-19
ICR Details
3133-0052 201605-3133-005
Historical Active 201310-3133-006
NCUA OCP
Federal Credit Union Bylaws, Appendix A to Part 701
Extension without change of a currently approved collection   No
Regular
Approved without change 12/27/2016
Retrieve Notice of Action (NOA) 09/19/2016
  Inventory as of this Action Requested Previously Approved
12/31/2019 36 Months From Approved 12/31/2016
1,255,046 0 1,479,272
436,614 0 458,478
0 0 0

The FCU Act and Bylaws require new and current FCU to prepare and maintain documents, such as organization certificate, charter, notices, meeting minutes, and election results, and notify the NCUA Board of certain changes. FCU's use the information they collect and maintain pursuant to their bylaws in their operations and to provide services to members. NCUA uses the information both to regulate the safety and soundness of FCU and protect the National Credit Union Share Insurance Fund.

US Code: 12 USC 1758 Name of Law: Bylaws
  
None

Not associated with rulemaking

  81 FR 45544 07/14/2016
81 FR 64206 09/19/2016
No

  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 1,255,046 1,479,272 0 0 -224,226 0
Annual Time Burden (Hours) 436,614 458,478 0 0 -21,864 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
A reduction of 224,226 responses and 21,864 burden hours are adjustments attributed to the continuing trend of decreases in the number of FCUs. There are also adjustments in the burden associated with the recordkeeping required in Article XVI, which have increased from 12 to 24 hours annually. This is due to increasing complexity of credit union operations and the corresponding committee minutes required to document such operations. A total of 436,614 burden hours are requested.

$0
No
No
No
No
No
Uncollected
Susan Ryan 703 664-3957

  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.
09/19/2016


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