Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status, 12 CFR Part 708b

Forms and Documents

Document	Type	Status	Availability
12CFR708b_1-1-16.pdf	Supplementary Document	Uploaded 2016-12-13	Available
FINAL_ 3133-0024_Supporting Statement_122816.docx	Supporting Statement A	Uploaded 2016-12-28	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
32681	Mergers		Modified
223261	Share Insurance Termination		New
209036	Share Insurance Conversions	Other-12 CFR 708b.302	Modified

ICR Details

OMB Control No: 3133-0024	ICR Reference No: 201608-3133-005
Status: Historical Active	Previous ICR Reference No: 201310-3133-016
Agency/Subagency: NCUA	Agency Tracking No: OCFPA
Title: Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status, 12 CFR Part 708b
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/02/2017
	Date Received in OIRA: 12/28/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2020	36 Months From Approved	03/31/2017
Responses	1,519	0	242
Time Burden (Hours)	7,562	0	8,424
Cost Burden (Dollars)	0	0	336,960

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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 1752(7) Name of Law: Definitions
   US Code: 12 USC 1766(a) Name of Law: Powers of the Board
   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:
	81 FR 72618	10/20/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 94427	12/23/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Mergers
Share Insurance Conversions
Share Insurance Termination

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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	1,519	242	0	0	1,277	0
Annual Time Burden (Hours)	7,562	8,424	0	0	-862	0
Annual Cost Burden (Dollars)	0	336,960	0	0	-336,960	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 change in burden is attributable to a decrease in the number of credit unions engaging in mergers, increase in the number of credit unions engaged in share insurance conversions, correction to the number of hours spent notifying members of proposed conversions, and corrections made in reporting the number of responses. These adjustments reflect an increase in the number of responses by 1,277 and a reduction of 862 burden hours.

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Annual Cost to Federal Government: $181,840

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: 12/28/2016

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