Designation of Low Income Status, 12 CFR 701.34(a)

Forms and Documents

Document Name	Status
12CFR701-34_(1-1-18 ED).pdf Supplementary Document	2018-09-27
FINAL_3133-0117_Supporting_Statement_092718.docx Supporting Statement A	2018-09-27

IC Document Collections

IC ID	Document Title	Status
214234	Designation of Low-income Status	Modified
214233	Appeal of Denial of LID Instruction	Removed
214231	Requesting LID outside of examination: Member Address Instruction	Removed
208950	Designation of Low Income Status - Sampling Method Instruction	Removed

ICR Details

OMB Control No: 3133-0117	ICR Reference No: 201804-3133-002
Status: Historical Active	Previous ICR Reference No: 201412-3133-002
Agency/Subagency: NCUA	Agency Tracking No: CURE
Title: Designation of Low Income Status, 12 CFR 701.34(a)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/19/2018
	Date Received in OIRA: 09/28/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2021	36 Months From Approved	11/30/2018
Responses	252	0	502
Time Burden (Hours)	303	0	772
Cost Burden (Dollars)	24,000	0	63,387

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Abstract: The Federal Credit Union Act (12 U.S.C. 1752(5)) authorizes the NCUA Board to define low-income members so that credit unions with a membership serving predominantly low-income members can benefit from certain statutory relief and receive assistance from the Community Development Revolving Loan Fund. To utilize this authority a credit union must receive a low-income designation from NCUA as defined in NCUA's regulations at 12 CFR 701.34. NCUA uses the information from credit unions to determine whether they meet the criteria for the low-income designation.

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Authorizing Statute(s): US Code: 12 USC 1757 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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 35028	07/24/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 49131	09/28/2018
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
Requesting LID outside of examination: Member Address
Designation of Low-income Status
Appeal of Denial of LID
Designation of Low Income Status - Sampling Method

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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	252	502	0	-2	-248	0
Annual Time Burden (Hours)	303	772	0	-48	-421	0
Annual Cost Burden (Dollars)	24,000	63,387	0	-1,488	-37,899	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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: A reduction of 421 burden hours is due to an adjustment in the number of respondents in the eligible pool of credit unions. A reduction of 48 burden hours is due to a program change attributed to the consolidation of the NCUA appeals process under 12 CFR part 746, subpart B. The information collections associated with this appeals process have also been consolidated under a single OMB number, 3133-0198. This burden is duplicative and is being removed.

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Annual Cost to Federal Government: $5,017

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 09/28/2018

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