Joint Standards for Assessing the Diversity Policies and Practices

ICR 201805-3133-002

OMB: 3133-0193

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
3133-0193 201805-3133-002
Historical Active 201511-3133-001
NCUA OMWI
Joint Standards for Assessing the Diversity Policies and Practices
Revision of a currently approved collection   No
Regular
Approved without change 08/23/2018
Retrieve Notice of Action (NOA) 06/05/2018
Clearance is granted for one year, during which OMB will work with the agencies conducting similar assessments in order to promote better standardization. NCUA and these other agencies will reach out to OMB in advance of seeking renewal to coordinate these approvals. Because of the small number of responses and convenience sample of respondents, NCUA agrees to take care not to generalize findings when presenting results of this collection and to provide an appropriate discussion of limitations in any reports or publications.
  Inventory as of this Action Requested Previously Approved
08/31/2019 36 Months From Approved 03/31/2019
325 0 367
2,600 0 4,404
0 0 409,572

Section 342 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (Act) instructed each agency Office of Minority and Women Inclusion (OMWI) director to develop standards for assessing the diversity policies and practices of entities regulated by each agency. The Agencies worked together to develop joint standards and publish a policy statement in the Federal Register. The Policy Statement contains a collection of information. The NCUA 15004, "Annual Voluntary Credit Union Diversity Self-Assessment," can be used by federally insured credit unions to perform their assessment and to submit information to NCUA.

PL: Pub.L. 111 - 203 342 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010
  
None

Not associated with rulemaking

  83 FR 12822 03/23/2018
83 FR 25721 06/04/2018
No

1
IC Title Form No. Form Name
Annual Voluntary Credit Union Diversity Self-Assessment NCUA 15004 Annual Voluntary Credit Union Diversity Self-Assessment

  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 325 367 0 0 -42 0
Annual Time Burden (Hours) 2,600 4,404 0 -1,300 -504 0
Annual Cost Burden (Dollars) 0 409,572 0 0 -409,572 0
No
Yes
Changing Forms
The NCUA estimates that the average response time per respondent is 8 hours. At the time of the approval of the original collection, the Agencies joint estimate of the time per response per respondent was 12 hours. The NCUA has re-evaluated its estimates and has determined that the burden on the credit union will be reduced by a total of 1,300 hours by the redesign of the form. An adjustment in the number of respondents is also being made to reflect reduction in the number of credit unions reporting from 367 to 325; for a total adjustment of 504 burden hours. A total of 2,600 burden hours is requested.

$20,800
No
    No
    No
No
Yes
No
Uncollected
Malia Peel 703 518-1168 [email protected]

  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.
06/05/2018


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