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

ICR 202002-3133-004

OMB: 3133-0024

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2020-02-28
Supporting Statement A
2020-02-28
IC Document Collections
IC ID
Document
Title
Status
32681
Modified
223261
Modified
209036
Modified
ICR Details
3133-0024 202002-3133-004
Active 201705-3133-006
NCUA OGC
Mergers of Federally-Insured Credit Unions; Voluntary Termination or Conversion of Insured Status, 12 CFR 708b
Revision of a currently approved collection   No
Regular
Approved without change 03/23/2020
Retrieve Notice of Action (NOA) 02/28/2020
  Inventory as of this Action Requested Previously Approved
03/31/2023 36 Months From Approved 03/31/2020
1,519 0 1,519
7,562 0 7,562
0 0 0

The Federal Credit Union Act requires written approval of the NCUA Board before one or more federally-insured credit unions merge or before a federally-insured credit union converts to nonfederal (private) share insurance or terminates federal share insurance and authorizes the NCUA Board to prescribe rules regarding mergers of federally-insured credit unions and changes in insured status. Part 708b of NCUA’s rules sets forth the procedural and disclosure requirements for mergers of federally-insured credit unions, conversions from federal share insurance to nonfederal insurance, and federal share insurance terminations.

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
  
None

3133-AE73 Final or interim final rulemaking 83 FR 30301 06/28/2018

Yes

3
IC Title Form No. Form Name
Mergers
Share Insurance Conversions
Share Insurance Termination

  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 1,519 0 0 0 0
Annual Time Burden (Hours) 7,562 7,562 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$181,840
No
    No
    No
No
No
No
Uncollected
Elizabeth Wirick 703 548-6545

  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.
02/28/2020


© 2024 OMB.report | Privacy Policy