Chartering and Field of Membership Manual, 12 CFR 701.1, App. B to Part 701

ICR 202009-3133-004

OMB: 3133-0015

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2019-11-26
IC Document Collections
IC ID
Document
Title
Status
32675 Modified
ICR Details
3133-0015 202009-3133-004
Active 201708-3133-001
NCUA NPRM OGC
Chartering and Field of Membership Manual, 12 CFR 701.1, App. B to Part 701
Revision of a currently approved collection   No
Regular
Approved without change 09/28/2020
Retrieve Notice of Action (NOA) 09/28/2020
  Inventory as of this Action Requested Previously Approved
09/30/2023 36 Months From Approved 11/30/2020
8,155 0 9,215
16,183 0 40,223
0 0 0

The FCU Act requires NCUA to administer chartering and field of membership requirements for FCUs. This is implemented through the Chartering and Field of Membership (Chartering) Manual as incorporated into NCUA regulations at 12 CFR 701.1 and Appendix B to Part 701. The Chartering Manual requires credit unions to prepare and submit forms with regard to chartering, field of membership amendments, service to underserved areas, and conversions from federal to state credit unions and state to federal credit unions.

US Code: 12 USC 1759 Name of Law: Federal Credit Union Act, Membership
  
None

3133-AF06 Final or interim final rulemaking 85 FR 56498 09/14/2020

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 8,155 9,215 0 0 -1,060 0
Annual Time Burden (Hours) 16,183 40,223 0 40 -24,080 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
The number of “community charter with subjective narrative to support requirements of a well-defined local community” has been amended to reflect current number of respondents, from 1,090 respondents to 20; for an adjustment of -26,160 burden hours. From this a “community charter applications with narratives to support common interest or intersection” category was established that identifies 10 respondents, for +1,600 burden hours. Total adjustments of -24,080 burden hours. The proposed amendments require applicants of community FOM applications, amendments, and expansions of combined statistical area (CSAs) and core-based statistical area (CBSAs) to explain why it has selected its FOM and to demonstrate that its selection will serve low- and moderate-income segments of a community. It is estimated that 20 respondents applying, amending, or expanding a community FOM would be affected by the proposed amendment. It is estimated that these respondents would need an additional two hours to prepare the necessary documentation to demonstrate its selection, for an increase of 40 burden hours due to this program change.

$0
No
    Yes
    Yes
No
No
No
Uncollected
Marvin Shaw 703 518-6553 [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.
11/26/2019


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