OMB control number
Borrowed Funds from Natural Persons, 12 CFR 701.38
OMB 3133-0039 · NCUA.
OMB 3133-0039
Section 701.38 of the NCUA regulations grants federal credit unions the authority to borrow funds from a natural person as long as they maintain a signed promissory note which includes the terms and conditions of maturity, repayment, interest rate, method of computation and method of payment; and the promissory note and any advertisements for borrowing have clearly visible language stating that the note represents money borrowed by the credit union and does not represent shares and is not insured by the National Credit Union Insurance Fund (NCUSIF). NCUA will use this information to ensure a credit union’s natural person borrowings are in compliance and address all regulatory and safety and soundness requirements.
The latest form for Borrowed Funds from Natural Persons, 12 CFR 701.38 expires 2022-08-31 and is listed under ICR 201901-3133-002.
Latest Forms, Documents, and Supporting Material
| Document | Type |
|---|---|
 12 CFR 701.38 (up to date as of 6-06-2022).pdf | Supplementary Document |
 FINAL_3133-0039_SS_082422.docx | Supporting Statement A |
 Evidence of Written Contract |
Information collection |
All Historical Document Collections
| Reference | Filing | Received | Concluded | Action |
|---|---|---|---|---|
| 202208-3133-002 | Extension without change of a currently approved collection | 2022-08-31 | Approved without change | |
| 201901-3133-002 | Extension without change of a currently approved collection | 2019-06-26 | Approved without change | |
| 201606-3133-006 | Reinstatement without change of a previously approved collection | 2016-06-17 | Approved without change | |
| 198104-3133-033 | Revision of a currently approved collection | 1981-04-30 | Approved without change |