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

OMB 3133-0117 · NCUA.

OMB 3133-0117

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 (CDRLF). Under the authority of 12 CFR §701.34(a), NCUA must obtain certain data to determine if a credit union qualifies for the designation. NCUA uses the information from credit unions to determine whether they meet the criteria for the low-income designation.

The latest form for Designation of Low Income Status, 12 CFR 701.34(a) expires 2026-10-31 and can be found here.

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