Notice2021-25809
Submission for OMB Review; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
November 26, 2021
Issuing agencies
National Credit Union Administration
Abstract
The National Credit Union Administration (NCUA) will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice.
Full Text
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<title>Federal Register, Volume 86 Issue 225 (Friday, November 26, 2021)</title>
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[Federal Register Volume 86, Number 225 (Friday, November 26, 2021)]
[Notices]
[Page 67500]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-25809]
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NATIONAL CREDIT UNION ADMINISTRATION
Submission for OMB Review; Comment Request
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice.
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SUMMARY: The National Credit Union Administration (NCUA) will submit
the following information collection requests to the Office of
Management and Budget (OMB) for review and clearance in accordance with
the Paperwork Reduction Act of 1995, on or after the date of
publication of this notice.
DATES: Comments should be received on or before December 27, 2021 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be
obtained by contacting Dawn Wolfgang at (703) 548-2279, emailing
<a href="/cdn-cgi/l/email-protection#b9e9ebf8fad6d4d4dcd7cdcaf9d7daccd897ded6cf"><span class="__cf_email__" data-cfemail="beeeecfffdd1d3d3dbd0cacdfed0ddcbdf90d9d1c8">[email protected]</span></a>, or viewing the entire information collection
request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0121.
Type of Review: Extension of a currently approved collection.
Title: Notice of Change of Officials and Senior Executive Officers.
Forms: NCUA Forms 4063 and 4063a.
Abstract: In order to comply with statutory requirements, the
agency must obtain sufficient information from new officials or senior
executive officers of troubled or newly chartered credit unions to
determine their fitness for the position. This is established by the
Financial Institutions Reform, Recovery, and Enforcement Act of 1989
(FIRREA), Public Law 101-73. The forms provide a standardize format to
collect the information needed.
Affected Public: Private Sector: Not-for-profit institutions;
Individual or household.
Estimated Total Annual Burden Hours: 759.
OMB Number: 3133-0169.
Type of Review: Extension of a currently approved collection.
Title: Purchase of Assets and Assumptions of Liabilities.
Abstract: In accordance with Sec. 741.8, federally insured credit
unions (FICUs) must request approval from the NCUA prior to purchasing
assets or assuming liabilities of a privately insured credit union,
other financial institution, or their successor interest. A FICU
seeking approval must submit a letter to the appropriate NCUA Regional
Director stating the nature of the transaction and include copies of
relevant transaction documents. Relevant transaction documents may
include but are not limited to: The credit union's financial
statements, strategic plan, and budget, inventory of the assets and
liabilities to be transferred, and any relevant contracts or agreements
regarding the transfer. NCUA uses the information to determine the
safety and soundness of the transaction and risk to the National Credit
Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 1,920.
By Melane Conyers-Ausbrooks, Secretary of the Board, the
National Credit Union Administration, on November 22, 2021.
Dated: November 22, 2021.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2021-25809 Filed 11-24-21; 8:45 am]
BILLING CODE 7535-01-P
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</html>Indexed from Federal Register on November 26, 2021.
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