Notice2023-01670
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
January 27, 2023
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 88 Issue 18 (Friday, January 27, 2023)</title>
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[Federal Register Volume 88, Number 18 (Friday, January 27, 2023)]
[Notices]
[Pages 5384-5385]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01670]
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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 February 27, 2023 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 Sherie McArthur at (703) 518-6607, emailing
<a href="/cdn-cgi/l/email-protection#6737352624080a0a02091314270904120649000811"><span class="__cf_email__" data-cfemail="64343625270b0909010a1017240a0711054a030b12">[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: 3133-0098.
Type of Review: Extension of a currently approved collection.
Title: Advertising of Excess Insurance. 12 CFR part 740.3.
Abstract: Federally insured credit unions which offer or provide
excess insurance coverage for their accounts must indicate the type and
amount of such insurance, the name of the carrier and a statement that
the carrier is not affiliated with the NCUSIF or the Federal government
in all advertising that mentions account insurance. The disclosure
requirements under Sec. 740.3 are necessary to ensure that share
account holders are aware that their accounts are insured by carriers
other than the NCUA.
Estimated Total Annual Burden Hours: 291.
OMB Number: 3133-0130.
Type of Review: Extension of a currently approved collection.
Title: Written Reimbursement Policy, 12 CFR part 701.33.
Abstract: Federal Credit Unions (FCUs) may reimburse its board
[[Page 5385]]
members for reasonable and proper costs incurred in conducting their
official responsibilities only if the reimbursement is in accordance
with the written reimbursement policies and procedures established by
the FCU's board of directors. Access to this plan, and documentation
related to its implementation is necessary for NCUA examiners to verify
compliance with this requirement.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 1,661.
OMB Number: 3133-0203.
Type of Review: Extension of a currently approved collection.
Title: IRPS 19-1 Guidance Regarding Prohibitions Imposed by Section
205(d) of the FCU Act (``Second Chance IRPS'').
Abstract: This information collection is required under Section
205(d) of the Federal Credit Union Act (FCU Act) to allow the National
Credit Union Administration (NCUA) Board to make an informed decision
whether to grant a waiver of the prohibition imposed by law under
Section 205(d) of the FCU Act. Section 205(d) of the FCU Act prohibits
a person who has been convicted of any criminal offense involving
dishonesty or breach of trust, or who has entered into a pretrial
diversion or similar program in connection with a prosecution for such
offense, from participating in the affairs of a federally-insured
credit union except with the prior written consent of the NCUA Board.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 3.
OMB Number: 3133-0108.
Type of Review: Extension currently approved collection.
Title: Monitoring Bank Secrecy Act Compliance.
Abstract: Section 748.2 of NCUA's regulations, directs credit
unions to establish a Bank Secrecy Act (BSA) compliance program that
maintains procedures designed to assure and monitor compliance with the
requirement of 31 U.S.C., Chap. 53, Subchapter II (sec. 5301-5329), the
Bank Secrecy Act (31 U.S.C. 5318(g)), and 31 CFR Chapter X (parts 1000-
1099), Financial Crimes Enforcement Network, Department of the
Treasury. Each federally insured credit union (FICU) must develop and
provide for the continued administration of a BSA compliance program to
assure and monitor compliance with the recordkeeping and recording
requirements prescribed by the BSA. At a minimum, a compliance program
shall provide for a system of internal controls, independent testing
for compliance, designation of an individual responsible for
coordinating and monitoring day-to-day compliance; and training. NCUA
examiners review the program to determine whether the credit union's
procedures comply with all BSA requirements.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 84,928.
OMB Number: 3133-0204.
Type of Review: Extension currently approved collection.
Abstract: Sections 106 and 202 of the Federal Credit Union Act
require federally insured credit unions (FICU) to make financial
reports to the NCUA. Section 741.6 prescribes the method in which FICUs
must submit this information to NCUA. NCUA Form 4501A, Credit Union
Profile, is used to obtain non-financial data relevant to regulation
and supervision such as the names of senior management and volunteer
officials, and are reported through NCUA's online portal, CU Online.
The financial and statistical information is essential to NCUA in
carrying out its responsibility for supervising federal credit unions.
The information also enables NCUA to monitor all FICUs with National
Credit Union Share Insurance Fund (NCUSIF) insured share accounts.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 42,248.
By Melane Conyers-Ausbrooks, Secretary of the Board, the National
Credit Union Administration, on January 23, 2023.
Dated: January 24, 2023.
Sherie A. McArthur,
NCUA PRA Clearance Officer.
[FR Doc. 2023-01670 Filed 1-26-23; 8:45 am]
BILLING CODE 7535-01-P
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