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Code · REGISTER · 2022-06-30 · National Credit Union Administration (NCUA) · Notices

Notices. Notice

497 words·~2 min read·/register/2022/06/30/2022-14049

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BILLING CODE 4510-29-P NATIONAL CREDIT UNION ADMINISTRATION Submission for OMB Review; Comment Request AGENCY: National Credit Union Administration (NCUA). ACTION: Notice. 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 August 1, 2022 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 *https://www.reginfo.gov/public/do/PRAMain.* 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 *PRAComments@ncua.gov,* or viewing the entire information collection request at *www.reginfo.gov.* SUPPLEMENTARY INFORMATION: *OMB Number:* 3133-0004. *Type of Review:* Extension of a currently approved collection. *Title:* NCUA Call Report. *Form:* NCUA Form 5300. *Abstract:* Sections 106 and 202 of the Federal Credit Union Act require federally insured credit unions to make financial reports to the NCUA. Section 741.5 prescribes the method in which federally insured credit unions must submit this information to the NCUA. NCUA Form 5300, Call Report, is used to file quarterly financial and statistical data through the NCUA's online portal, CUOnline. The financial and statistical information is essential to the NCUA in carrying out its responsibility for supervising federal credit unions. The information also enables the NCUA to monitor all federally insured credit unions with National Credit Union Share Insurance Fund (NCUSIF) insured share accounts. *Affected Public:* Private Sector: Not-for-profit institutions. *Estimated Total Annual Burden Hours:* 81,552. *OMB Number:* 3133-0202. *Type of Review:* Extension of a currently approved collection. *Title:* Proof of Concept Application
(POC)for New Charter Organizing Groups. *Abstract:* The Office of Credit Union Resources and Expansion
(CURE)is responsible for the review and approval of charter applications submitted by organizing groups. CURE has implemented a charter modernization process to improve the quality of charter applications received. This will help ensure organizing groups submit a well-thought out, well-developed charter plan to minimize the back-and-forth communication and improve overall chartering processing times. CURE management implemented the Proof of Concept
(POC)data collection through the CyberGrants system, which documents the four most critical elements for establishing a new charter. This is “Phase 1” of the process. The purpose of this information collection is to identify the level of understanding an organizing group has before they make a formal charter application submission as prescribed by Appendix B to 12 CFR part 701 (12 U.S.C. 1758, 1759). *Affected Public:* Private Sector: Not-for-profit institutions. *Estimated Total Annual Burden Hours:* 104. By Melane Conyers-Ausbrooks, Secretary of the Board, the National Credit Union Administration, on June 27, 2022. Dated: June 27, 2022. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2022-14049 Filed 6-29-22; 8:45 am]
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