Tap any paragraph to write a margin note. Your notes collect in the Desk below the text and file under cases with @. The side-by-side margin rail opens on a larger screen.

Code · REGISTER · 2022-10-26 · National Credit Union Administration (NCUA) · Notices

Notices. Notice

358 words·~2 min read·/register/2022/10/26/2022-23268·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

BILLING CODE 7020-02-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 November 25, 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 *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:* 3133-0182. *Type of Review:* Extension of a currently approved collection. *Title:* Bank Conversions and Mergers, 12 CFR part 708a. *Abstract:* Part 708a of NCUA's Rules and Regulations covers the conversion of federally insured credit unions (credit unions) to mutual savings banks
(MSBs)and mergers of credit unions into both mutual and stock banks (banks). Part 708a requires credit unions that intend to convert to MSBs or merge into banks to provide notice and disclosure of their intent to convert or merge to their members and NCUA, and to conduct a membership vote. In addition, Subpart C requires credit unions that intend to merge into banks to determine the merger value of the credit union. The information collection allows NCUA to ensure compliance with statutory and regulatory requirements for conversions and mergers and ensures that members of credit unions have sufficient and accurate information to exercise an informed vote concerning a proposed conversion or merger. *Affected Public:* Private Sector: Not-for-profit institutions. *Estimated Total Annual Burden Hours:* 391. By Melane Conyers-Ausbrooks, Secretary of the Board, the National Credit Union Administration, on October 20, 2022. Dated: October 21, 2022. Dawn D. Wolfgang, NCUA PRA Clearance Officer. [FR Doc. 2022-23268 Filed 10-25-22; 8:45 am]
Connections1 off-index
1 reference not yet in our index
  • 12 CFR 708
Citation graph
cites case law
Notices
Notice
Cite12 CFR 708
Cites 1Cited by 0 across 0 sources
★   the supreme law of the land   ★
Don't Tread on Me
E Pluribus Unum — out of many, one

"If you don't know your rights, you don't have any."

Marginalia · a citizen's law index
A research desk, not legal advice. Always read the cited source before relying on a summary.
Questions or an issue? support@self-law.org
disclaimerMarginalia is a research index, not a law firm. Nothing on this site is legal, tax, or financial advice and no attorney–client relationship is formed by using it. Statutes, regulations, and case law change; summaries, search results, AI output, and member posts may be incomplete, out of date, or wrong. Any interpretation drawn from material on this site should be validated by a licensed attorney in your jurisdiction before you act on it.