The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies ...
The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995.
DATES:
Written comments should be received on or before September 16, 2020 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 Mackie Malaka at (703) 548-2704, emailing
PRAComments@ncua.gov,
or viewing the entire information collection request at
www.reginfo.gov.
Type of Review:
Extension of a currently approved collection.
Abstract:
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
( printed page 50051)
low-income members can benefit from certain statutory relief and receive assistance from the Community Development Revolving Loan Fund. To utilize this authority, a credit union must receive a low-income designation from NCUA as defined in NCUA's regulations at 12 CFR 701.34. NCUA uses the information from credit unions to determine whether they meet the criteria for the low-income designation.
This is an extension of an emergency revision that incorporated a procedural change for credit unions, in qualifying for low-income designation status, to include military personnel in the low-income designation calculation.
Affected Public:
Not-for-profit institutions.
Estimated Total Annual Burden Hours:
443.
By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on August 11, 2020.
www.reginfo.gov/public/do/PRAMain
12 CFR part 701.34(a)
12 U.S.C. 1752(5)