[Federal Register Volume 81, Number 135 (Thursday, July 14, 2016)]
[Notices]
[Page 45544]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-16654]



[[Page 45544]]

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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Federal Credit Union Bylaws

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: NCUA, as part of its continuing effort to reduce paperwork and 
respondent burden, invites the general public and other Federal 
agencies to comment on an extension of a previously approved 
collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 
104-13, 44 U.S.C. Chapter 35).

DATES: Written comments should be received on or before September 12, 
2016 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Dawn Wolfgang, National Credit Union 
Administration, 1775 Duke Street, Alexandria, Virginia 22314; Fax No. 
703-519-8579; or Email at [email protected].

FOR FURTHER INFORMATION CONTACT: Requests for additional information 
should be directed to the address above.

SUPPLEMENTARY INFORMATION:
    OMB Number: 3133-0052.
    Title: Federal Credit Union Bylaws.
    Abstract: Section 108 of the Federal Credit Union (FCU) Act (12 
U.S.C. 1758) requires the National Credit Union Administration (NCUA) 
Board to prepare bylaws before an FCU's charter is complete. The form 
bylaws are established to simplify the organization of a FCU and 
establish uniformity regarding FCU operations and member rights. The 
NCUA Board adopted the Bylaws and incorporated them into NCUA's 
regulations at 12 CFR 701.2 and as Appendix A to Part 701, in 2007. The 
bylaws address a broad range of matters concerning: An FCU's 
organization and governance; the FCU's relationship to members; and the 
procedures and rules an FCU follows. The NCUA uses the information both 
to regulate FCUs to protect consumers and monitor their safety and 
soundness to protect the National Credit Union Share Insurance Fund.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents/Recordkeepers: 3,721 Federal Credit 
Unions.
    Estimated Annual Frequency: 337.
    Estimated Annual No. of Responses: 1,255,046.
    Estimated Burden Hours per Response: 0.35.
    Estimated Total Annual Burden Hours: 436,614.
    Adjustment are being made to reflect the continuing decline in the 
number of FCUs and also an increase in the burden associated with the 
recordkeeping required due to the complexity of credit union operations 
and the corresponding committee minutes required to document such 
operations.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
Whether the collection of information is necessary for the proper 
performance of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
the information on the respondents, including the use of automated 
collection techniques or other forms of information technology.
    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on July 11, 2016.

    Dated: July 11, 2016.
Dawn D. Wolfgang,
NCUA PRA Clearance Officer.
[FR Doc. 2016-16654 Filed 7-13-16; 8:45 am]
 BILLING CODE 7535-01-P