BILLING CODE 7535-01
NATIONAL CREDIT UNION ADMINISTRATION
Renewal of Agency Information Collections for Comments Request: Proposed Collections
AGENCY: National Credit Union Administration (NCUA).
ACTION: Notice and request for comments.
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: Written comments should be received on or before [INSERT DATE 60 DAYS
FROM DATE OF PUBLICATION IN THE FEDERAL REGISTER] to be assured
consideration.
ADDRESSES: Interested persons are invited to submit written comments on the information
collection to Dacia Rogers, National Credit Union Administration, 1775 Duke Street,
Alexandria, Virginia 22314, Suite 5067; Fax No. (703) 519-8579; or e-mail at
PRAComments@NCUA.gov.
FOR FURTHER INFORMATION CONTACT: Copies of the submission may be obtained
by contacting Dacia Rogers at (703) 718-1155.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0138.
Title: Community Development Revolving Loan Fund - Loan and Grant Programs, 12 CFR Part
705.
Type of Review: Extension of a previously approved collection.
Abstract: The Fund is used to support credit unions that serve low-income communities by
providing loans and technical assistance grants to qualifying institutions. The programs are
designed to increase income, ownership, and employment opportunities for low-income

residents, and to stimulate economic growth. In addition, the programs provide assistance to
improve the quality of services to the community and formulate more effective and efficient
operations of credit unions. The information will allow NCUA to assess a credit union's capacity
to repay the Funds and/or ensure that the funds are used as intended to benefit the institution and
community it serves.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 872.
OMB Number: 3133-0149.
Title: Credit Union Service Organizations (CUSOs) 12 CFR Part 712.
Type of Review: Extension of a previously approved collection.
Abstract: Part 712 of NCUA’s rules and regulations regulates the relationship between federally
insured credit unions (FICUs) and credit union service organizations (CUSOs). The rule requires
that FICUs enter into a written agreement with a CUSO (prior to investing in or loaning money
to) which stipulates the CUSO will follow general accepted accounting principles (GAAP);
prepare quarterly financial statements; grant NCUA access to the CUSO books and records, and
annually report directly to NCUA via a CUSO registry.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 3,318.
OMB Number: 3133-0183.
Title: Golden Parachute and Indemnification Payments, 12 CFR Part 750.
Type of Review: Extension of a previously approved collection.
Abstract: This rule prohibits, in certain circumstances, a federally insured credit union (FICU)
from making golden parachute and indemnification payments to an institution-affiliated party
(IAP). Section 750.6 requires requests by a troubled FICU to make a severance or golden
parachute payment to an IAP to be submitted in writing to NCUA. The information will be used

by the NCUA to determine whether an exception to the general prohibition on golden parachute
payments should be approved.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 19.
OMB Number: 3133-0184.
Title: Requirements for Insurance - Interest Rate Risk Policy.
Type of Review: Extension of a previously approved collection.
Abstract: Section 741.3(b)(5) of NCUA’s rules and regulations requires federally-insured credit
unions with assets of more than $50 million to develop, as a prerequisites for insurability of its
member deposits, a written interest rate risk management policy and a program to effectively
implement the policy. The need for FICU to have a written policy to establish responsibilities
and procedures for identifying, measuring, monitoring, controlling, and reporting, and
establishing risk limits are essential components of safe and sound credit union operations and to
ensure the security of the National Credit Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 773.
OMB Number: 3133-0197.
Title: Safe Harbor; Treatment of Financial Assets Transferred in Connection with a
Securitization or Participation.
Type of Review: Extension of a previously approved collection.
Abstract: The rule clarifies the conditions for a safe harbor for securitization or participation and
sets forth safe harbor protections for securitizations that do not comply with the new accounting
standards for off balance sheet treatment by providing for expedited access to the financial assets
that are securitized if they meet the conditions defined in the rule. The conditions contained in
the rule will serve to protect the National Credit Union Share Insurance Fund (NCUSIF) and

NCUA’s interests as liquidating agent or conservator by aligning the conditions for the safe
harbor with better and more sustainable lending practices by insured credit unions (FICUs).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 514.
OMB Number: 3133-0198.
Title: Appeals Procedures -12 CFR 746, Subpart B.
Type of Review: Extension of a previously approved collection.
Abstract: Part 746, subpart B, will govern most authorized appeals to the Board of adverse
determinations made at program office levels under agency regulations that permit such an
appeal. The procedures are intended to result in greater efficiency, consistency, and better
understanding of the way in which matters under covered regulations may be appealed to the
Board.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Total Annual Burden Hours: 440.
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 the National Credit Union Administration Board.
Melane Conyers-Ausbrooks,
Secretary of the Board.

[FR Doc. 2024-15708 Filed: 7/16/2024 8:45 am; Publication Date: 7/17/2024]