NCUA Seeks Comments on Information Collection Renewal
Summary
The National Credit Union Administration (NCUA) has submitted requests to the Office of Management and Budget (OMB) for the renewal of three information collections: Records Preservation, Federal Credit Union Bylaws, and Supervisory Committee Audits and Verifications. The agency is seeking public comments on these proposed renewals.
What changed
The National Credit Union Administration (NCUA) is seeking public comments on its submission to the Office of Management and Budget (OMB) for the renewal of three existing information collections: Records Preservation (12 CFR part 749), Federal Credit Union Bylaws (Appendix A to Part 701), and Supervisory Committee Audits and Verifications (12 CFR 715). These submissions include revisions and extensions of currently approved collections, with noted changes in the estimated number of respondents for two of the collections. The agency is providing a comment period to gather feedback on these proposed renewals.
Regulated entities, specifically not-for-profit credit unions, should review the details of these information collections, particularly the abstracts and reasons for change, to understand the scope of the programs. Interested parties are encouraged to submit written comments to www.reginfo.gov/public/do/PRAMain by March 30, 2026, to ensure their feedback is considered. While these are renewals, understanding the requirements for records preservation, bylaws maintenance, and audit procedures remains crucial for ongoing compliance.
What to do next
- Review NCUA's information collection renewal requests for Records Preservation, Federal Credit Union Bylaws, and Supervisory Committee Audits and Verifications.
- Submit written comments to www.reginfo.gov/public/do/PRAMain by March 30, 2026.
Source document (simplified)
Content
ACTION:
Notice of submission to the Office of Management and Budget.
SUMMARY:
As required by the Paperwork Reduction Act of 1995, The National Credit Union Administration (NCUA) is submitting the following
extensions and revisions of currently approved collections to the Office of Management and Budget (OMB) for renewal.
DATES:
Written comments should be received on or before March 30, 2026 to be assured 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 Dacia Rogers at (703) 518-6547, emailing PRAComments@ncua.gov, or viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
OMB Number: 3133-0032.
Title: Records Preservation, 12 CFR part 749.
Type of Review: Revision of a currently approved collection.
Abstract: Part 749 of the NCUA Regulations directs each credit union to have a vital records preservation program that includes procedures
for maintaining duplicate vital records at a location far enough from the credit union's offices to avoid the simultaneous
loss of both sets of records in the event of disaster. Part 749 also requires the program be in writing and include emergency
contact information for employees, officials, regulatory offices, and vendors used to support vital records.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 4,339.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Responses: 4,339.
Estimated Hours per Response: varies.
Estimated Total Annual Burden Hours: 8,726.
Reason for Change: The number of respondents decreased from 4,853 to 4,339.
OMB Number: 3133-0052.
Title: Federal Credit Union Bylaws, Appendix A to Part 701.
Type of Review: Extension of a previously approved collection.
Abstract: The FCU Act and Bylaws require new and current FCU to prepare and maintain documents, such as organization certificate, charter,
notices, meeting minutes, and election results, and notify the NCUA Board of certain changes. FCU's use the information they
collect and maintain pursuant to their bylaws in their operations and to provide services to members. NCUA uses the information
both to regulate the safety and soundness of FCU and protect the National Credit Union Share Insurance Fund.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 2,766.
Estimated Number of Responses per Respondent: varies.
Estimated Total Annual Responses: 3,027,028.
Estimated Hours per Response: varies.
Estimated Total Annual Burden Hours: 346,893.
Reason for Change: The number of respondents decreased from 3,335 to 2,766.
OMB Number: 3133-0059.
Title: Supervisory Committee Audits and Verifications, 12 CFR 715.
Type of Review: Extension of a previously approved collection.
Abstract: The rule specifies the minimum annual audit a credit union is required to obtain according to its charter type and asset size,
the licensing authority required of persons performing certain audits, the auditing principles that apply to certain audits,
and the accounting principles that must be followed in reports filed with the NCUA Board.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 4,411.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Responses: 19,850.
Estimated Hours per Response: varies.
Estimated Total Annual Burden Hours: 11,029.
Reason for Change: The number of respondents decreased from 5,308 to 4,411.
OMB Number: 3133-0114.
Title: Payments on Shares by Public Units and Nonmembers, 12 CFR 701.32.
Type of Review: Extension of a previously approved collection.
Abstract: Section 107(6) of the Federal Credit Union Act (Act) and § 701.32 of the NCUA Rules and Regulations (12 CFR part 701) may
receive from public units and political subdivisions and non-member credit unions, payments on shares. Limitations on non-member
and public unit deposits in federal credit unions (FCUs) is 50 percent of the difference of paid-in and unimpaired capital
and surplus and any public unit and non-member shares, as measured at the time of acceptance of each public unit or non-member
share. This collection of information is necessary to protect the National Credit Union Share Insurance Fund (NCUSIF).
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 10.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Responses: 10.
Estimated Hours per Response: 2.
Estimated Total Annual Burden Hours: 20.
Reason for Change: The number of respondents required to complete the plan decreased.
OMB Number: 3133-0146.
Title: Production of Nonpublic Records and Testimony of Employees in Legal Proceedings.
Type of Review: Extension of a previously approved collection.
Abstract: The NCUA requires this information collection to handle requests and subpoenas from a party or parties seeking non-public
records or the testimony of NCUA employees. The NCUA will use the information to decide how and whether it will disclose non-public
records and/or permit employees to testify in legal proceedings.
Affected Public: Private Sector: Not-for-profit institutions.
Estimated Number of Respondents: 20.
Estimated Number of Responses per Respondent: 1.
Estimated Total Annual Responses: 20.
Estimated Hours per Response: 5.
Estimated Total Annual Burden Hours: 100.
OMB Number: 3133-0182.
Title: Bank Conversions and Mergers, 12 CFR part 708a.
Type of Review: Extension of a previously approved collection.
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 Number of Respondents: 1.
Estimated Number of Responses per Respondent: varies.
Estimated Total Annual Responses: 13.
Estimated Hours per Response: varies.
Estimated Total Annual Burden Hours: 217.
Reason for Change: The annual burden hours decreased due to adjustments made to the response times for recordkeeping and disclosures.
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. 2026-03802 Filed 2-25-26; 8:45 am] BILLING CODE 7535-01-P
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