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News Now

Washington
NCUA Files with OMB to Renew Ongoing Data Collections
WASHINGTON (9/27/13)--The National Credit Union Administration is seeking U.S. Office of Management and Budget approval for a series of data collection projects.

The NCUA is required under the Paperwork Reduction Act to renew its ongoing information collection efforts. The information requests are published to obtain public comment on whether OMB should approve the data collection requests. CUNA is reviewing them and as it has in the past will weigh in with the OMB as appropriate.

Areas highlighted in the NCUA requests include:
  • The circumstances and conditions under which federal credit union members may inspect and copy their credit union's books, records, and minutes of meetings;
  • Credit unions that serve predominately low-income members and seek a low-income designation from NCUA so they may benefit from certain statutory relief and receive assistance from the Community Development Revolving Loan Fund;
  • Supervisory committee audit and verification requirements;
  • The NCUA's regulation on nondiscrimination requirements in real estate-related lending;
  • Certain Truth in Savings Act disclosures;
  • Federal credit union reimbursement policies;
  • Electronic funds transfer information; and
  • Credit union service organization lending and investment authorities.


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