National Credit Union Administration 2016 – Federal Register Recent Federal Regulation Documents

Civil Monetary Penalty Inflation Adjustment
Document Number: 2016-14719
Type: Rule
Date: 2016-06-21
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is amending its regulations to adjust the maximum amount of each civil monetary penalty (CMP) within its jurisdiction to account for inflation. This action, including the amount of the adjustments, is required under the Federal Civil Penalties Inflation Adjustment Act of 1990, as amended by the Debt Collection Improvement Act of 1996 and the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015.
Community Development Revolving Loan Fund
Document Number: 2016-14718
Type: Proposed Rule
Date: 2016-06-21
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) proposes to make several technical amendments to NCUA's rule governing the Community Development Revolving Loan Fund (CDRLF). The proposed amendments would make the rule more succinct and update it to improve its transparency, organization, and ease of use by credit unions.
Agency Information Collection Activities: Proposed Collection; Comment Request; Call Report and Credit Union Profile
Document Number: 2016-14395
Type: Notice
Date: 2016-06-17
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a revision of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Submission for OMB Review; Comment Request
Document Number: 2016-14362
Type: Notice
Date: 2016-06-17
Agency: National Credit Union Administration, Agencies and Commissions
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, Public Law 104-13, on or after the date of publication of this notice.
Agency Information Collection Activities: Proposed Collection; Comment Request; Supervisory Committee Audits and Verifications
Document Number: 2016-13949
Type: Notice
Date: 2016-06-14
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Submission for OMB Review; Comment Request
Document Number: 2016-13948
Type: Notice
Date: 2016-06-14
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice.
Sunshine Act Meeting
Document Number: 2016-14022
Type: Notice
Date: 2016-06-13
Agency: National Credit Union Administration, Agencies and Commissions
Incentive-Based Compensation Arrangements
Document Number: 2016-11788
Type: Proposed Rule
Date: 2016-06-10
Agency: Federal Deposit Insurance Corporation, Agencies and Commissions, Federal Reserve System, National Credit Union Administration, Securities and Exchange Commission, Office of the Comptroller of the Currency, Department of Treasury, Department of the Treasury, Federal Housing Finance Agency
The OCC, Board, FDIC, FHFA, NCUA, and SEC (the Agencies) are seeking comment on a joint proposed rule (the proposed rule) to revise the proposed rule the Agencies published in the Federal Register on April 14, 2011, and to implement section 956 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). Section 956 generally requires that the Agencies jointly issue regulations or guidelines: (1) Prohibiting incentive-based payment arrangements that the Agencies determine encourage inappropriate risks by certain financial institutions by providing excessive compensation or that could lead to material financial loss; and (2) requiring those financial institutions to disclose information concerning incentive- based compensation arrangements to the appropriate Federal regulator.
Modernizing Data Collection for Regulatory Oversight of Credit Unions
Document Number: 2016-13332
Type: Notice
Date: 2016-06-07
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) is conducting a comprehensive review of two vehicles used to collect information for regulatory oversight of federally insured credit unions (FICUs)the 5300 Call Report (Call Report) and Form 4501A Profile (Profile). The overarching goal is modernizing content to (i) strengthen on-site examination and off-site monitoring by NCUA and state supervisory authorities, (ii) facilitate richer comparisons of institution and industry trends by other parties, and (iii) minimize the burden on reporting FICUs. NCUA plans a diverse outreach to inform modernization efforts with both general and specific input from all interested stakeholders. This RFI represents the first step. Specifically, this RFI announces NCUA's desire for assistance in identifying the interrelated considerations and challenges associated with improving the Call Report and Profile. Input with be gathered through an open public review-and-comment process featuring a range of possible forums (such as workshops, focus groups, online surveys, etc.). Target participants include credit unions, leagues, trades, regulators, industry-related persons, and academics.
Agency Information Collection Activities: Corporate Credit Union Monthly Call Report
Document Number: 2016-13283
Type: Notice
Date: 2016-06-06
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA intends to submit the following information collection to the Office of Management and Budget (OMB) for review and clearance under the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). The purpose of this notice is to allow for 60 days of public comment. This action relates to the monthly submission of information by corporate credit unions. This information is used by the NCUA to monitor the financial conditions of those credit unions.
Submission for OMB Review; Comment Request
Document Number: 2016-13281
Type: Notice
Date: 2016-06-06
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice.
Agency Information Collection Activities: Proposed Collection; Comment Request; Payments on Shares by Public Units and Nonmembers
Document Number: 2016-13240
Type: Notice
Date: 2016-06-06
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Submission for OMB Review; Comment Request
Document Number: 2016-11921
Type: Notice
Date: 2016-05-20
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice.
Sunshine Act Meeting
Document Number: 2016-11599
Type: Notice
Date: 2016-05-16
Agency: National Credit Union Administration, Agencies and Commissions
Submission for OMB Review; Comment Request
Document Number: 2016-11343
Type: Notice
Date: 2016-05-13
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice.
Office of Small Credit Unions (OSCUI) Grant Program Access For Credit Unions
Document Number: 2016-09913
Type: Notice
Date: 2016-04-28
Agency: National Credit Union Administration, Agencies and Commissions
The National Credit Union Administration (NCUA) is issuing a Notice of Funding Opportunity (NOFO) to invite eligible credit unions to submit applications for participation in the OSCUI Grant Program (a.k.a. Community Development Revolving Loan Fund (CDRLF)), subject to funding availability. The OSCUI Grant Program serves as a source of financial support, in the form of technical assistance grants, for credit unions serving predominantly low-income members. It also serves as a source of funding to help low-income designated credit unions (LICUs) respond to emergencies arising in their communities.
Federal Credit Union Occupancy, Planning, and Disposal of Acquired and Abandoned Premises; Incidental Powers
Document Number: 2016-09867
Type: Proposed Rule
Date: 2016-04-27
Agency: National Credit Union Administration, Agencies and Commissions
As part of NCUA's Regulatory Modernization Initiative, the NCUA Board (Board) is issuing for public comment a proposed rule to amend its regulation governing federal credit union (FCU) occupancy, planning, and disposal of acquired and abandoned premises, and its regulation regarding incidental powers. To provide regulatory relief to FCUs, the proposal eliminates a requirement in the current occupancy rule (formerly known as the fixed assets rule) that an FCU must plan for, and eventually achieve, full occupancy of acquired premises. The proposal generally retains the current regulatory timeframes for partial occupancy. However, it modifies the definition of ``partially occupy'' to mean occupation and use, on a full-time basis, of at least fifty percent of the premises by the FCU, or by a combination of the FCU and a credit union service organization (CUSO) in which the FCU has a controlling interest in accordance with Generally Accepted Accounting Principles (GAAP). The proposal also amends the excess capacity provision in NCUA's incidental powers rule to clarify that an FCU may lease or sell excess capacity in its facilities, but it need not anticipate that such excess capacity will be fully occupied by the FCU in the future. However, the sale or lease of excess capacity in equipment or services, including employee-sharing and data processing for third parties, continues to be limited to circumstances where an FCU reasonably anticipates that such excess capacity will be taken up by the future expansion of services to members.
Sunshine Act; Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting
Document Number: 2016-09505
Type: Notice
Date: 2016-04-22
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Reverse Mortgage Products: Guidance for Managing Compliance and Reputation Risks; Comment Request
Document Number: 2016-09379
Type: Notice
Date: 2016-04-22
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on this reinstatement of a previously approved collection, as required by Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). The purpose of this notice is to allow for 60 days of public comment. NCUA is soliciting comments on the reinstatement of the information collection described below.
Sunshine Act Meeting
Document Number: 2016-09039
Type: Notice
Date: 2016-04-18
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities; Proposed Collections; Comment Request
Document Number: 2016-08876
Type: Notice
Date: 2016-04-18
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on these reinstatements of previously approved collections, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Agency Information Collection Activities: Account Based Disclosures in Connection With Truth in Savings; Comment Request
Document Number: 2016-08874
Type: Notice
Date: 2016-04-18
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the submission for reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35). NCUA is soliciting comment on the reinstatement of the information collection described below.
Agency Information Collection Activities; Proposed Collections; Comment Request
Document Number: 2016-08224
Type: Notice
Date: 2016-04-11
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on these reinstatements of previously approved collections, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Investment and Deposit Activities-Bank Notes
Document Number: 2016-07151
Type: Rule
Date: 2016-03-30
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is finalizing a rule that amends the maturity requirement for bank notes to be permissible investments for federal credit unions (FCUs) by removing the word ``original'' from the current requirement that bank notes have ``original weighted average maturities of less than 5 years.''
Agency Information Collection Activities: Proposed Collection; Comment Request; Investment and Deposit Activities
Document Number: 2016-07123
Type: Notice
Date: 2016-03-30
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Agency Information Collection Activities: Proposed Collection; Comment Request; Central Liquidity Facilities, 12 CFR Part 725
Document Number: 2016-06667
Type: Notice
Date: 2016-03-24
Agency: National Credit Union Administration, Agencies and Commissions
NCUA, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35).
Sunshine Act: Notice of Agency Meeting
Document Number: 2016-06402
Type: Notice
Date: 2016-03-21
Agency: National Credit Union Administration, Agencies and Commissions
Agency Information Collection Activities: Proposed Collection; Comment Request; Vendor Registration Form
Document Number: 2016-05667
Type: Notice
Date: 2016-03-14
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA, as part of its continuing efforts to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on an extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The NCUA is soliciting comments on its Vendor Registration Form.
Member Business Loans; Commercial Lending
Document Number: 2016-03955
Type: Rule
Date: 2016-03-14
Agency: National Credit Union Administration, Agencies and Commissions
As part of NCUA's Regulatory Modernization Initiative, the NCUA Board (Board) is amending its member business loans (MBL) rule to provide federally insured credit unions with greater flexibility and individual autonomy in safely and soundly providing commercial and business loans to serve their members. The final amendments modernize the regulatory requirements that govern credit union commercial lending activities by replacing the current rule's prescriptive requirements and limitationssuch as collateral and security requirements, equity requirements, and loan limitswith a broad principles-based regulatory approach. As such, the amendments also eliminate the current MBL waiver process, which is unnecessary under a principles-based rule.
Privacy Act of 1974: System of Records
Document Number: 2016-05313
Type: Notice
Date: 2016-03-10
Agency: National Credit Union Administration, Agencies and Commissions
The Personnel Administrative Security System collects and maintains information on individuals requiring access to NCUA- controlled facilities and NCUA applicants, employees, and contractors requiring suitability, fitness, and/or national security determinations.
Agency Information Collection Activities: Proposed Collection; Comment Request; Corporate Credit Unions
Document Number: 2016-05010
Type: Notice
Date: 2016-03-08
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA, as part of its continuing efforts to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on a reinstatement of a previously approved collection, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). The NCUA is soliciting comments concerning regulations on corporate credit unions under 12 CFR part 704.
Sunshine Act Meeting
Document Number: 2016-03210
Type: Notice
Date: 2016-02-16
Agency: National Credit Union Administration, Agencies and Commissions
Capital Planning and Stress Testing-Schedule Shift
Document Number: 2016-02740
Type: Rule
Date: 2016-02-11
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) published a final rule in the Federal Register on August 11, 2015, regarding the capital planning and stress testing provisions in NCUA's regulations. This amendment corrects the regulations by reinstating a provision that was inadvertently removed by the August 2015 final rule.
Request for Comment Regarding National Credit Union Administration Draft 2017-2021 Strategic Plan
Document Number: 2016-01777
Type: Notice
Date: 2016-02-02
Agency: National Credit Union Administration, Agencies and Commissions
On January 27, 2016 the Federal Register published a Notice and Request for Comment for the NCUA Draft 2017-2021 Strategic Plan (Citation 81 FR 4679). This Federal Register Notice repairs a hyperlink within the notice. The NCUA Board (Board) is requesting comment on its 2017-2021 Draft Strategic Plan. The NCUA Draft Strategic Plan 2017-2021 summarizes our analysis of the internal and external environment impacting NCUA; evaluates NCUA programs and risks; and provides goals and objectives for the next five years. While the Board welcomes all comments from the public and stakeholders, it specifically invites comments and input on the proposed goals and objectives of the strategic plan.
Request for Comment Regarding Overhead Transfer Rate Methodology
Document Number: 2016-01626
Type: Notice
Date: 2016-01-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Operating Budget has two primary funding mechanisms: (1) An Overhead Transfer, which is funded by federal credit unions (FCUs) and federally insured state-chartered credit unions (FISCUs); and (2) annual Operating Fees, which are charged only to FCUs. In a voluntary effort to invite input from stakeholders representing federal and state-chartered credit unions, the NCUA Board (Board) is simultaneously requesting comments on the methodologies for both funding mechanisms in separate notices in the Federal Register. This request for comments focuses on the methodology NCUA uses to determine the Overhead Transfer Rate (OTR). To facilitate comments, the Board is also assembling and describing its existing OTR methodologies and processes, which are also available on NCUA's Web site. The Board applies the OTR to NCUA's Operating Budget to determine the portion of the budget that will be funded from the National Credit Union Share Insurance Fund (NCUSIF). The Board invites comments on all aspects of the OTR methodology and any alternatives commenters may offer. Areas the Board specifically seeks comments on include: Whether the OTR should continue to be determined using a formula-driven approach, or instead be set largely at the discretion of the Board; The definition NCUA uses for insurance-related activities; Adjustments or changes to the current calculation; and Alternate methodologies to arrive at an accurate and fair allocation of costs. To be most instructive to the Board, commenters are encouraged to provide the specific basis for their comments and recommendations, as well as documentation to support their proposed adjustments or alternatives.
Request for Comment Regarding National Credit Union Administration Draft 2017-2021 Strategic Plan
Document Number: 2016-01625
Type: Notice
Date: 2016-01-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board (Board) is requesting comment on its 2017-2021 Draft Strategic Plan. The NCUA Draft Strategic Plan 2017-2021 summarizes our analysis of the internal and external environment impacting NCUA; evaluates NCUA programs and risks; and provides goals and objectives for the next five years. While the Board welcomes all comments from the public and stakeholders, it specifically invites comments and input on the proposed goals and objectives of the strategic plan.
Request for Comment Regarding National Credit Union Administration Operating Fee Schedule Methodology
Document Number: 2016-01623
Type: Notice
Date: 2016-01-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Operating Budget has two primary funding mechanisms: (1) An Overhead Transfer, which is funded by federal credit unions (FCUs) and federally insured state-chartered credit unions (FISCUs); and (2) annual Operating Fees, which are charged only to FCUs. In a voluntary effort to invite input from stakeholders representing federal and state-chartered credit unions, the NCUA Board (Board) is simultaneously requesting comments on the methodologies for both funding mechanisms in separate notices in the Federal Register. This request for comments focuses on the methodology NCUA uses to determine the aggregate amount of Operating Fees charged to federal credit unions, including the fee schedule that allocates the Operating Fees at different rates among FCUs according to various asset thresholds. While the NCUA Board is interested in all comments from the public and stakeholders, commenters are also asked to consider the following questions when responding: (1) Are the asset determination thresholds reasonable; and (2) is the method for forecasting projected asset growth for the credit union system reasonable? Responding to these questions will provide valuable insight to the NCUA Board with respect to how the Operating Fee is administered. To be most instructive to the Board, commenters are encouraged to provide the specific basis for their comments and recommendations, as well as documentation to support their proposed adjustments or alternatives.
Technical Amendments
Document Number: 2016-01602
Type: Rule
Date: 2016-01-27
Agency: National Credit Union Administration, Agencies and Commissions
The NCUA Board is amending the section of NCUA's regulations addressing the description of NCUA to make minor, non-substantive technical corrections. The technical amendments update the regulations to reflect current agency office functions and responsibilities and will not cause any substantive changes.
Sunshine Act; Notice of a Matter To Be Added to the Agenda for Consideration at an Agency Meeting
Document Number: 2016-01347
Type: Notice
Date: 2016-01-22
Agency: National Credit Union Administration, Agencies and Commissions
Sunshine Act Meeting
Document Number: 2016-00986
Type: Notice
Date: 2016-01-19
Agency: National Credit Union Administration, Agencies and Commissions