Skip to content
LexBuild

Submission for OMB Review; Comment Request

---
identifier: "/us/fr/2020-17857"
source: "fr"
legal_status: "authoritative_unofficial"
title: "Submission for OMB Review; Comment Request"
title_number: 0
title_name: "Federal Register"
section_number: "2020-17857"
section_name: "Submission for OMB Review; Comment Request"
positive_law: false
currency: "2020-08-17"
last_updated: "2020-08-17"
format_version: "1.1.0"
generator: "[email protected]"
agency: "National Credit Union Administration"
document_number: "2020-17857"
document_type: "notice"
publication_date: "2020-08-17"
agencies:
  - "National Credit Union Administration"
fr_citation: "85 FR 50050"
fr_volume: 85
comments_close_date: "2020-09-16"
fr_action: "Notice."
---

#  Submission for OMB Review; Comment Request

**AGENCY:**

National Credit Union Administration (NCUA).

**ACTION:**

Notice.

**SUMMARY:**

The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995.

**DATES:**

Written comments should be received on or before September 16, 2020 to be assured of 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 Mackie Malaka at (703) 548-2704, emailing *[email protected],* or viewing the entire information collection request at *www.reginfo.gov.*

**SUPPLEMENTARY INFORMATION:**

*OMB Number:* 3133-0117.

*Title:* Designation of Low Income Status, 12 CFR part 701.34(a).

*Type of Review:* Extension of a currently approved collection.

*Abstract:* The Federal Credit Union Act (12 U.S.C. 1752(5)) authorizes the NCUA Board to define low-income members so that credit unions with a membership serving predominantly  low-income members can benefit from certain statutory relief and receive assistance from the Community Development Revolving Loan Fund. To utilize this authority, a credit union must receive a low-income designation from NCUA as defined in NCUA's regulations at 12 CFR 701.34. NCUA uses the information from credit unions to determine whether they meet the criteria for the low-income designation.

This is an extension of an emergency revision that incorporated a procedural change for credit unions, in qualifying for low-income designation status, to include military personnel in the low-income designation calculation.

*Affected Public:* Not-for-profit institutions.

*Estimated Total Annual Burden Hours:* 443.

By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on August 11, 2020.

Dated: August 11, 2020.

Mackie I. Malaka,

NCUA PRA Clearance Officer.