Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 88975 

1 88 FR 43149 (July 6, 2023). 

To review copies of all public 

documents pertaining to PTL’s 

application, go to https://

www.regulations.gov or contact the 

Docket Office, Occupational Safety and 

Health Administration, U.S. Department 

of Labor at (202) 693–2350. Docket No. 

OSHA–2010–0013 contains all materials 

in the record concerning PTL’s 

recognition. All submissions, including 

copyrighted material, are available for 

inspection through the OSHA Docket 

Office. Contact the OSHA Docket Office 

at (202) 693–2350 for assistance in 

locating docket submissions. 

II. Final Decision and Order 

OSHA staff examined PTL’s 

expansion application, their capability 

to meet the requirements of the test 

standards, and other pertinent 

information. Based on its review of this 

evidence, OSHA finds that PTL meets 

the requirements of 29 CFR 1910.7 for 

expansion of its recognition, subject to 

the limitations and conditions listed 

below. OSHA, therefore, is proceeding 

with this final notice to grant PTL’s 

scope of recognition. OSHA limits the 

expansion of PTL’s recognition to 

testing and certification of products for 

demonstration of conformance to the 

test standards shown below in table 1. 

TABLE 1—APPROPRIATE TEST STANDARDS FOR INCLUSION IN PTL’s NRTL SCOPE OF RECOGNITION

Test standard Test standard title 

UL 61730—Part 1 ........................... Photovoltaic (PV) Module Safety Qualification—Part 1: Requirements for Construction; and 

UL 61730—Part 2 ........................... Photovoltaic (PV) Module Safety Qualification—Part 2: Requirements for Testing. 

OSHA’s recognition of any NRTL for 

a particular test standard is limited to 

equipment or materials for which OSHA 

standards require third-party testing and 

certification before using them in the 

workplace. Consequently, if a test 

standard also covers any products for 

which OSHA does not require such 

testing and certification, a NRTL’s scope 

of recognition does not include these 

products. 

A. Conditions 

Recognition is contingent on 

continued compliance with 29 CFR 

1910.7, including but not limited to, 

abiding by the following conditions of 

recognition: 

1. PTL must inform OSHA as soon as 

possible, in writing, of any change of 

ownership, facilities, or key personnel, 

and of any major change in its 

operations as a NRTL, and provide 

details of the change(s); 

2. PTL must meet all the terms of its 

recognition and comply with all OSHA 

policies pertaining to this recognition; 

and 

3. PTL must continue to meet the 

requirements for recognition, including 

all previously published conditions on 

PTL’s scope of recognition, in all areas 

for which it has recognition. 

Pursuant to the authority in 29 CFR 

1910.7, OSHA hereby expands the scope 

of recognition of PTL as a NRTL, subject 

to the limitations and conditions 

specified above. 

III. Authority and Signature 

James S. Frederick, Deputy Assistant 

Secretary of Labor for Occupational 

Safety and Health, 200 Constitution 

Avenue NW, Washington, DC 20210, 

authorized the preparation of this 

notice. Accordingly, the agency is 

issuing this notice pursuant to 29 U.S.C. 

657(g)(2), Secretary of Labor’s Order No. 

8–2020 (85 FR 58393; Sept. 18, 2020), 

and 29 CFR 1910.7. 

Signed at Washington, DC. 

James S. Frederick, 

Deputy Assistant Secretary of Labor for 

Occupational Safety and Health. 

[FR Doc. 2023–28337 Filed 12–22–23; 8:45 am] 

BILLING CODE 4510–26–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

National Credit Union Administration 

Operating Fee Schedule Methodology 

AGENCY: National Credit Union 

Administration (NCUA). 

ACTION: Notice. 

SUMMARY: The NCUA Board (Board) is 

amending its methodology for 

computing the annual operating fees it 

charges to federal credit unions (FCUs). 

First, for purposes of calculating the 

annual operating fee, the Board will 

increase the current asset exemption 

threshold from $1 million to $2 million. 

Second, the Board will adjust the asset 

exemption threshold annually in future 

years by the computed rate of aggregate 

asset growth at FCUs. Third, in response 

to comments from the public, as part of 

future reviews of the Operating Fee 

Schedule methodology the Board plans 

to analyze options to adjust the 

distribution of operating fee costs. 

DATES: This methodology is effective on 

January 25, 2024. 

FOR FURTHER INFORMATION CONTACT: 

James Holm, Supervisory Budget 

Analyst, Office of the Chief Financial 

Officer, at (703) 518–6570. 

SUPPLEMENTARY INFORMATION: 

I. Introduction 

II. Summary of the Proposed Changes to the 

Operating Fee Schedule Methodology 

and Public Comments 

III. Summary of the Operating Fee Schedule 

Methodology 

I. Introduction 

At its June 2023 meeting, the Board 

issued a notice requesting public 

comment about amendments to its 

methodology for computing the annual 

operating fee charged to FCUs.1 For 

purposes of calculating the annual 

operating fee, the Board requested views 

from the public about: (1) increasing the 

asset threshold used to determine which 

FCUs are exempt from paying an 

operating fee from $1 million to $2 

million; (2) updating the exemption 

threshold in future years based on 

annual asset growth at FCUs; and (3) 

whether and how the Board should 

modify the current three-tier Operating 

Fee Schedule to distribute the operating 

fee cost burden more equitably across 

FCUs subject to paying it. 

Currently, FCUs reporting average 

assets of $1,000,000 or less during the 

preceding four calendar quarters are 

exempt from paying an operating fee 

because the Board determined that such 

credit unions do not have the ability to 

pay the fee. The $1,000,000 average 

asset exemption level has been in place 

since 2012 and has not been adjusted 

since that time. In the intervening 11 

years, average assets across FCUs have 

approximately doubled. To account for 

this growth in the size of the credit 

union system, the Board proposed 

raising the average asset exemption 

level for FCUs to $2,000,000 and to 

adjust the exemption threshold annually 

in future years by the computed rate of 

asset growth among FCUs. 

A. Background on the NCUA Annual 

Budget and Fees Paid by FCUs 

The NCUA charters, regulates, and 

insures deposits in FCUs and insures 


khammond on DSKJM1Z7X2PROD with NOTICES
88976 Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 

2See, e.g., 12 U.S.C. 1783(a) (making the Share 

Insurance Fund available ‘‘for such administrative 

and other expenses incurred in carrying out the 

purpose of [Title II of the FCU Act] as [the Board] 

may determine to be proper.’’). 

3 12 U.S.C. 1755(a) (‘‘In accordance with rules 

prescribed by the Board, each [FCU] shall pay to the 

[NCUA] an annual operating fee which may be 

composed of one or more charges identified as to 

the function or functions for which assessed.’’) and 

12 U.S.C. 1766(j)(3). Other sources of income for the 

operating budget include interest income, funds 

from publication sales, parking fee income, and 

rental income. 

4 12 CFR 701.6(a). 

5 12 U.S.C. 1755(a). 

6 12 U.S.C. 1755(b). 

7 Id. 

8 12 U.S.C. 1755(d). 

9 12 CFR 701.6. 

10 Id. 11 44 FR 11785 (Mar. 2, 1979). 12 Id. at 11786. 

13 Id. at 11787. 

14 44 FR 27379 (May 10, 1979). 

15See Board Action Memorandum on 2016 

operating fee (Nov. 19, 2015), https://

www.ncua.gov/About/Documents/Agenda%20

Items/AG20151119Item6a.pdf. Since that time, the 

operating fee schedule has been published in the 

NCUA’s annual budget. 

16 5 U.S.C. 551 et seq. 

17 81 FR 4674 (Jan. 27, 2016). 

18Board Action Memorandum on 2013 operating 

fee (Nov. 15, 2012). 

19 12 U.S.C. 1755(b). 

20 12 CFR 701.6(c). 

deposits in federally insured, statechartered credit unions (FISCUs) that 

have their shares insured through the 

National Credit Union Share Insurance 

Fund (Share Insurance Fund). To cover 

expenses related to the NCUA’s tasks, 

the Board adopts an annual budget for 

each year. The Federal Credit Union Act 

(FCU Act) provides two primary sources 

to fund the budget: (1) requisitions from 

the Share Insurance Fund, referred to as 

the overhead transfer rate (OTR); 2 and 

(2) operating fees charged against 

FCUs.3 The Board uses an allocation 

formula to calculate the OTR and 

determine the amount of the budget that 

it will requisition from the Share 

Insurance Fund. Remaining amounts 

needed to fund the annual budget are 

charged to FCUs in the form of 

operating fees, based on each FCU’s 

total assets.4

With regard to the operating fee, the 

FCU Act requires each FCU to, ‘‘in 

accordance with rules prescribed by the 

Board, . . . pay to the [NCUA] an 

annual operating fee which may be 

composed of one or more charges 

identified as to the function or functions 

for which assessed.’’ 5 The fee must ‘‘be 

determined according to a schedule, or 

schedules, or other method determined 

by the Board to be appropriate, which 

gives due consideration to the expenses 

of the [NCUA] in carrying out its 

responsibilities under the [FCU Act] and 

to the ability of [FCUs] to pay the fee.’’ 6

The statute requires the Board to, among 

other things, ‘‘determine the periods for 

which the fee shall be assessed and the 

date or dates for the payment of the fee 

or increments thereof.’’ 7

Accordingly, the FCU Act imposes 

three requirements on the Board related 

to assessing an operating fee on FCUs: 

(1) the fee must be assessed according 

to a schedule or schedules, or other 

method that the Board determines to be 

appropriate, which gives due 

consideration to NCUA’s 

responsibilities in carrying out the FCU 

Act and the ability of FCUs to pay the 

fee; (2) the Board must determine the 

period for which the fee will be assessed 

and the due date for payment; and (3) 

the Board must deposit collected fees 

into the Treasury to defray the Board’s 

expenses in carrying out the FCU Act. 

Once collected, operating fees ‘‘may be 

expended by the Board to defray the 

expenses incurred in carrying out the 

provisions of [the FCU Act,] including 

the examination and supervision of 

[FCUs].’’ 8 The NCUA’s regulations 

govern certain aspects of the operating 

fee processes.9 The regulation 

establishes: (i) the basis for charging 

operating fees; (ii) a notice process; (iii) 

rules for new charters, conversions, 

mergers, and liquidations; and (iv) 

administrative fees and interest for late 

payment, among other principles and 

processes.10

The Board first proposed its Operating 

Fee Schedule methodology in 1979, 

after Congress passed the Financial 

Institutions Regulatory and Interest Rate 

Control Act of 1978.11 This legislation 

permitted the Board to consolidate 

previously separate chartering, 

supervision, and examination fees into 

a single operating fee, charged ‘‘in 

accordance with schedules, and for time 

periods, as determined by the Board, in 

an amount necessary to offset the 

expenses of the Administration at a rate 

consistent with a credit union’s ability 

to pay.’’ 12 In combination with a 

proposed change to § 701.6 of the 

NCUA’s regulations in 1979, the Board 

proposed an initial fee schedule in the 

Federal Register, including rates for 12 

asset tiers.13 It later published a final 

rule in the Federal Register, which 

included a finalized fee schedule for 

1979.14

Other aspects of and adjustments to 

the operating fee process, such as 

changes to which FCUs are exempt from 

operating fees or the multipliers used to 

determine fees applicable to FCUs that 

fall within designated asset tiers, have 

not always been published in the 

Federal Register and are not included in 

the Code of Federal Regulations. 

Instead, in November 2015, the Board 

delegated authority to the NCUA’s Chief 

Financial Officer to administer the 

Board-approved Operating Fee Schedule 

methodology and to set the operating 

fees as calculated per the approved 

methodology during each annual budget 

cycle beginning with 2016.15

Although it is not required to do so 

under the Administrative Procedure 

Act,16 in January 2016, the Board 

published an updated methodology in 

detail in the Federal Register and 

solicited comment.17 The Board made 

no changes in response to comments on 

the methodology published in 2016. 

The Board provided notice of several 

revisions to the Operating Fee Schedule 

methodology in July 2020 and revised 

the methodology concurrently with 

approving a final operating fee rule in 

December 2020. The Board adopted 

three revisions to the methodology: (1) 

including the budget for capital projects 

within the total annual budget subject to 

the OTR; (2) including projected 

miscellaneous revenues within the total 

annual budget subject to the OTR; and 

(3) for purposes of determining the 

annual adjustment to the rate tier 

thresholds, comparing the average of 

total FCU assets reported in Call Reports 

for the four quarters available at the 

time the Board approves the budget to 

the average of total FCU assets in Call 

Reports for the four quarters of the 

respective previous years. 

Since 2020, the Chief Financial 

Officer has applied the published 

Operating Fee Schedule methodology 

and explained its application in the 

NCUA’s annual budget documents. 

Historically, the Board has not used 

Federal Register notices in connection 

with annual adjustments to the asset 

tiers and rates of the Operating Fee 

Schedule. Instead, the Board has opted 

to adopt such changes at its open 

meetings. As recently as 2012, for 

example, the Board increased the asset 

threshold used to exempt FCUs from 

operating fees from $500,000 to $1 

million at an open meeting, without 

requesting advance comment in the 

Federal Register.18 While the Board has 

varied its practice with respect to 

Operating Fee Schedule changes, it has 

done so within the FCU Act’s broad 

directive that the Operating Fee 

Schedule should be as ‘‘determined by 

the Board to be appropriate,’’ subject to 

its consideration of its expenses and the 

ability of FCUs to pay.19 In addition, the 

NCUA’s regulation on operating fee 

processes includes a standing invitation 

for written comments from FCUs on 

existing Operating Fee Schedules.20


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 88977 

Each year the Board also invites 

comments on the draft NCUA budget, 

which includes a detailed explanation 

of how the operating fee is calculated 

and how changes to the operating fee 

rates are determined based on 

application of the published 

methodology. 

II. Summary of the Proposed Changes 

to the Operating Fee Schedule 

Methodology and Public Comments 

At its June 2023 meeting, the NCUA 

Board approved the issuance of a notice 

and request for comment about 

adjustments to the methodology the 

NCUA uses to determine how it 

apportions operating fees charged to 

FCUs. The proposal provided for a 60- 

day comment period, which ended on 

September 5, 2023. The NCUA received 

five comment letters in response to the 

notice and request for comments. In 

general, all letters received from 

commenters expressed broad support 

for the Board’s proposals. A few of the 

commenters, however, did raise 

concerns for the NCUA’s consideration, 

which are discussed in more detail in 

the following portion of the preamble. 

Issue: The Board proposed to raise the 

asset exemption threshold level below 

which FCUs are not charged an 

operating fee. Currently, FCUs reporting 

average assets of $1 million or less 

during the preceding four calendar 

quarters are exempt from paying an 

operating fee because the Board 

determined that such credit unions do 

not have the ability to pay the fee. The 

$1 million average asset exemption level 

has been in place since 2012 and has 

not been adjusted since that time. In the 

intervening 11 years, average assets 

across FCUs have approximately 

doubled. To account for this growth in 

the size of the credit union system, the 

Board proposed to raise the asset 

exemption level for FCUs to $2 million. 

Comments Received: None of the 

commenters objected to this change. 

One of the five commenters supported 

the increase, and one other commenter 

did not take a specific position about 

the exemption level but noted that any 

change to the exemption should not be 

offset by changes in the amounts 

transferred from the Share Insurance 

Fund through the OTR. The three 

remaining commenters supported 

increasing the exemption threshold and 

urged the Board to consider raising it 

further to $5 million. In addition, two of 

the remaining three commenters 

recommended the Board reduce the 

NCUA budget by the amount of any 

revenue that would not be collected 

from FCUs newly exempt from paying 

the operating fee. 

NCUA Response: In response to the 

one comment about any increase to the 

exemption threshold level not being 

offset by an adjustment to the OTR, the 

OTR methodology would not change in 

response to adjusting the exemption 

threshold. Because the Operating Fee 

Schedule methodology allocates the 

non-OTR portion of the NCUA budget to 

all FCUs subject to it, changes to the 

Operating Fee Schedule methodology 

do not lower total operating fee 

collections. 

With respect to the three comments 

that urged the Board to raise the 

exemption threshold to $5,000,000, the 

Board determined not to make that 

change. Such a change is beyond the 

scope of the proposal. The NCUA, 

however, does plan to evaluate the 

feasibility and impact of such alternate 

exemption levels in its next cyclical 

review of the Operating Fee Schedule 

methodology. 

In response to the two comments 

suggesting that the NCUA Board reduce 

the agency budget by the amount of the 

operating fee not collected from FCUs 

newly exempt from paying the operating 

fee, the agency does not plan to change 

its budget formulation processes. The 

NCUA determines the resources it 

requires to carry out its responsibilities 

for a given year and then, as explained 

earlier in this notice, computes how 

those costs should be distributed based 

on the Board-approved OTR and 

Operating Fee Schedule methodologies. 

Changing the operating fee exemption 

threshold reallocates the share of the 

budget paid by FCUs between those 

required to pay it and has no direct 

impact on the resources the NCUA 

Board determines are necessary for the 

NCUA to fulfill its statutory 

responsibilities. 

Issue: To maintain consistency with 

the growth of FCU assets throughout the 

credit union system, the Board proposed 

adjusting the exemption threshold 

annually in future years by the 

computed rate of FCU asset growth. 

This inflationary adjustment would be 

included in the operating fee calculation 

presented in the annual draft NCUA 

budget published by the Chief Financial 

Officer pursuant to 12 U.S.C. 1789(b). 

The NCUA would adjust the exemption 

threshold by the percentage by which 

average quarterly assets reported for 

FCUs for the most-current four quarters 

have increased compared to the 

previous four quarters, using the Call 

Report data available at the time the 

NCUA budget is published. For 

example, when the Board approved the 

2023–2024 operating budget in 

December 2022, the average FCU assets 

for the four most-current quarters (i.e., 

the third and fourth quarters of 2021 

and the first two quarters of 2022) were 

8.5 percent higher than the previous 

four quarters (i.e., the third and fourth 

quarters of 2020 and the first two 

quarters of 2021). This increase in assets 

can be expressed as an inflation 

multiplier (1.085 in the example given) 

and applied to the exemption threshold 

to determine the adjusted level. 

Comments Received: None of the 

commenters objected to this change. 

Three of the five commenters 

specifically expressed support for this 

change while two of the five did not 

comment on the issue. One commenter 

questioned whether the exemption 

threshold would decrease if the annual 

asset levels in the credit union system 

fell. 

NCUA Response: In response to the 

question about the average asset 

exemption threshold decreasing if 

annual asset levels in the credit union 

system fell, the Board will take this 

comment under advisement and may, in 

the future, consider whether it is 

necessary to amend the methodology to 

address this contingency. 

Issue: The Board has not substantially 

modified the current three-tier 

Operating Fee Schedule since 1993. The 

current Operating Fee Schedule is 

regressive; that is, credit unions with a 

larger amount of total assets pay a lower 

marginal rate on those assets above the 

threshold levels for the lower tiers. 

Given growth and consolidation in the 

credit union system, the Board 

requested views from the public about 

whether such an approach is an 

equitable method for allocating the 

operating fee. 

Comments Received: None of the 

commenters offered any specific 

recommendations or views regarding 

proposed adjustments to the operating 

fee tiers. Three of the five commenters 

requested that the NCUA provide 

additional information about any 

proposed fee tier adjustments before 

they would comment on any proposals. 

NCUA Response: The Board will 

review the current fee structure as part 

of its next cyclical review of the 

Operating Fee Schedule methodology. 

No changes to the current fee structure 

will be made as part of this final notice. 

III. Summary of the Revised Operating 

Fee Schedule Methodology 

For the reasons discussed, the Board 

will revise the Operating Fee Schedule 

methodology by raising the threshold at 

and below which FCUs do not pay an 

operating fee to $2 million and will 

adjust this threshold annually by the 

aggregate rate of asset growth at FCUs. 


khammond on DSKJM1Z7X2PROD with NOTICES
88978 Federal Register / Vol. 88, No. 246 / Tuesday, December 26, 2023 / Notices 

By the National Credit Union 

Administration Board. 

Melane Conyers-Ausbrooks, 

Secretary of the Board. 

[FR Doc. 2023–28303 Filed 12–22–23; 8:45 am] 

BILLING CODE 7535–01–P 

NATIONAL CREDIT UNION 

ADMINISTRATION 

Revisions of Agency Information 

Collection of a Previously Approved 

Collection; Request for Comments 

AGENCY: National Credit Union 

Administration (NCUA). 

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 January 25, 2024 

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 Mahala Vixamar 

at (703) 718–1155, emailing 

PRAComments@ncua.gov, or viewing 

the entire information collection request 

at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

OMB Number: 3133–NEW. 

Title: Supervisory Stress Test Annual 

Data Collection, 12 CFR part 702, 

subpart C. 

Type of Review: New Collection. 

Abstract: The NCUA Board (Board) 

has determined, to protect the National 

Credit Union Share Insurance Fund 

(NCUSIF) and the credit union system, 

that the largest Federally Insured Credit 

Unions (FICUs) should have systems 

and processes in place to monitor and 

maintain their capital adequacy. 

Subpart C of part 702 of NCUA’s 

regulations codifies capital planning 

and stress testing requirements for 

federally insured credit unions with $10 

billion or more in assets (covered credit 

unions). Covered credit unions are 

further delineated by asset tiers. Tier I 

are credit union with $10 billion or 

more in total assets, but less than $15 

billion in total assets; tier II are credit 

union with $15 billion or more in total 

assets, but less than $20 billion in total 

assets; and tier III are credit union with 

$20 billion or more in total assets. Tier 

II and III credit unions are required to 

conduct supervisory stress tests and 

section 702.306 (b) codifies that NCUA 

reserves the right to conduct stress tests 

of covered credit unions at any time and 

where both NCUA and a covered credit 

union have conducted the tests, the 

results of NCUA’s tests will determine 

whether the covered credit union has 

met the requirements of this subpart. To 

facilitate NCUA’s ability to conduct 

supervisory stress test on covered credit 

unions, section 702.306(d) requires that 

covered credit unions must provide 

NCUA with any relevant qualitative or 

quantitative information requested by 

NCUA pertinent to capital plans or 

stress test under this part. 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated Number of Respondents: 

12. 

Estimated Number of Responses per 

Respondent: 1. 

Estimated Total Annual Responses: 

12. 

Estimated Hours per Response: 20. 

Estimated Total Annual Burden 

Hours: 240. 

OMB Number: 3133–0061. 

Title: Central Liquidity Facility, 12 

CFR part 725. 

Type of Review: Extension of a 

previously approved collection. 

Abstract: Part 725 contains the 

regulations implementing the National 

Credit Union Central Liquidity Facility 

Act, subchapter III of the Federal Credit 

Union Act. The NCUA Central Liquidity 

Facility is a mixed-ownership 

Government corporation within NCUA. 

It is managed by the NCUA Board and 

is owned by its member credit unions. 

The purpose of the Facility is to 

improve the general financial stability of 

credit unions by meeting their liquidity 

needs and thereby encourage savings, 

support consumer and mortgage lending 

and provide basic financial resources to 

all segments of the economy. The 

Central Liquidity Facility achieves this 

purpose through operation of a Central 

Liquidity Fund (CLF). The collection of 

information under this part is necessary 

for the CLF to determine credit 

worthiness, as required by 12 U.S.C. 

1795e(2). 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated Number of Respondents: 

269. 

Estimated Number of Responses per 

Respondent: 4.260. 

Estimated Total Annual Responses: 

1,146. 

Estimated Hours per Response: 0.603. 

Estimated Total Annual Burden 

Hours: 691. 

OMB Number: 3133–0067. 

Title: Corporate Credit Union Monthly 

Call Report and Annual Report of 

Officers. 

Type of Review: Revision of a 

currently approved collection. 

Abstract: Section 202(a)(1) of the 

Federal Credit Union Act (Act) requires 

federally insured credit unions to make 

reports of condition to the NCUA Board 

upon dates selected by it. Corporate 

credit unions report this information 

monthly on NCUA Form 5310, also 

known as the Corporate Credit Union 

Call Report. The financial and statistical 

information is essential to NCUA in 

carrying out its responsibility for 

supervising corporate credit unions. The 

Federal Credit Union Act, 12 U.S.C. 

1762, specifically requires Federal 

credit unions to report the identity of 

credit union officials. Section 741.6(a) 

requires federally-insured credit unions 

to submit a Report of Officials annually 

to NCUA containing the annual 

certification of compliance with security 

requirements. The branch information is 

requested under the authority of § 741.6 

of the NCUA Rules and Regulations. 

NCUA utilizes the information to 

monitor financial conditions in 

corporate credit unions, and to allocate 

supervision and examination resources. 

Affected Public: Private Sector: Notfor-profit institutions. 

Estimated Number of Respondents: 

11. 

Estimated Number of Responses per 

Respondent: 13. 

Estimated Total Annual Responses: 

143. 

Estimated Hours per Response: 3.77. 

Estimated Total Annual Burden 

Hours: 539. 

Reason for Change: The 5310 

Corporate Call Report, Profile, and 

Corporate Financial Performance 

Reports (CFPR) for calendar year 2024 

have several changes that entail removal 

of references to Current Expected Credit 

Loss (CECL) early adoption language; 

removal of the Available for Sale Book 

Value references; additional 

supplemental information for charitable 

donation accounts, subordinated debt 

purchased from member credit unions, 

and additional information about CUSO 

investments; additional liquidity, 

weighted average life (WAL), and WAL 

with 50 percent prepayment 

information reporting, and Federal 

Reserve Bank Excess Balance Account 

reporting; clarification of Information 


khammond on DSKJM1Z7X2PROD with NOTICES