Archive

Go to:

August 2017
SMTWTFS
12345
6789101112
13141516171819
20212223242526
2728293031
< Jul Sep >
Leaguer Email Subscription

You are not currently subscribed. Click Subscribe below to receive the Leaguer email.

CUNA: Opening Comments on Call Reports ‘Good First Step’ by NCUA
Thursday, June 9, 2016 6:40 AM

As mentioned by NCUA Chair Rick Metsger at the agency’s last meeting, a request for information on modernizing data collection has been published in the Federal Register. Comments are due Aug. 1.

“Opening up comments on modernizing call reports is a good first step toward the agency’s stated goal of modernizing its examination and supervision process,” said Elizabeth Eurgubian, CUNA’s deputy chief advocacy officer. “We urge credit unions to submit their comments on data collection, as CUNA will be, and we look forward to working with the NCUA throughout the process.”

Specifically, the NCUA is seeking input in the following areas:

  • What specific areas of the call report and credit union profile do users find challenging;
  • What sections or items could be made optional for small or non-complex credit unions without compromising the agency’s ability to assess risk in these institutions;
  • What items could be added to the reports to enhance the agency’s analysis of the system’s performance trends;
  • What areas of regulatory reporting align with a credit union’s internal accounting and what areas do not;
  • How the call report and credit union profile could be reorganized to reduce credit unions’ reporting burden; and
  • What additional suggestions or ideas do credit unions have for collecting financial and non-financial information.

Metsger announced last month that the NCUA will undertake a number of projects designed to modernize the way credit unions interact with the NCUA. This includes looks at the examination and supervision program as upgrades and enhancements to the call report system and other portals through the agency’s Enterprise Modernization Program.

CUNA Chief Advocacy Ryan Donovan said credit input from credit union leaders is essential to these efforts, and urged stakeholders to continue weighing in throughout the process.