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Reminder: Comment by Aug. 15 to Improve NCUA Call Reports
Wednesday, August 10, 2016 7:00 AM

The National Credit Union Administration has issued a request for comments on how call reports might be improved. The comment period, which seeks input on specific questions from NCUA, is open through the Aug. 15 deadline.

At its May open board meeting, NCUA announced it would conduct a comprehensive review and modernization of the Call Report and Credit Union Profile to gather stakeholder feedback. NCUA uses the Call Report and Profile to collect financial and non-financial information from federally insured credit unions (FICUs). The resulting data is integral to risk supervision at the institution and industry levels, which is central to safeguarding the integrity of the National Credit Union Share Insurance Fund (NCUSIF).

Suzanne Yashewski, Cornerstone Credit Union League's SVP regulatory compliance counsel, requests that credit unions provide feedback as soon as possible on any suggested changes. “To date, we have received some feedback that the reporting of delinquent loans may appear distorted due to the structure of the call report," Yashewski says. "The call report can trigger inquires by your examiner and other regulators, so it is important for this reporting tool to provide a clear picture.”

Cornerstone credit unions are requested to file their comments about the following stakeholder areas by Aug. 15:

  • What specific areas are challenging when using the Call Report and Credit Union Profile?
  • 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 might the Call Report and Credit Union Profile be reorganized to reduce credit unions’ reporting burden?
  • What additional suggestions or ideas do credit unions have for collecting financial and non-financial information?

Please send your feedback before Monday, Aug. 15, to Suzanne Yashewski at syashewski@cornerstoneleague.coop.