NCUA Revises Call Report Beginning with March 2022 Reporting Cycle

Following the NCUA Board’s approval of a final rule that simplifies the risk-based capital requirements for eligible, complex credit unions, and as part of its Call Report Modernization Initiative, the NCUA has modified the Call Report, Form 5300, beginning with the March 2022 reporting cycle.

The March 2022 Call Report, Form 5300, was submitted to the Office of Management and Budget on Dec. 7, 2021, for review and clearance in accordance with the Paperwork Reduction Act. Written comments and recommendations for the proposed Call Report, Form 5300, are due on or before Jan. 6, 2022.

The documents can be viewed on the NCUA's Call Report Modernization webpage.

Additionally, the NCUA posted a draft of the Call Report, Form 5300, demonstrating the proposed changes resulting from the final rule for the Complex Credit Union Leverage Ratio (CCULR) approved on Dec. 16, 2021. The changes related to CCULR will be submitted to the Office of Management and Budget after Jan. 6, 2022.

Launched in 2016, the NCUA Call Report Modernization Initiative examined how changes to the agency’s data collection practices could enhance the value of the data NCUA collects from credit unions for offsite monitoring and pre-examination planning as well as reduce the reporting burden for credit unions where appropriate. The initiative complements the NCUA’s Enterprise Solution Modernization Program, which is modernizing the systems the NCUA uses as part of its examination program.