Changes coming to the Call Report

by Brandy Bruyere, NAFCU Compliance Blog

On September 27, 2021, NCUA published a notice in the Federal Register regarding the Call Report. The notice is only about a page long, and is seeking comments on changes that include:

  • Restructuring to streamline the report;
  • Retire obsolete account codes; and
  • Accommodate the Risk-Based Capital (RBC) ratio calculation schedule, including adding schedules for off-balance sheet exposures and the RBC ratio calculation.

NCUA is seeking comments on several things, such as whether these changes are necessary, if the information “will have practical utility,” and “ways to minimize the burden” of the collection. There are scant details though about the details of the changes that would help credit unions analyze and provide feedback. So, what is this all about?

 

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