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CU Compliance Connection
NCUA Report Filing
Reporting Cost SavingsCredit union electronic filing will:
Reduce the expenses of printing and mailing paper forms;
Reduce NCUA operating costs;
Reduce staff processing time
Promote environmentally responsible practices; and
Reduce data entry errors.
NCUA Electronic FilingCredit union must electronically file:
Financial,
Statistical,
CALL reports,
Reports of officials credit union profiles, and
Other reports.
NCUA Electronic Filing
Call Report Cycle Due Date
December 31, 2013 January 24, 2014
March 31, 2014 April 25, 2014
June 30, 2014 July 25, 2014
September 30, 2014 October 24, 2014
The electronic filing due dates for 2014 are as follows:
NCUA Electronic FilingThe president or managing official of each federally insured credit union must certify compliance with the new requirements in its Credit Union Profile annually through NCUA’s online information management system.
NCUA Additional ResourcesThe NCUA has provided credit unions with the following resources:
• General System Frequently Asked Questions (FAQs);
• An Instruction Guide;
• Online Profile FAQs;
• 5300 Call Report FAQs; and
• CU Online webcast.
http://www.ncua.gov/DataApps/CUOnline/Pages/default.aspx
NCUA Additional Resources
The NCUA OSCUI provides assistance through:
• A guidance document that walks filers through an online 5300 Call Report;
• One-on-one telephone support; and
• Urgent Needs Grant funding up to $7,500 for low-income designated credit unions without computers.
Thank you for joining me for this review of the NCUA Reporting Requirements
Stay Tuned…Shawn Wolbert, CIA, CUCEDirector CU System Relations
101 S. Washington Square, Suite 900Lansing, MI 48933-1703(800) 262-6285 Ext. 486(734) 658-5427 MobileFollow me on Twitter – Shawn Wolbert @ Go2CUGuru