NCUA Webcast RE: Online 5300 Reporting Posted by AVCU on 10:13 AM

Beginning next week, NCUA shifts to a new web-based system for collecting Report of Officials and 5300 Call Report information. The software-based program credit unions have been using expires today, at 3:00 p.m. (EST). Thereafter, call report submissions will be made through NCUA’s new online system, which goes live on Sept. 1. NCUA has prepared a webcast to begin at 1:00 p.m. (EST) on Sept. 2 to assist credit unions in completing their profiles and submitting corrected 5300 Call Reports.

NCUA’s new online system has two sections – “Credit Union Profile” and “Online Call Report.” The profile collects standardized information about your credit union that is not be likely to change, such as Report of Officials information, disaster recovery information, emergency contacts, etc. Credit unions may begin entering profiles on Sept. 1 and need to be completed by Oct. 1. The “Online Call Report” is where credit unions submit Call Report information. September data may be entered beginning Oct. 1 and is required to be completed by Oct. 19.

The Sept. 2 NCUA webcast will walk you through the basic steps of entering data and help participants become more familiarized with the process. Register for the webcast here. For more information, including access to a Frequently Asked Questions resource, archived webcasts and more, visit the NCUA website.