With the upcoming filing of 9/30 5300 call reports by federally insured credit unions, the National Credit Union Administration has released guidance for using the Credit Union Online (CU Online) process to submit call report and profile information. It also offers tips to assist credit union officials in meeting the filing deadline.
NCUA is now requiring only the reporting of aggregate CUSO loan, investment, and cash outlay totals for CUSOs on page 19 of the 5300 Call Report. It has eliminated the requirement for reporting all CUSO information.
All federally insured credit unions must update their profiles and file 5300 Call Reports using CU Online by 10/24.
Read details released by NCUA online.
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