Avoid these NCUA Call Report pain points

You want to be the one to find errors, not the examiner, says Texans CU CEO Kevin Durrance.

The NCUA Call Report aims to measure and identify risks and potential red flags at your credit union. But the report and instructions for filling it out are, in some cases, “as clear as mud,” says Kevin Durrance, CEO of Texans Credit Union in Richardson, Texas.

Certain line items in the call report and related instructions cause problems for many credit union chief financial officers (CFOs), says Durrance, who addressed the 2018 CUNA CFO Council Conference Sunday in Austin, Texas.

He cites several NCUA Call Report pain points:

• Call report instructions. Read the call report instructions from front to back every year, Durrance advises. “NCUA will change things in the instructions without citing them on the change report. They don’t tell you that. Always look for changes to the instructions and forms.”

 

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