NCUA Details Changes to 5300 Call Report

The National Credit Union Administration (NCUA) will make several significant reporting changes to the 5300 Call Report that will help implement the final troubled-debt restructuring (TDR) rule and loan-workout guidance that eased the reporting requirements for modified and TDR loans.

The details provided in Letter to Credit Unions 12-CU-12 cover the additions and revisions scheduled for the next three call report cycles starting with the Dec. 31, 2012 Call Report.

Starting with the Dec. 31, 2012 Call Report, credit unions will no longer be required to report modified loan information on the 5300 Call Report. Credit unions will only need to report information on TDR loans.

Several more changes will take effect with the March 2013 Call Report cycle. New and used vehicle loans will be separated from other loans, and fields are being added for member and non-member business-loan delinquencies. The new fields will include:

  • Member business loans (MBL) secured by real estate;
  • MBLs not secured by real estate;
  • Non-member business loans secured by real estate; and
  • Non-member business loans not secured by real estate.

In addition, new fields are being added to capture information on loans held for sale.

Effective with the June 2013 Call Report Cycle, the NCUA will revise the delinquent loan schedules on pages 7 and 8. The NCUA is changing the delinquency categories from “months” to “days,” which aligns the 5300 Call Reports with the standards of other federal regulators and eliminates confusion arising from differences in the number of days per month.

 

Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.

Posted in Compliance, Compliance News, NCUA.