ALEXANDRIA, Va.-NCUA recently wrote federally insured credit unions to inform them of changes to the 5300 Call Report that will take effect for the June 30, 2006 cycle. NCUA made the changes to its 5300s so that all federally insured credit unions will file the same forms quarterly. The changes were made in an effort to consolidate the information, reduce ancillary schedules and provide consistency for credit unions under $10 million in assets. Instructions and the new form were enclosed with NCUA's Letter to Credit Unions 06-CU-03. "The reorganization of the 5300 Call Report and the elimination of the 5300SF will improve the agency's efficiency, increase the accuracy of the information collected, and simplify the reporting process for all credit unions," NCUA Chairman JoAnn Johnson wrote in the letter.
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