The NCUA said it is soliciting comments by Aug. 1 on possible changes to the call report process, including ways sections of the report could be made optional for small credit unions.
The request for comments appeared in today's Federal Register.
"To do our job properly, [the] NCUA needs to regularly capture credit union material-risk exposures through our call reports," NCUA Board Chairman Rick Metsger said. "At the same time, we need to identify areas where we can reduce or eliminate unnecessary reporting burdens, especially for smaller and non-complex credit unions."
Metsger announced at the board's May meeting that the agency was conducting an extensive study of possible changes to the call report process. The agency said that in addition to seeking public comment, it may conduct online surveys, convene focus groups and create an internal focus group.
Metsger has already said he wants to establish the end of the month as the call report deadline.
In its solicitation of call report comments, the NCUA asked a series of questions. The agency wants to know what sections of the call report and credit union profile are particularly challenging. In addition, the NCUA wants to know what could be added to the reports, what sections do not align with an institution's internal accounting and whether the call report should be reorganized.
Finally, the NCUA posed the following question: "What sections or items could be made optional for small or non-complex credit unions without compromising the agency's ability to assess risk in these institutions?"
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
