Credit union call reports are overly burdensome, confusing and collect questionable material, credit union trade groups told the NCUA Friday.
And agency staff often cannot answer questions about the reports, CUNA and NAFCU said in response to the agency's request for information about how to improve the call report process.
In June, the NCUA asked for credit unions to evaluate the process. The month before, NCUA Chairman Rick Metsger announced that the agency would be working on a call report modernization project.
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