🏦NCUA Proposes Extension of Call Report for Credit Unions
Proposed Agency Information Collection Activities; Comment Request
Summary
The NCUA has approved the publication of a proposal to extend for three years the NCUA Call Report (Form 5300), which is a currently approved information collection, for public comment. Revised instructions are included to improve clarity and accurate reporting. The NCUA is submitting the following extension of the currently approved information collection and revised instructions to the OMB for review and clearance. The revised instructions are proposed to take effect with the September 30, 2025 report date.
Agencies
- National Credit Union Administration
Business Impact
$$ - Med
The proposal to extend the NCUA Call Report (Form 5300) and revise its instructions affects federally insured credit unions, necessitating compliance with the revised reporting guidelines. Credit unions must prepare for potential shifts in their reporting processes, impacting their operational protocols and possibly their financial reporting accuracy.