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FRISCO, Texas – Every quarter credit unions labor over preparing their 5300 Call Report for NCUA. Credit union data processor IntegraSys, a Fiserv subsidiary, believes it has found a way to make that process more efficient. The processor has launched its 5300 Call Report Assistant, a standalone product that is aimed at helping credit unions expedite the gathering, organizing and uploading of information for their 5300 Call Reports. It is part of IntegraSys’ Wisdom Financial Management Suite. “What we were hearing from our Wisdom clients was the 5300 Call Report data was a killer. It took a lot of time, and was fraught with errors because they had to tap other resources,” said Dave Campbell, IntegraSys’ Senior Vice President overseeing Wisdom products. “Basically what we did was went through the 5300 and analyzed where data comes from. We came up with seven different data sources where credit unions gather information, where we would be able to provide input,” said Campbell. The 5300 Call Report Assistant is organized exactly like NCUA’s Call Report. It’s in a Windows environment and designed to be intuitive. The seven data sources the 5300 Call Report Assistant will automatically import and organize are the CU’s previous Call Report host shares, host loans, host general ledger, Wisdom ALM, Wisdom Investments and Excel spreadsheets. The solution includes provisions for all 584 line items in the 5300 Call Report. Of course there is certain data that can’t be pulled from systems, such as offline credit card information. That’s where the Excel spread sheets come in. “We allow the credit unions to create a spreadsheet of those data items they can configure for manual data input. They can take that spread sheet and rout it around to other departments and input it back into the 5300 Call Report Assistant,” said Campbell. IntegraSys has already piloted the product at a few credit unions and Campbell said he is hearing incredible estimations about how much time it’s saving the CUs. Kris Kauffman, president and CEO of Central Keystone FCU in Pennsylvania does his CU’s Call Report himself given it’s only a $28 million CU, though he stresses it is full-service. “I used to do my Call Report in two hours. I can probably do it now in 15 minutes, a tremendous time saver. The nice thing is it incorporates everything together,” said Kauffman. He also noted that certain static information that the 5300 requires, such as the CU’s Net banking provider and Web address, are pulled automatically from the previous Call Report. Campbell is a Wisdom user, so the product is free for his CU. IntegraSys believes this product will have appeal to CUs other than just its Wisdom CU clients. It is system independent so IntegraSys can market to non-Wisdom clients. “I would say it’s for all credit unions. The pricing is tiered to allow smaller credit unions to use it,” said Campbell. [email protected]

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