ALEXANDRIA, Va. — NCUA has released a letter to federally insured credit unions reminding them of changes to the 5300 Call Report, including making more of the call report filing process electronic.
"One of the changes when the new call report online system is implemented is the requirement to submit the call report electronically. All credit unions with internet access will file electronically when the system is released," the agency wrote in letter 08-CU-06. "In preparation for this change, NCUA recommends all credit unions with internet access use the eSend feature in the current software to submit the 5300. Benefits of using eSend include a direct, secure transfer of the data to NCUA, which is the most protected, efficient way to submit confidential information and prevent compromise."
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