After credit unions received an NCUA email that cited an incorrect call report due date,Cooperative Credit Union Association President/CEO PaulGentile called for the agency to re-evaluate its call reporttimetable.

The NCUA email listed a Jan. 21 call report due date; the actualdue date is Jan. 22.

“The NCUA does not have a set call report timetable like banksdo,” Gentile said. “It's a floating system; it fluctuates. Itchanges.”

He added that depending on the report, a credit union could haveanywhere from five to eight fewer days than banks to file theirreports.

“Now that they have stepped up the enforcement with fines, whynot be a little more reasonable with the timeline?” Gentilesaid.

Changing the call report timeline would greatly benefit smallcredit unions, he said. The league president added he hadpreviously called upon the agency to look at the issue but receivedno update.

“When I saw the email go out with the incorrect date, it spurredthat issue again,” he added.

With two fewer days in the first half of January – the first andthe eighteenth were holidays – there are only 14 days to work onthe call reports.

The NCUA should add this issue to its board meeting agenda andbring it up for discussion, Gentile said.

“This isn't something that should take six months to analyze andevaluate. It would be pretty simple to look at the banks' schedule,the extended time they have, and consider why we don't have thatextended time and look at a proposal to adjust it,” he said.

NCUA Public Affairs Specialist John Fairbanks confirmed that thereminder email to credit unions had the wrong date.

“There is a corrected one coming out,” he said. “There was atechnical error that kicked out an email that said the 21st. That'sbeing fixed.”

Fairbanks did not comment on Gentile's call-to-action to addressthe call report timetable.