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Credit union call reports are not sufficiently detailed, the American Bankers Association said, countering credit union arguments that they are too complex.

“Every federally insured banking institution is required to file a call report—different than that required by the credit union industry—containing reams of financial and non-financial information, making the banking industry an extremely transparent business, “ Brittany Kleinpaste,  ABA’s director of economic and policy research, said in a letter to the NCUA earlier this month.

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David Baumann

 

Credit Union Times

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