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NCUA official seal NCUA official seal. (Source: NCUA)

In letters sent to the NCUA, both CUNA and NAFCU said they believe the agency’s proposed changes to credit union Call Reports and the timeline of implementing the changes are “extremely problematic” and should be pushed back from early 2022 to later in the year, or even early 2023.

While NAFCU and CUNA support the NCUA’s efforts to streamline and update the Call Report, the organizations said they believe there is not enough time for credit unions to make the proposed adjustments to the reporting process.

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Michael Ogden

Editor-in-Chief for CU Times.

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