Earlier this month, the NCUA announced upcoming 5300 Call Report changes resulting from their amended Member Business Loan (MBL) rules that were in place on January 1, 2017. The numerous changes are effective for the September 2017 reporting cycle and will provide credit unions with greater flexibility and autonomy in safely and soundly providing business and commercial loans to members. For detail on the NCUA changes go to ncua.gov.

CU*Answers, in an effort to ease the burden on credit unions, has begun work on evaluating the amended rules. Karen Sorensen, 5300 Call Report project coordinator at CU*Answers said: “We are in process of assessing how these changes will impact our credit unions and what we can do to help re-organize business/commercial loans on our core processing system for correct reporting on the 5300 Call Report.”