The Call Report tool used by many CU*Answers client credit unions has been updated with the NCUA changes for the September 2017 reporting cycle. The changes are due to the NCUA’s amended rules for defining member business loans versus commercial loans, which impacts reporting for both real estate and commercial loans. For details on the NCUA changes go to ncua.gov.

Karen Sorensen, 5300 Call Report project coordinator states, “lending and compliance experts at each credit union should review current business, commercial and real estate loan offerings to determine if the loans should be categorized differently on our core processing system for correct reporting on the 5300 Call Report.”