NCUA changes Call Report deadlines giving CUs more time

Beginning with the Dec. 31, 2016, reporting cycle, federally insured, natural-person credit unions will have until the final Sunday of the month following the end of the quarter to file Call Reports, the National Credit Union Administration announced last week. Credit unions will now have, on average, an additional seven days to file Call Reports. Additional details about the Call Report filing due dates and processing for 2017 will be posted on the Credit Union Online webpage.

Call Report due dates for 2017 will be: Dec. 31, 2016, cycle due Jan. 29, 2017; March 31, 2017, cycle due April 30, 2017; June 30, 2017, cycle due July 30, 2017; and Sept. 30, 2017, cycle due Oct. 29, 2017.

NCUA may consider other options for setting future Call Report filing deadlines, such as using a fixed date like the 30th of the month. Call Report data collection also is being examined. The comprehensive review of the Call Report and Credit Union Profile content, announced in May, is still under way. Read more at NCUA’s Call Report Modernization webpage.