Changes Give Credit Unions an Average of Seven Additional Days to File
ALEXANDRIA, Va. (Nov. 22, 2016) – 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 today.
Call Report due dates for 2017 will be:
|Cycle Date||Due Date|
|Dec. 31, 2016||Jan. 29, 2017|
|March 31, 2017||April 30, 2017|
|June 30, 2017||July 30, 2017|
|Sept. 30, 2017||Oct. 29, 2017|
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.
NCUA examiners continue to be an important part of the validation process. Using the last Sunday of the month following the end of the quarter ensures NCUA field staff will be able to better plan their schedules for conducting Call Report validations while providing credit unions greater flexibility in filing.
NCUA may consider other options for setting future Call Report filing deadlines, such as using a fixed date like the 30th of the month, based on our experience with the changes announced today and other possible improvements to further streamline the process.
NCUA also continues working to improve Call Report data collection. The comprehensive review of the Call Report and Credit Union Profile content, announced in May, is still under way. You can find more information online at NCUA’s Call Report Modernization webpage.