Call Report Modifications

05-CU-02 / February 2005
Call Report Modifications
Federally Insured Credit Unions
Call Report
Federally Insured Credit Unions
Call Report Modifications

Dear Manager and Board of Directors:

The enclosed schedule details changes to the Call Report, Forms 5300 and 5300SF for the 2005 reporting year. These changes are posted on the NCUA website. We will continue to post any future changes as soon as they are available.

As part of the Accountability In Management (AIM) initiative for greater efficiency and in a continuing effort to make wise use of agency resources, NCUA initiated a call report modernization project in 2004. A comprehensive review of NCUA’s 5300 data collection and analysis processes revealed significant opportunities to increase efficiency and effectiveness by implementing innovative technological improvements.

These improvements will reduce costs, increase data integrity, expedite information dissemination, and significantly increase NCUA’s risk analysis capabilities. By leveraging technology, NCUA will also be providing the credit union community with a more efficient means to report data and new tools to access and work with this data.

NCUA plans to conduct pilot testing of the new process later this year. The feedback from pilot credit union participants will help shape the new process and guide NCUA in meeting the needs of insured credit unions. NCUA will share the details of the process improvements in a subsequent letter once the pilot testing is complete. We expect to implement the process improvements in late 2005.

In order to take advantage of improved efficiency, starting with the September 2005 Call Report cycle, NCUA will no longer issue Call Report programs that run on the Windows 95 operating system.

One of the following Microsoft operating systems will be required:

  • Windows 98
  • Windows NT
  • Windows Millennium Edition (ME)
  • Windows 2000
  • Windows XP



JoAnn Johnson



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