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Credit union electronic filing will:  Reduce the expenses of printing and mailing paper forms;  Reduce NCUA operating costs;  Reduce staff processing.

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Presentation on theme: "Credit union electronic filing will:  Reduce the expenses of printing and mailing paper forms;  Reduce NCUA operating costs;  Reduce staff processing."— Presentation transcript:

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2 Credit union electronic filing will:  Reduce the expenses of printing and mailing paper forms;  Reduce NCUA operating costs;  Reduce staff processing time  Promote environmentally responsible practices; and  Reduce data entry errors.

3 Credit union must electronically file:  Financial,  Statistical,  CALL reports,  Reports of officials credit union profiles, and  Other reports.

4 Call Report CycleDue Date December 31, 2013January 24, 2014 March 31, 2014April 25, 2014 June 30, 2014July 25, 2014 September 30, 2014October 24, 2014 The electronic filing due dates for 2014 are as follows:

5 The president or managing official of each federally insured credit union must certify compliance with the new requirements in its Credit Union Profile annually through NCUA’s online information management system.

6 The NCUA has provided credit unions with the following resources: General System Frequently Asked Questions (FAQs); An Instruction Guide; Online Profile FAQs; 5300 Call Report FAQs; and CU Online webcast. http://www.ncua.gov/DataApps/CUOnline/Pages/default.aspx

7 The NCUA OSCUI provides assistance through: A guidance document that walks filers through an online 5300 Call Report; One-on-one telephone support; and Urgent Needs Grant funding up to $7,500 for low-income designated credit unions without computers.

8 Thank you for joining me for this review of the NCUA Reporting Requirements Stay Tuned… Shawn Wolbert, CIA, CUCE Director CU System Relations 101 S. Washington Square, Suite 900 Lansing, MI 48933-1703 (800) 262-6285 Ext. 486 (734) 658-5427 Mobile Follow me on Twitter – Shawn Wolbert @ Go2CUGuru


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