September 2022
National Credit Union Administration
Justification for No Material or Non-substantive Change
OMB Control No.: 3133-0004
NCUA Call Report, NCUA Form 5300
The Call Report is being restructured to clarify reporting for borrowing arrangements and add auto-calculating column to report the Current Expected Credit Loss (CECL) Transition Adjustment Amount.
NCUA is streamlining the types of information collected related to “borrowing arrangements” on page 18 of the Call Report (attached). Outstanding Term & Other Borrowings will no longer be collected and in its place credit unions will now report Total Borrowing Capacity, Draws Against Borrowing Capacity, and Assets Pledged to Secure Borrowing Capacity. NCUA will also combine the maturity distribution reporting for Lines of Credit and Promissory and Other Notes into Draws Against Borrowing Capacity into single column reporting.
NCUA is adding auto-calculating cell for the CECL Transition Adjustment Amount included in Net Worth on page 22. This amount is based on the CECL Transitional Amount (as determined under 702.703(b)) and will be calculated for the credit union in CUOnline.
These changes will not alter the hours necessary to complete the Call Report.
| File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
| File Title | INSTRUCTIONS FOR COMPLETING A PAPERWORK |
| File Modified | 0000-00-00 |
| File Created | 2023-07-29 |