ALEXANDRIA, Va. – NCUA announced this morning it is amending its 5300 Call Reports for December to eliminate the previous reporting for modified-loan information and replace it with Troubled Debt Restructuring information, as adopted in May.
The change will affect delinquency, charge-off and recovery and specialized-lending schedules.
Several changes will also be made to reporting for the March 2013 reporting cycle, including the addition of disclosures for member and non-member business-loan delinquency, including those secured by real estate and those not secured by real estate, and new disclosures for loans held for sale.
The March reports will also have new categories for unfunded commitments; for purchased credit impaired loans; investments (the value of investments used to fund employee benefits plans); remittance services (including ACH transactions, low-cost wire transfers and proprietary remittance transfers).
The March reports will also require reporting on grants received by a credit union.
For next June’s reporting NCUA is changing the reporting on delinquent loans from months to days, so delinquencies less than two months will be one to 59 days, and those less than 180 days will be 60 days to 179 days, etc. This change aligns NCUA’s reporting with those of other banking agencies.
The changes are detailed in Letter To Credit Unions No: 12-CU-12.