Transcription of Frequently Asked Questions (FAQ) - NCUA …
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Frequently Asked Questions (FAQ) - NCUA …
Call Report Form 5300 Frequently Asked Questions (FAQ) General Questions 1. How long must I keep copies of the 5300 Call Report? Part 749 of the NCUA rules and regulations requires credit unions to keep either a hard copy or an electronic copy in their permanent records. 2. Do I have to certify my Profile before I correct a 5300 Call Report? No. Statement of Financial Condition Assets (pages 1-2) 3. Why won't the Call Report permit me to enter a negative (credit) balance for "Cash on Hand"? [Account 730A] "Cash on Hand" means coin, currency, and cash items on hand. It is not possible to have negative cash on hand. 4. Why do the Call Report instructions direct us to report multi-coupon instruments (step- ups) based on period remaining to maturity rather than the next step-up date? This data feeds into the credit union's Risk Based Net Worth (RBNW) calculation. For PCA purposes, step-ups are risk-weighted at the period remaining to maturity. (The NCUA RR Part 702) 5.
Call Report Form 5300 Frequently Asked Questions (FAQ) 9. If a credit union repossessed collateral and has written it down to fair value (less cost to
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