Following conversations with CUNA last week, NCUA has extended the deadline to comment on call reports to Aug. 15. During its conversations with the agency, CUNA noted the original deadline of Aug. 1 fell shortly after the call report submission deadline, which would provide a timing conflict as the credit union focuses on submitting the report.
“Credit union professionals who are best positioned to provide valuable input on the call report process would be otherwise very busy and impaired in their ability to focus on meaningful input,” said Elizabeth Eurgubian, CUNA’s deputy chief advocacy officer. “We’re grateful to the NCUA for its decision, which should greatly improve the quality of responses.”
Eurgubian previously called the agency’s decision to open up the call report process to public comment a good first step toward the agency modernizing its examination and supervision process. She urged credit unions to submit their comments on the NCUA’s data collection.
The NCUA’s request for information requests specific input in the following areas: