WASHINGTON--Responding to the NCUA’s request for information on NCUA data collection, America’s Credit Unions requested the NCUA reduce and streamline the process for credit unions.
In a comment letter sent to the agency Tuesday, America’s Credit Unions highlighted three main areas for improvement:
- Reduce unnecessary data collection and encourage reporting with greater automation and standardization to ease reporting burdens in the Call Report
- Simplify the Call Report by addressing unclear and duplicative components and reporting challenges
- Clarify key definitions, methodologies, and reporting expectations in the Call Report instructions