What is a Call Report Form 5300?
5300 Call Reports are a quarterly listing of summarized accounts collected from all Federally Insured credit unions. The NCUA is the Federal deposit insurer for credit unions. Call Reports are filed about 30 days after the end of each quarter.
What are credit union call reports?
Quarterly Data Summary Provides quarterly listings of summarized accounts collected from all federally insured credit unions.
How much is insured by NCUA?
The National Credit Union Share Insurance Fund was created by Congress in 1970 to insure members’ deposits in federally insured credit unions. Each credit union member has at least $250,000 in total coverage. Administered by the NCUA, the Share Insurance Fund insures individual accounts up to $250,000.
How are the FDIC and NCUA similar?
The FDIC insures money in a bank. The NCUA insures money in a credit union the same way the FDIC does, and even in the same amounts. The FDIC and NCUA insure money in all kinds of deposit accounts.
Why is it called call report?
Nowadays, these reports of balance sheet and income statement information are filed quarterly; but originally, the Office of the Comptroller of the Currency (supervisor of national banks) would issue a “call” for the reports on specific, but irregular, dates, leading to the colloquial term Call Reports.
What does the call report look like?
The call report contains items such as the bank’s income statement, balance sheet, loan information, deposit information, investment information, changes in the bank’s capital, asset sale information and several other sections discussing aspects of the bank’s viability.
What does NCUA not cover?
Currently, both the FDIC and the NCUA insure deposits of up to $250,000. But that doesn’t mean you can’t protect more than that with government insurance….Qualified & Nonqualified Accounts.
| Non-Qualifying Accounts | |
|---|---|
| Stocks | Bonds |
| Mutual Funds | Money Market Funds |
| Treasury Bills | Safe Deposit Boxes |
Who owns NCUA?
The NCUA is an independent federal agency created by the United States Congress to regulate, charter, and supervise federal credit unions.
How do you make a call report?
How to Write a Call Report
- Note Who You Were Speaking To. Start by documenting who you were speaking with.
- Record the Presence of Others. Include in the report whether you spoke with anyone else during the call or visit.
- Write the Purpose of the Call.
- List the Outcome.
- Include Other Relevant Information.