NCUA requests feedback on streamlining data collection

NCUA’s request for information issued Thursday seeks input from credit unions on data collected through the 5300 Call Report, 5310 Corporate Call Report, and Form 4501A Profile. The request covers opportunities to enhance and streamline NCUA’s data collections.

The reports provide NCUA with details on credit unions' financial condition, updates on management changes and roles, payment systems, designation status, and other essential data. Stakeholders are encouraged to share feedback on potential methods to improve and refine the reporting process.

America’s Credit Unions will issue a Regulatory Comment alert on the proposal as it gathers feedback from members to inform its own comments. 

Comments are due to the NCUA by June 23.