The Call Report contains financial and operational information about a credit union, including the institution’s balance sheet, income statement, and various supporting schedules. All federally insured credit unions must file a Call Report with the NCUA on a quarterly basis through CUOnline.
During regular examinations, examiners verify the accuracy of the Call Report. Additionally, as part of each Call Report cycle, examiners review the warnings comments and historical warnings and contact credit unions when warranted. Reviewing these warnings ensures greater accuracy of data and allows examiners to more quickly identify potential emerging problems.
The NCUA’s risk-focused supervision program places heavy reliance on the accuracy of Call Report data. Inaccuracies may result in misleading financial results, delayed risk recognition, and flawed conclusions. If examiners identify errors in the Call Report at any time, they should stress to the credit union the importance of reporting accurate information.
Off-site reviews of quarterly Call Reports alone will not provide an examiner adequate detail to identify areas of concern or emerging trends. Examiners should also use other tools, such as the FPR, RADAR, RATE (ONES), and the Fraud Indicator Score, to identify any unusual financial fluctuations or adverse trends.
Refer to Call Report and Profile for specific guidance on reviewing Call Reports.
Last updated August 26, 2020
