Are credit unions with assets less than $10 million required to file the standard form every cycle?
Yes, NCUA modified the standard form beginning with the June 30, 2006 reporting cycle. The modified call report is designed to ease the burden of reporting on credit unions. By consolidating information and reducing ancillary schedules, the core section of the standard form only requires 10 pages of input by all credit unions. Ancillary schedules were reduced to three and are only required if a credit union is engaged in certain activities.
