Comment from N.E.W. Credit Union
AnonymousSupportIndividual
Summary: A credit union representative is requesting the addition of a specific feature to the Call Report. They argue that an automated alert for Equity & Reserves imbalances would help identify and correct reporting errors more efficiently than current retrospective examination methods.
Would it be possible to incorporate a feature into the Call Report that alerts us if our Equity & Reserves are not in balance? We have encountered discrepancies during our last few state examinations and identifying the root cause 15–18 months after the fact has been extremely challenging. Having a notification or validation within the reporting quarter would allow us to address any issues promptly and significantly improve accuracy and efficiency.