Anonymous Comment
Anonymous AnonymousSupportIndividual
Summary: A credit union employee argues that the current Call Report is overly complex and redundant, particularly regarding loan classifications and thresholds. They advocate for streamlining the data collection process to reduce the administrative burden on staff while maintaining the ability to assess the institution's stability.
The Call Report is far too complicated. It should be data that's needed to validate a Credit Union's stability to service it's members and continue as a viable financial institution to the communities that it serves. There are requests on the call report for information on Participation Loans and Indirect Loans that's both redundant and complex to understand in the instructions. It's the same way with business loans. What we as a credit union consider a business loan should be what we put on the call report and not some difficult way to determine if it's a commercial loan or business loan (or both) with a $50,000 threshold; and then you have to look if they have a second loan that takes the aggregate over $50,000 and then only that loan is counted. Also, I believe the complex credit union threshold should be increased as a $500 million dollar asset credit union shouldn't be compared to other credit unions that are in the billions. Please take into consideration the time that it takes to complete the call report process. We have many other job tasks that we are responsible for completing each day. To make the call report so complex isn't necessary to determine a credit union's stability. We have exams also that should assist in the determination of how a credit union is performing. Your consideration will be greatly appreciated.