NCUA Streamlines Call Reporting on CUSO Registry Information beginning with September 30 Reporting Cycle
To eliminate redundancy, increase data integrity and reduce reporting burdens, the National Credit Union Association (NCUA) recently announced that credit unions will be required to submit less information regarding credit union service organizations (CUSOs) on their call reports beginning with the September 30 reporting cycle. Credit unions will only be required to submit aggregate CUSO loan and investment information on call reports. All other information is being collected from the CUSO Registry. The changes came on the fifth anniversary of NCUA’s Regulatory Modernization Initiative.