5300 Call Report Basics for Credit Unions
A 4-Day Virtual Program
With changes implemented that will have an impact on your credit union’s 5300 Call Report filing, maintaining a high standard of efficiency when filing your next quarterly report is essential. Having a firm and knowledgeable grasp of the form is one thing, but keeping up with the latest changes and insights to ensure you’re meeting regulatory expectations is another matter.
Join FMS for 5300 Call Report for Credit Unions and take full advantage of all the reporting options available to you. This four-day virtual program is a must for credit union accounting professionals – both veterans and first-time filers. The agenda will cover:
Ensure you’re armed with the tools to prepare for your next filing and register to attend 5300 Call Report for Credit Unions today!
- An overview of new regulatory reporting requirements and how best to implement them into your reporting
- Detailed discussion on all relevant schedule
- Insights into how you can distinguish the accounting, business, or regulatory rationale behind many of the specific filing dictates
- Tips and techniques to accurately and efficiently prepare your credit union’s regulatory report
- How to recognize and avoid common errors and reduce costly mistakes
Tuesday, March 16, 2021 | 1 - 4 PM ET
Wednesday, March 17, 2021 | 1 - 4 PM ET
Thursday, March 18, 2021 | 1 - 4 PM ET
Friday, March 19, 2021 | 1 - 4 PM ET
Overview of the National Credit Union Administration (NCUA) and the National Credit Unions Share Insurance Fund (NCUSIF)
Overview of the NCUA 5300 Call Report
- Why is it important?
- What is it used for? (Importance of YTD figures)
- What is the NCUA looking for?
- Sections and Schedules of the NCUA 5300 Call Report
- Using the Instructions
- Errors and Historical Warnings
“Prepping” for the Call Report
- Collecting the information
- Segregation of Duties
- Using the Workbook and the Working Copy
- Building Spreadsheets
- Keeping Backup
Completing the Call Report
- Statement of Financial Condition as of Quarter End
- Income and Expenses
- Miscellaneous Information
- Delinquent Loans
- Expanded Delinquency
- Loan Charge Offs and Recoveries
- Expanded Loan Loss Section
- Liquidity, Commitments and Sources
Schedules A through E
- Schedule A, “Specialized Lending” (All six Sections will be covered)
- Real Estate Expanded Section
- Risk Based Net Worth Box
- Member and Non-member Commercial/Business Loans
- Troubled Debt Restructured Loans (TDRs)
- Schedule B (Expanded), “Investments and Supplemental Information”
- Schedule C, “Credit Union Service Organizations (CUSO) Information”
- Schedule D, Derivative Transactions
- Schedule E, BSA/Anti-Money Laundering Information
Prompt Corrective Action (PCA) Risk-based Net Worth Calculation Worksheet
*Schedule is subject to change
- What is PCA?
- What is Risk-based Net Worth (RBNW) and what is it used for?
- How is RBNW calculated?
- Planning for the Future
Prior to working for the $1.6 billion Texans Credit Union as the President/Chief Executive Officer, Kevin was the Executive Vice President and Chief Financial Officer for the $875 million Georgia Federal Credit Union in Atlanta, Georgia. He joined the credit union movement in 1993 and has over 30 years of experience in all major areas of commercial banks, savings banks, and credit unions.
Kevin holds an MBA in Finance, an LL.M, and several other degrees from the American Institute of Banking. Additionally, Kevin is a former instructor and executive committee member for the American Institute of Banking. He is experienced in teaching accounting personnel, CFOs, Senior Management, CEOs, and Credit Union Boards.
Registration to the live session includes:
- One online connection
- CPE credit for registrant
- Permission to reproduce the handouts and other written material for additional attendees at your location
Only registered attendees of the live session can obtain CPE credit
|| Earn up to 14.4 hours of CPE credit.
- Level: Basic to Intermediate
- Prerequisites: None
- Advance preparation: None
- Field of Study: Accounting
- Instructional Method: Group-Internet Based
For more information regarding administrative policies such as concerns or refunds, call 312-578-1300. FMS is registered with the National Association of State Boards of Accountancy as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses. Complaints regarding sponsors may be addressed to: The National Registry of CPE Sponsors, 150 Fourth Avenue, North, Suite 700, Nashville, TN 37219-2417 Web: www.nasba.org.
Refunds and Cancellations
Cancellations will be issued after completed request form is returned to FMS via firstname.lastname@example.org. Refunds minus a $250 processing fee will be issued and may take 30 days to process. Should you be unable to attend and want to transfer registration to a co-worker, additional costs could apply. FMS reserves the right to change instructors or reschedule/cancel session when necessary.
Click Here for a a complete list of FMS payment and registration policies.
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FMS Members: $525
Staff/Co-Worker of Member: $725
Download a Registration Form