Call Report Series

Preparing financial statements for the Call Report is just like preparing your own internal financial statements, right? Think again! There are subtle differences that may go unnoticed. This session will provide tips, tricks, and relevant examples to assist in preparing the quarterly Call Reports. It will address how to prepare the statement of financial condition, statement of income and expense, and Schedules B through E.

The Call Report is constantly changing and it’s important that you stay up to speed, whether you are new to the process or a veteran. Many of the recent changes relate to the adoption of new accounting standards, including the Current Expected Credit Losses (CECL). Examiners are consistently reporting Call Report errors as findings, regardless of materiality. This program will explore recent changes, CECL’s impact, and how to avoid common – yet costly – mistakes.

The Call Report includes financial and general information used by regulators, auditors, credit union management, supervisory/audit committees, staff, and others to evaluate a credit union’s financial health, stability, and performance. This session will provide an overview of the Call Report process, including internal controls and critical areas of focus.

Schedule A covers everything lending, from loans by category to commercial lending. Many consider Schedule A to be the most complex and confusing part of the entire Call Report. This webinar will decipher and clarify the instructions related to Schedule A and provide context and examples for commercial loans, loans sold, and troubled loan modifications (TLMs). Increase your Call Report acumen and confidently complete Schedule A in a timely, accurate fashion.