2026 Call Report Series

The National Credit Union Administration (NCUA) recently reinstated civil money penalties for late Call Report filing. Examiners are consistently reporting Call Report errors as findings, regardless of materiality. The Call Report is constantly changing and it’s important that you are up to speed, whether you are new to the call reporting process or a veteran. This program will explore recent changes 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.

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.

Call Reports contain a significant amount of information, but how is that information evaluated by examiners and auditors? The Call Report tells a story about the operations and complexity of the credit union and impacts the extent of the procedures performed. There are countless disclosures that also appear in a credit union’s financial statements and are validated as part of the audit process. This session will provide insights so that you are prepared for your next audit and examination.