Call Report Requirements Survey


The following short survey is designed to measure your opinions on several aspects of quarterly regulatory reporting requirements. In this context, when we refer to “quarterly regulatory reporting requirements," we are referring to both the call report (i.e., form 5300) and the credit union profile report (form 4501A).


Please note: When typing responses to fill-in-the-blank questions, please do not hit the [Enter] key. Doing so will submit the survey before you have finished it.


1. Using the 5-point scale, where 1="Disagree strongly” and 5="Agree strongly," please indicate your agreement with the following statements:
Disagree
strongly
1


2


3


4
Agree
strongly
5
Current credit union quarterly reporting requirements are very burdensome
Quarterly reporting requirements are not a big deal – our DP vendor does most of the work
Over the past five years the time required to complete the quarterly reports has increased substantially
Our credit union spends an unreasonable amount of its financial resources to complete quarterly reports
NCUA’s proposed changes to credit union capital requirements will substantially increase the quarterly reporting burden
With changes to risk-based capital requirements, I would support a more precise listing of call report risk assets to
get more precise risk-based capital requirements
Quarterly report instructions/questions are easy to understand
Changes to the quarterly report instructions/questions are easy to identify
Updates to quarterly report instructions should occur more frequently
I often contact the regulator due to confusion over quarterly report instructions/questions
...Regulator staff is easy to contact when I need clarification on report instructions/questions
...Regulator staff provides clear and concise answers to our queries on report instructions/questions
...Regulator staff provides consistently correct answers to our queries on report instructions/questions
The fact that many 5300 items do not “add up” makes filing accurate quarterly reports difficult
NCUA’s online system for quarterly report filing is easy to use
I often contact the regulator due to confusion and/or technical issues with the online reporting system
...Regulator staff is easy to contact when I need help with the online reporting system
...Regulator staff provides clear and concise answers to our queries on the online reporting system
...Regulator staff provides consistently correct answers to our queries on the online reporting system
The quarterly reporting requirements adequately account for limited resources available to small credit unions
We have adequate time to prepare our quarterly regulatory reports
Quarter reporting requirements should be changed to better reflect credit union size and complexity
Very well capitalized credit unions ought to be able to file abbreviated quarterly reports
Very well capitalized credit unions ought to be able to file reports less frequently than quarterly

2. Please indicate the approximate total number of staff hours required for your credit union to complete the call and profile reports. (Reminder: do not hit [Enter] when done - use your cursor to advance to the next question.)

3. What single, realistic change to quarterly reporting requirements would best reduce burdens associated with quarterly report filing at your credit union? (Reminder: do not hit [Enter] when done - use your cursor to advance to the next question.)

4. What is your credit union's asset size?










5. Please provide your credit union's charter number to allow us to give demographic context to the survey's summary results. No individual survey responses will be released.


Thank you very much for responding.