Credit unions will now have three extra calendar days to file their Call Reports for the second and third quarters of this year.
"Moving the Call Report filing deadline back is a first step in NCUA's overall effort to improve data collection," NCUA Board Chairman Rick Metsger said. "In 2014, we moved to a new filing deadline that is generally the fourth Friday of the month following the end of each quarter. That gave credit unions an average of six additional days to file. We're giving credit unions a little more leeway for the next two quarters as we complete our study on a future deadline closer to the commercial bank deadline that preserves the key role NCUA's examiners fill in the validation process."
Second-quarter Call Reports will now be due by 11:59:59 p.m. Eastern time on Monday, July 25, instead of Friday, July 22. Third-quarter Call Reports will now be due by 11:59:59 p.m. Eastern time on Monday, Oct. 24, instead of Friday, Oct. 21.