Interest Rate of Unsecured Credit Card Loans

Acct Code

Description

Tip for pulling data stored in CU*BASE

521

The loan interest rate being offered for the reporting period. If more than one rate applies, report the most common rate.

If all or a portion of credit card loans are not maintained in CU*BASE, you must obtain the interest rate from the outside vendor.

You can obtain the current loan rate from the Rate Inquiry feature on CU*BASE.

One method is to review the average rates from Tool #595 Portfolio Analysis - Loans.

Another method for reviewing loan interest rates is to run Tool #466 Loan Interest Analysis Report.

The NCUA provides detailed descriptions on the Call Report Account Codes in their comprehensive Call Report Instructions available with the current Call Report on the http://www.ncua.gov website.

For more information about the 5300 Call Report Software, open the book.