Residential Construction Excluding Commercial Purpose - YTD Recoveries

Acct Code

Description

Tip for pulling data stored in CU*BASE

551N

The dollar amount of recoveries year-to-date by collateral category. Note: This section is for informational purposes only, recoveries for these loans has already been reported in the previous Loan Loss schedule.

This account code was removed by the NCUA in March 2022.

Tool #476 Loan Write-off/Charge-off History Dashbd may help in gathering this information (manual effort may  also be needed).  Enter Written off between 0101YYYY to quarter end date.  Filter based on the CU*BASE code (Loan purpose, category or security) that correlates closest to this NCUA category.  Review the Net Change $ and Net Change % columns by  loan account.

Run Tool #650 Print GL Trial Balance (monthly) to manually reconcile the appropriate loan loss G/L account (s).