Interest Rate of 1st Mortgage Real Estate Loans/Lines of Credit

Acct Code

Description

Tip for pulling data stored in CU*BASE

563

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

Note: If all or a portion of 1st Mortgage RE Loans/LOC are not maintained in CU*BASE, you must obtain the interest rate from the outside vendor.

 

Note: This Account Code was deleted by the NCUA in Sept. 2017.

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

If multiple loan products fall into this category, average the rates for the quarter.

 

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.