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.