Investments Not Authorized by the FCU Act or NCUA Rules and Regs (SCU Only)
Acct Code |
Description |
Tip for pulling data stored in CU*BASE |
784 |
Report the amount of investments permitted by state law, but that are not authorized by the Federal Credit Union Act or NCUA Rules and Regulations. Note: This is for state chartered credit unions only. NOTE: This Account Code was removed by the NCUA in March 2014.
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One method is to run Tool #652 Print Investment Register by quarter end date. The report can sort by Maturity Date, FASB Code, or Investment Type. Another method is to run Tool #408 Investment Trial Balance Report by quarter end date. You can run by Investment Type and a Maturity Date range can be selected. This can be a General Ledger balance from your credit union balance sheet. Obtain the balance of the G/L account as of quarter end. If these investments are tracked manually, refer to your internal report. |
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One or more automation routines are available for this Account Code. Click to select from the available routines and configure the data. |
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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.