Federally Insured Home Equity Conversion Mortgages (HECM Reverse Mortgages) - Amount Committed Directly by Credit Union

Acct Code

Description

Tip for pulling data stored in CU*BASE

811B1

This is the unfunded portion of commitments to extend credit under revolving, open-end lines of credit secured by 1-4 family residential properties authorized by Federally Insured Home Equity Conversion Mortgages. Report unfunded commitments directly committed by the credit union.

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

 

 

Run Tool #280 Contingent Liability Analysis Report by quarter end date. Select ‘line of credit’ and ‘open- credit’ loans. Use the ‘Contingent Liability’ total for your loan category code(s) that identify federally insured home equity mortgages.

 

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.