Loans Transferred with Limited Recourse Qualifying for Sales Accounting YTD

 

Acct Code

Description

Tip for pulling data stored in CU*BASE

819

The total principal balance outstanding of loans transferred, including participations, for which the transfer qualified for true sales accounting treatment under GAAP, and for which the transferor credit union retained some limited recourse.

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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.