Amount of Foreclosed or Repossessed Commercial Assets

Acct Code

Description

Tip for pulling data stored in CU*BASE

AS0022

Report the amount of foreclosed or repossessed commercial assets.

NCUA Recommended Chart of Accounts series 700.

The preferred method is to auto-populate this data by G/L  if foreclosed and repossessed assets are stored in general ledger account(s).

If tracked manually by  your  collections department, refer to your internal reports.

 

One or more automation routines are available for this Account Code. Click images\ebx_543273246.gifto select from the available routines and configure the data.

 

 

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.