Allowance for Credit Losses on HTM Debt Securities

Acct Code

Description

Tip for pulling data stored in CU*BASE

AS0041

If you have adopted ASC Topic 326: Financial Instruments - Credit Losses (CECL) then report the amount set aside to absorb expected credit losses on held-to-maturity debt securities.  

 

 

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.

 

One or more automation routines are available for this Account Code. Click images\autopopulate_shg.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.