NCUA Recommended Chart of Accounts

Operating Income Accounts (100 series)

110 Income from Loans

111 Interest on Loans

111.1 Interest on Business Loans

111.2 Interest on Agriculture Loans

111.3 Interest on Consumer Loans

111.4 Interest on Mobile Home Loans

111.5 Interest on Share Secured/Insured Loans

111.6 Interest on Other Member Loans

111.7 Interest on Home Equity Loans

112 Interest on Lines of Credit

112.1 Interest on Other Lines of Credit

112.2 Interest on Credit Cards

113 Income from Loans of Liquidating Credit Unions

114 Interest on Real Estate Loans

114.1 Interest on Real Estate Loans Over 12 Years

114.2 Interest on Real Estate Loans 12 Years and Under

115 Interest on Loans and Other Obligations Purchased (100%)

116 Interest on Loan Participations Purchased

117 Service Income on Loans Sold and Participations

118 Interest on Other Miscellaneous Nonmember Loans

119 Interest Refunds

120 Investment Income

121 Income from U.S. Government Obligations

122 Income from Federal Agency Securities

123 Income from Investment in NCUSIF

124 Interest on Trading Securities

125 Income from Common Trust Investments

126 Income from Shares/Deposits/Certificates of Corporate Credit Unions

127 Income from Shares/Deposits/Certificates of Other Credit Unions

128 Income from Other Shares/Deposits/Certificates

128.1 Income from Investments in Credit Union Service Corporations (CUSO)

129 Income from Other Investments

130 Fees and Charges

131 Other Fees and Charges

132 Loan Origination Fees

140 Gain (Loss) on Sale of Loans and Other Eligible Obligations

141 Gain (Loss) on Sale of Eligible Obligations

150 Miscellaneous Operating Income

151 Other Miscellaneous Operating Income

152 Credit Card Interchange Income

160 Service Income on Loans and Other Obligations

161 Service Income on Loans and Other Obligations

162 Service Income on Credit Card Loans

163 Service Income—Net Commitment Fees

170 Trading Profits and Losses

 

Operating Expense Accounts (200 – 300 Series)

200 Operating Expenses (Control)

210 Compensation

211 Salaries

212 Reimbursement to Sponsor for Services

219 Other Compensation

220 Employee Benefits

221 Pension Plan Costs

222 Social Security Taxes (Employer's Share)

223 Unemployment Compensation Taxes

224 Other Employee Benefits

230 Travel and Conference Expenses

231 Employees' Travel and Conference Expenses

232 Officers' and Directors' Travel and Conference Expenses

239 Other Travel Expenses

240 Association Dues

250 Office Occupancy Expenses

251 Rent

252 Maintenance of Buildings

253 Utilities

254 Depreciation of Buildings

255 Amortization of Leasehold Improvements

256 Real Estate Taxes

257 Depreciation Expense—Leased Assets

259 Other Office Occupancy Expenses

260 Office Operations Expenses

261 Communications

262 Rental of Furniture and Equipment

263 Maintenance of Furniture and Equipment

264 Stationery and Supplies

265 Insurance

266 Depreciation of Furniture and Equipment

268 Bank Service Charges

269 Other Office Operations Expenses

270 Educational and Promotional Expenses

271 Advertising

272 Publicity and Promotions

279 Other Educational and Promotional Expenses

280 Loan Servicing Expenses

282 Collection Expenses

283 Recording Fees—Chattel Lien Insurance

284 Credit Reports

285 Refunds—Real Estate Service Charges

286 Credit Card Program Expenses

287 Service Fees on Loans Purchased

289 Other Loan Servicing Expenses

290 Professional and Outside Services

291 Legal Fees

292 Audit Fees

293 Accounting Services

294 Management Consulting Fees

299 Other Professional and Outside Services

300 Provision for Loan Losses

301 Provision for Loan Losses—Consumer Loans

302 Provision for Loan Losses—Lines of Credit

303 Provision for Loan Losses—Real Estate Loans

304 Provision for Loan Losses—Mobile Home Loans

305 Provision for Loan Losses—Other Loans

306 Provision for Unrealized Mutual Fund Losses

309 Other Provision for Losses

310 Members' Insurance

311 Share Insurance

312 Life Savings Insurance

313 Borrowers' Insurance

319 Other Members' Insurance

320 Federal Operating Fee

330 Cash Over and Short

340 Interest on Borrowed Money

341 Imputed Interest Costs

342 Other Interest on Borrowed Money

350 Annual Meeting Expenses

360 Truth in Lending Expense (TIL)

361 TIL Reimbursement of Interest Overcharges

362 TIL Restitution

370 Miscellaneous Operating Expenses

371 Unexercised Commitment Fees

372 Commitment Fees on Borrowed Money

380 Dividend Expenses

380.2 Share Draft Dividend Expense

380.3 Club Account Dividend Expense

380.4 IRA/Keogh Dividend Expense

380.5 Share Certificate Dividend Expense

380.6 Money Market Dividend Expense\

380.7 Other Dividend Expense

381.1 Regular Share Dividend Expense

385 Interest on Deposits

 

Non-Operating Income and Expense Accounts (400 Series)

400 Non-Operating Income (Expense)

420 Gain (Loss) on Investments

430 Gain (Loss) on Disposition of Assets

440 Other Non-Operating Income (Expense)

446 Extraordinary Gains and Losses

 

Asset Accounts (700 Series)

700 Loans to Members

701 Loans

701.1 Commercial Loans

701.2 Agriculture Loans

701.3 Consumer Loans

701.4 Other Member Loans

701.5 Home Equity Loans

701.8 Net Commitment Fees—Loans to Members

701.9 Net Origination Fees(Costs)—Loans to Members

702 Lines of Credit to Members

702.1 Lines of Credit to Members—Credit Cards

702.2 Lines of Credit—Cash Advances in Process

702.3 Net Origination Fees (Costs)—Lines of Credit

702.4 Net Commitment Fees (Costs)—Lines of Credit

703 Real Estate Loans—Over 12 Years

703.1 Net Origination Fees (Costs)—Real Estate Loans Over 12 Years

704 Real Estate Loans 12 Years or Less

704.1 Net Origination Fees (Costs)—Real Estate Loans 12 Years or Less

705 Mobile Home Loans

705.1 Net Origination Fees (Costs)—Mobile Home Loans

706 Share Secured/Insured Loans

707 Loans—Collateral in Process of Liquidation

710 Other Loans

711 Notes and Contracts Receivable

712 Loans Purchased from Liquidating Credit Union

712.1 Discounts on Loans Purchased from Liquidating Credit Union

713 Loans Purchased from Liquidating Credit Union—Collateral in Process of Liquidation

714 Loans or Other Obligations Purchased

714.1 Premium on Loans Purchased

714.2 Discount on Loans Purchased

715 Loan Participations Purchased

715.1 Premium on Loan Participations Purchased

715.2 Discount on Loan Participations Purchased

716 Loan Participations Sold

716.1 Loan Participations Sold (Contra Asset Account)

717 Other Miscellaneous Nonmember Loans

718 Loans Subject to Repurchase Agreements

719 Allowance for Loan Losses

720 Other Receivables

721 Payroll Deductions Receivable

722 Receivables from Officials and Employees

723 Lease Payments Receivable

724 Insurance Premiums Receivable

725 Advance for Taxes, Insurance, and Other Charges

727 U.S. Savings Bonds Redeemed Receivable

728  Real Estate Loans Receivable

729 Other Accounts Receivable

729.1 TIL Bond Claims Receivable

730 Cash

731 Cash—Checking Account

732-736 Reserved for additional accounts for cash deposits

737 Cash—U.S. Bond Installment Payments

738 Petty Cash

739 Change Fund

740 Investments

741 U.S. Government Obligations

741.1 Discount on U.S. Government Obligations

741.2 Premium on U.S. Government Obligations

742 Federal Agency Securities

742.1 Discount on Federal Agency Securities

742.2 Premium on Federal Agency Securities

743 Common Trust Investments

743.1 Mutual Fund Investments

743.2 Allowance for Common Trust and Mutual Fund Investment

744 Shares, Deposits and Certificates of Corporate Central Credit Unions

745 Shares, Deposits and Certificates of Other Credit Unions

746 Other Shares, Deposits and Certificates

746.1 Commercial Bank Deposits

746.2 Savings and Loans and Mutual Savings Bank Deposits

747 Loans to Other Credit Unions

748 Investments in Credit Union Service Corporations

748.1 Investments in Credit Union Service Corporations

748.2 Loans to Credit Union Service Corporations

750 Investments—Investment Allowance

751 Investment in the Central Liquidity Facility

751.1 Investment in CLF Membership Stock

751.2 Investment in CLF Liquidity Clearing

752 Investment in NCUA Share Insurance Capitalization Fund

753 Investment in Branch

755 Purchased Accrued Interest Receivable

758 Allowances for Losses on Investment

759 Trading Securities

760 Prepaid Expenses and Deferred Charges

762 Deferred Charges—Commitment Fees Paid in Connection With the Acquisition of Borrowed Funds

763 Deferred Charges—Commitment Fees on Loans to Be Purchased

764 Prepaid Rent

765 Prepaid Share Insurance

766 Other Prepaid Insurance

767 Deferred Pension Cost

768 Unamortized Organization Costs

769 Other Prepaid Expenses and Deferred Charges

770 Fixed Assets

771 Land

772 Building

773 Allowance for Depreciation of Building

774 Furniture and Equipment

775 Allowance for Depreciation of Furniture and Equipment

776 Leasehold Improvements

777 Allowance for Amortization of Leasehold Improvement

778 Leased Assets under Capital Lease

779 Allowance for Depreciation of Leased Assets

780 Accrued Income

781 Accrued Interest on Loans

782 Accrued Income on Investments

783 Accrued Credit Card Income

784 Accrued Interest on Real Estate Loans

785 Purchased Accrued Interest Receivable on Loans (100%)

786 Accrued Interest on Loan Participations Purchased

787 Accrued Interest—Other Lines of Credit to Members

788 Accrued Income on NCUSIF Investment

789 Other Accrued Income

790 Other Assets

792 Insurance Premium Stabilization

793 Monetary Control Reserve Deposits

797 Advance Payments by Borrowers for Taxes and Insurance on Serviced Loans

798 Assets Acquired in Liquidation on Loans

799 Other Assets

 

Liability Accounts (800 Series)

800 Accounts Payable

801 Accounts Payable

801.1 Accounts Payable—Travelers’ Checks and Money Orders

802 Accounts Payable—Undistributed Payments

802.1 Accounts Payable—Credit Card Payments in Process

802.2 Accounts Payable—Credit Card Adjustments in Process

802.3 Accounts Payable—Credit Card Chargebacks in Process

803 Accounts Payable—Undistributed Payroll Deductions or Allotments

804 Accounts Payable—Check Transmittal Service

805 Accounts Payable—Drafts Authorized

806 Accounts Payable—Installment Payments on U.S. Bonds

807 Accounts Payable—U.S. Savings Bond Remittances

808 Real Estate Loans Payable

809 Escrow Accounts

810 Notes and Interest Payable

811 Mortgage Notes Payable

812 Notes Payable—Other

812.1 Notes Payable—Commitment Fees

813 Federal Funds Payable

818 Accrued Interest Payable

820 Dividends Payable

820.1 Dividends Payable on Regular Shares

820.2 Dividends Payable on Share Drafts

820.3 Dividends Payable on Club Accounts

820.4 Dividends Payable on IRA/Keogh Accounts

820.5 Dividends Payable on Share Certificates

820.6 Dividends Payable on Money Market Accounts

820.7 Dividends Payable on Other Accounts

830 Interest Refunds Payable

840 Taxes Payable

841 Federal Withholding Taxes Payable

842 State Withholding Taxes Payable

845 City Withholding Taxes Payable

846 Social Security Taxes Payable

847 Federal Unemployment Compensation Tax Payable

848 State Unemployment Compensation Tax Payable

849 Other Taxes Payable

850 Accrued Expenses

851 Accrued Salaries

852 Accrued Employee Benefits

853 Accrued Cost of Space Occupied

854 Accrued Dividends Payable

855 Accrued Accounting Service Cash

856 Accrued Loss Contingencies

859 Other Accrued Expenses

860 Other Liabilities

861 Liability Under Pension Plan

862 Collections on Loans and Other Obligations Serviced

863 Obligation Under Capital Lease

864 Monetary Control Pass Through Deposits

865 Main Office

866 Undisbursed Loan Proceeds

869 Other Liabilities

870 Unapplied Data Processing Exceptions

871 Unapplied Data Processing Exceptions (Receipts)

872 Unapplied Data Processing Exceptions (Disbursements)

880 Deferred Credits

881 Unearned Interest on Loans

882 Deferred Credits—Insurance Premium Rebates

883 Deferred Gain on Liquidation of Loans

883.1 Deferred Gain on Transfer of Securities

884 Deferred Credits—Credit Card Commitments

885 Deferred Credits—Prepaid Interest—Real Estate Loans

886 Unamortized Discount on Sale of Assets

887 Deferred Credits—Fees Received on Loans to be Purchased

888 Deferred Credits—Insurance Premium Stabilization Reserve

889 Other Deferred Credits

890 Deferred Credits—Net Origination Fees (Costs)—Lines of Credit to Members

891 Deferred Credits—Net Origination Fees (Costs)—Lines of  Credit to Members—Credit Cards

892 Deferred Credits—Net Origination Fees (Costs)—Home Equity Lines of Credit

893 Deferred Credits—Net Commitment Fees (Costs)—Home Equity Lines of Credit

894 Deferred Credits—Net Commitment Fees (Costs)—Loans to Members

 

Savings/Equity Accounts (900 Series)

900 Shares of Members

901 Regular Shares

902 Share Drafts

903 Club Accounts

904 Other Shares

905 Escrow Accounts

906 IRA/Keogh Retirement Services

908 Share Certificates

909 Shares—Unposted Payroll Deductions

910 Public Unit Shares

911 Money Market Shares

921 Shares of Nonmembers

925 Deposits

930 Reserves

931 Regular Reserves

932 Special Reserve for Losses

933 Other Revocable Reserves

934 Reserve for Loss Contingencies

935 Corporate Central Reserve

940 Undivided Earnings

942 Appropriated Undivided Earnings

945 Unrealized Loss in Value of Long-term Investment in Equity Securities

950 Donated Equity

960 Net Income (Loss)

 

According to the NCUA, “Federal credit unions must design their own chart of accounts.  Management is responsible for reporting financial information to the NCUA on the periodic Call Report.  Therefore, the NCUA recommends that your credit union’s chart of accounts closely mirror  the Call Report for ease of reporting.  Use the prescribed financial report forms in Section 900 as a guide for financial reports intended for posting to members. Whatever chart of accounts numbering system management adopts for its general ledger accounts, it should permit the classification of transactions in at least the detail required to properly complete the NCUA call report forms.”