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

·      381.1 Regular Share Dividend Expense

·      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

·      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.” 

 

 

Link to ID: https://help.cubase.org/cubase/cubase.htm#NCUA_Recommended_Chart_of_Accounts.htm