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ALEXANDRIA, Va. – NCUA said yesterday it has added several disclosures to its 5300 Call Report to show the expenses they accrue related to the $5 billion corporate bailout.
The changes will show the expense related to the bailout as a separate line item on the Income Statement within the Call Report. It will also show net income before and after the expense item.
The two new accounts added are NCUSIF Stabilization Expense, Account 311 and Net Income (Loss) before NCUSIF Stabilization Expense, Account 660A. This will allow Call Report users to quickly ascertain the impact of the stabilization expense on the operating position of each credit union.
A letter to credit unions will be issued shortly with additional details.
