CUNA Comment Letter

Proposed Revisions to Call Report (Form 5300)

October 27, 2000

Mr. James L. Baylen
Clearance Officer
National Credit Union Administration
1775 Duke Street
Alexandria, Virginia 22314-3428

RE: Proposed Revisions to Call Report (Form 5300)

Dear Mr. Baylen:

The Credit Union National Association (CUNA) appreciates the opportunity to comment on the proposed revisions to the Call Report, which are scheduled to be effective in time for the 2000 year-end reports. CUNA represents more than 90% of our nation's 10,500 state and federal credit unions.

We recognize that most of the proposed revisions are necessary in order for NCUA to obtain the information necessary to administer the prompt corrective action rules that were issued earlier this year. However, we have reviewed the revisions and offer the following suggestions.

Thank you for the opportunity to comment on the proposed revisions to the Call Report. If Board members or agency staff have questions about our comments, please give me a call at 202-218-7795.

Sincerely,

Jeffrey Bloch
Assistant General Counsel