The NCUA has revised its call report beginning with the March 2022 reporting cycle, according to the agency. The move comes after the NCUA board approved a final rule that simplifies the risk-based capital requirements for eligible, complex credit unions, and as part of its Call Report Modernization Initiative.

The March 2022 Call Report, Form 5300, was submitted to the Office of Management and Budget on Dec. 7, 2021, for review and clearance in accordance with the Paperwork Reduction Act.

Additionally, the NCUA posted a draft of the Call Report, Form 5300, demonstrating the proposed changes resulting from the final rule for the Complex Credit Union Leverage Ratio approved on Dec. 16, 2021. The changes related to CCULR were submitted to the Office of Management and Budget.