ALEXANDRIA, Va. (5/1/12)--The National Credit Union Administration (NCUA) is offering a free webinar scheduled for May 15 that will outline changes the agency intends to make to its Credit Union Online system will answer questions from credit unions about the innovations.
The CU Online system is a web-based data collection system that allows credit unions to file 5300 call reports and to post profile information. The NCUA launched CU Online Sept. 1, 2009, and the changes coming in late May are the first major upgrade to the system.
The changes, according to the NCUA, will include an enhanced user interface, the ability to convert call report and profile information into .pdf files, and other basic interface changes that will help users make their call report calculations and avoid leaving information out of their profiles.
"We worked to incorporate the many valuable suggestions we received from credit unions to improve data integrity, enhance security, and make CU Online more user-friendly," said NCUA Examination and Insurance Director Larry Fazio.
The agency also is planning to cease sending paper Call Report notices to credit unions that use the CU Online service, a change that will reduce waste and save the NCUA an estimated $20,000 in paper and postage costs per year.
The webinar is scheduled to begin at 2 p.m. (ET) and will last 90 minutes. Advanced registration is required and the agency plans to archive the webinar on its homepage.
To register for the webinar and read the full NCUA release, use the resource link.