Events Calendar

Webinar: Call Report Financial Statements B-E
Wednesday, July 22, 2020, 03:00pm - 04:30pm

Preparing financial statements for the Call Report is just like preparing your own internal financial statements, right? Think again! There are some subtle differences that may go unnoticed.


  • Prepare the statement of financial condition, statement of income and expense, and loans and leases schedule
  • Identify general ledger accounts that may be incorrectly categorized
  • Evaluate reporting of cash clearing accounts
  • Explain how deferred loan origination fees and costs are accounted for
  • Distinguish between loan participations sold with and without recourse
  • Understand investment reporting (Schedule B)
  • Recognize when to consolidate a Credit Union Service Organization (Schedule C)
  • Discuss why derivatives are used (Schedule D)
  • Disclose relevant BSA information (Schedule E)


Do you know the subtle differences between preparing internal financial statements and preparing Call Report financial statements? This session will provide tips, tricks, and relevant examples that will assist you in the preparation of the quarterly Call Reports.


This informative session is designed for individuals involved in Call Report data collection, preparation, and review, with a focus on finance and accounting.


  • Important links to NCUA’s Credit Union Online website, including upcoming cycle due dates, frequently asked questions, forms, instructions, and access to Call Reports
  • Link to Wilary Winn derivative white paper, Accounting for Mortgage Banking Activities
  • Employee training log
  • Interactive quiz

SPEAKER:  Stephen J.M. Schiltz, CliftonLarsonAllen LLP

Steve Schiltz is principal with CLA’s Tucson office. He began his career with CLA in 2002 and has extensive experience providing assurance and consulting services to community financial institutions. Steve has made presentations to management teams, supervisory committees, and boards of directors, as well as national speaking engagements and webinars.

A licensed CPA in Arizona and Texas, Steve is a member of the AICPA, Arizona Society of CPAs and the Beta Gamma Sigma Honor Society. He received his bachelor’s in accounting, cum laude, from the University of Arizona in Tucson.