2008 REVISED MID-YEAR NCUA 5310 CALL REPORT INSTRUCTIONS

# SCHEDULE SFC: STATEMENT OF FINANCIAL CONDITION

ASSETS

1.  a\. Cash and Balances Due: No input necessary flows from Schedule
    A-1

> -- TOTAL CASH AND BALANCES DUE. The total of cash in all transaction
> accounts at depository institutions including Federal Reserve Banks
> and other cash, as applicable. Do not include Future Dated ACH
> Transactions (line 1b), but do include other balances due and
> uncollected funds from depository institutions, Federal Reserve Banks,
> and other items due.

b.  Loans - Net: No input necessary flows from Schedule A-2 - NET LOANS.
    The total of all loan accounts plus the Allowance for Loan and Lease
    Losses account.

c.  Total Securities Held-to Maturity: No input necessary flows from
    Schedule A-3A, line 1, Book Value Column.

d.  Total Securities Available for Sale: No input necessary, flows from
    Schedule A-3A, line 2, Fair Value Column.

e.  Total Securities in Trading Portfolio: No input necessary, flows
    from Schedule A-3A, line 3, Fair Value Column.

f.  Total Non-FASB 115 Investments: No input necessary, flows from
    Schedule A-3A. Equals the total of lines 4, 5, 6, and 8, Book Value
    Column.

g.  Derivative Contracts: No input necessary, flows from Schedule A-3,
    line 18.

h.  Total Investments (Less Derivatives Contracts): Computed field, no
    input necessary. Total of lines 1d, 1e, 1f and 1g. This total equals
    the amount listed on the last line of Schedule A-3 -- TOTAL
    INVESTMENTS.

i.  Fixed Assets - Net: No input necessary flows from Schedule A-4 -
    TOTAL FIXED ASSETS. The total of all Fixed Asset accounts minus
    their related accumulated depreciation accounts.

j.  Accrued Income and Other Assets: No input necessary flows from
    Schedule A-5 - TOTAL ACCRUED INCOME AND OTHER ASSETS.

TOTAL ASSETS - Computed field, no input necessary. The total of all
asset accounts listed on line 1a through 1h, plus 1j and 1k, above. This
figure equals the amount listed on Schedule SFC - TOTAL LIABILITITES,
SHARES, AND EQUITY.

  ----------------------------------------------------- -----------------
  **Footnotes:**                                        

  **(1) Reconciliation of Total Equity to Regulatory    
  Capital**                                             

                                                        

                                                        

  **Total Equity**                                      **0**

  **Plus/Minus: Unrealized OCI Losses/Gains**           **0**

  **Plus: Qualifying Membership Capital**               **0**

  **Regulatory Capital**                                **0**
  ----------------------------------------------------- -----------------

**No input is necessary. Information flows directly from Schedule SFC
and L2.**

LIABILIBIES

2.  a\. Borrowings: No input necessary, flows from Schedule L-1, TOTAL

BORROWINGS (lines 1a through 1n). The total of all borrowing accounts.

b.  Accounts Payable: No input necessary, flows from Schedule L-1,
    line 2. The total of all accounts payable accounts.

c.  Uncollected Deposits: No input necessary flows from Schedule L-1,
    line 3. The total of all uncollected deposits accounts (e.g., ACH
    receivable, suspense accounts, etc.).

d.  Dividends Payable on Shares and Certificates: No input necessary
    flows from Schedule L-1, line 4. The total of all dividends payable
    on share and certificate accounts.

e.  Interest Payable on Borrowings: No input necessary flows from
    Schedule L-1, line 5. The total of all interest payable on borrowing
    accounts (reference 2a above).

f.  Derivative Contracts: No input necessary, flows from Schedule L-1,
    line 6.

g.  Other Liabilities: No input necessary flows from Schedule L-1,
    line 7. The total of all other liability accounts not included on
    lines 2a through 2f above.

> TOTAL LIABILITIES - Computed field, no input necessary. The total of
> all liability accounts listed on lines 2a through 2g, above. This
> figure equals the amount listed on Schedule L-1 - TOTAL LIABILITIES.

SHARES AND EQUITY

3.  TOTAL SHARES: No input necessary flows from Schedule L-2, TOTAL
    SHARES. The total of all share accounts.

4.  a\. Corporate Reserves: No input necessary flows from Schedule C-1,
    line 1b.

The total of the corporate reserves account balance.

b.  Other Reserves: No input necessary flows from Schedule C-1, line 1c.
    The total of all other reserve accounts.

c.  Other Comprehensive Income (Equity)

> 1\. Accumulated Unrealized Gain or Loss on AFS Securities: No input
> necessary flows from Schedule C-1, line 1.d**.**1.
>
> 2\. Accumulated FASB 133 Adjustments: No input necessary flows from
> Schedule C-1, line 1.d.2.
>
> 3\. Other Comprehensive Income Items: No input necessary, flows from
> Schedule C-1, line 1.d.3

d.  Undivided Earnings: No input necessary flows from Schedule C-1, line
    1d. The undivided earnings account balance.

e.  Accumulated Net Income/Loss: No input necessary flows from Schedule
    C-1, line 1e. The net income/loss account balance if not closed into
    the undivided earnings account.

f.  Member Paid-in Capital: No input necessary flows from Schedule C-1,
    line 1f. The account balance of paid-in-capital (PIC) purchased by
    members.

g.  Non-member Paid-in-Capital: No input necessary flows from Schedule
    C-1, line 1g. The account balance of PIC purchased by non-members.

TOTAL EQUITY - Computed field, no input necessary. The total of all
capital accounts listed on lines 4a through 4g, above. This figure
equals the amount listed on Schedule C-1, line 1b through 1h.

> TOTAL LIABILITIES, SHARES, AND EQUITY - Computed field, no input
> necessary. The total of all liability, share, and capital accounts.
> This figure equals the amount listed on Schedule SFC - TOTAL ASSETS.

**[SCHEDULE IS: INCOME STATEMENT]{.underline}**

INCOME AND EXPENSES

1.  a\. Investment Income: No input necessary, flows from Schedule IS-1,
    TOTAL

INVESTMENT INCOME (lines 1 through 18).

b.  Loan Interest Income: The monthly total of all loan income accounts.

c.  Gain/Loss on Trading Portfolios: No input necessary flows from
    Schedule IS-4, line 1. The monthly valuation adjustments to trading
    securities and mutual funds resulting from marking portfolios to
    market. A minus sign must be entered before the dollar amount if the
    account balance is a loss.

TOTAL INTEREST INCOME - Computed field, no input necessary. The total of
investment and interest income (lines 1a through 1c above).

2.  Cost of Funds: No input necessary flows from Schedule IS-3; - TOTAL
    COST OF FUNDS (lines 1 through 5). The monthly total of all cost of
    funds accounts.

NET INTEREST INCOME - Computed field, no input necessary. Total of lines
1a through 1c minus Cost of Funds (line 2).

3.  a\. Fee Income: The monthly total of all fee income accounts (e.g.,
    income billed to members for fee based services).

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b.  Miscellaneous Operating Income: The monthly total of all other
    operating income accounts not listed on lines 1a-c and line 3a,
    above (include dividends on the NCUSIF deposit). A minus sign must
    be entered if the account balance is a loss.

c.  Gain/Loss on Investments: No input necessary flows from Schedule
    IS-4, line 2. The monthly gain/loss on the sale of investments.

d.  Gain/Loss on Disposition of Assets: Enter the gain or loss realized
    during current the reporting period. A minus sign must be entered in
    the case of a loss.

e.  Gain/Loss on Hedged Transactions: Should reflect the appropriate
    gains and/or losses from derivative transactions.

f.  Non-Operating Income/Loss: The monthly total of all non-operating
    income and loss accounts not listed elsewhere. A minus sign must be
    entered in the case of a loss.

TOTAL NON-INTEREST INCOME -- Computed field, no input necessary. Total
of lines 3a through 3f.

4.  Operating Expenses: No input necessary flows from Schedule IS-5 -
    TOTAL OPERATING EXPENSES (lines 1 through 7). The monthly total of
    all operating expense accounts.

5.  Minority Interest: The monthly total of all operating income/loss
    from minority interests in CUSOs. A minus sign must be entered in
    the case of a loss.

    NET INCOME - Computed field, no input necessary. Total of NET
    INTEREST INCOME plus amounts listed on lines 3a through 3f, and 5,
    minus line 4.

6.  Extraordinary Items: The monthly total of extraordinary items. This
    amount is will be treated as a deduction from net income. Therefore,
    if it is a positive figure, it must be entered as a negative item.

7.  Cumulative Effect of Change in Accounting Principle: The total
    monthly amount of cumulative effect of accounting changes. If you
    changed your method of recording investments in CUSOs that are
    Limited Liability Companies from the cost method to equity as a
    result of EITF 03-16: Accounting for Investments in Limited
    Liability Companies, you should enter the net effect of the change.

> This amount is treated as a deduction from net income. Therefore, if
> it is a positive figure, it must be entered as a negative item.
>
> NET INCOME AFTER EXTRAORDINARY ITEMS & OTHER ADJUSTMENT- Computed
> field, no input necessary. Total of NET INCOME minus lines 6 and 7.

8.  Equity Transfer of PIC Dividends: The monthly total of PIC dividends
    paid out of equity.

> NET CONTRIBUTION TO EQUITY -- Computed Field, no input necessary.
> Total NET INCOME AFTER EXTRAORDINARY ITEMS & OTHER ADJUSTMENTS minus
> line 8.

[SCHEDULE L-R: LIQUIDITY REPORT]{.underline}

1\. Remaining Maturity Schedule - This is a manual input schedule except
for the "Totals," which are automatically calculated. Investments,
loans, shares, and borrowings are to be entered in the schedule
according to the remaining days to legal or contractual maturity.
Settlement loans repaid immediately and ongoing, which have no legal
maturities, should be recorded in the 2-30 days bucket. Membership
capital accounts (MCA) generally should be entered in the \> 3 years
maturity bucket. However, MCA under notice should be entered based on
the remaining days to the distribution dates. CUSO investments should be
entered in the \> 3 year bucket.

> The Totals of the "Investment" must agree with the amount listed on
> Schedule A-3: Investments, TOTAL INVESTMENTS (less Derivative
> Contacts). The Totals of the "Loan" must agree with the amount listed
> on Schedule A-2: Loans, "TOTAL LOANS." The Totals of the "Share"
> column must agree with the amount listed in Schedule L-2: Shares,
> "TOTAL SHARES."
>
> The Totals of the "Borrowing" column must agree with the amount listed
> in Schedule L-1: Liabilities "TOTAL BORROWING." If either of the
> aforementioned columns do not agree as stated above, a critical error
> message will appear.

2.  Liquidity Commitments -- This is a manual input schedule except for
    the "Totals," which are automatically calculated. Explanations of
    the columns are: Contractual Amount - List total amount committed
    under contract; Outstanding Amount - List total amount of that
    commitment executed to date; (For example, a corporate has a
    contractual commitment to purchase \$10 million in participation
    loans and have purchased \$2 million of that commitment. The
    contractual and outstanding amounts would be \$10 million and \$2
    million, respectively. If contractual amounts are not applicable,
    enter internal policy limit amount.

> If neither the contractual nor the internal policy limit amounts
> apply, enter zero or leave blank); and Last Test Date - Enter the most
> recent of: actual draw, test draw, or contract establishment or
> revision.

a.  Inflows (In cases where there are no contractual amount, leave
    blank):

    Advised/revocable lines of credit- Enter amounts of advised lines of
    credit.

    Committed/irrevocable lines of credit- Enter amounts of committed
    lines of credit.

    Commercial paper lines- Enter amounts of commercial paper program
    lines.

    Medium-term notes- Enter amounts of medium term program lines.

    Federal funds lines- Enter amounts of Federal Funds lines.

    Repurchase agreement lines- Enter amounts of repurchase agreement
    lines.

    Federal Home Loan Bank lines- Enter amounts of Federal Home Loan
    Bank lines.

    Other inflows- Enter amounts of inflows not included above.

b.  Outflows:

> Advised/revocable lines of credit- Enter amounts of advised lines of
> credit.

Committed/irrevocable lines of credit- Enter amounts of committed lines
of credit.

> Loan participate commitments- Enter amount of commitments to
> participate in a loan.

Irrevocable stand-by letters of credit- Enter amounts of irrevocable
stand-by letters of credit.

> Forward commitments to purchase an asset or perform under a lease
> package- Report the total amount of all known future commitments to
> purchase an asset (except for loans that are already listed) or
> perform under a lease package.
>
> Other outflows- Enter any other commitment outflows that are not
> listed
>
> above.

3\. Effective Duration of Assets - Obtain this base-case from the most
recent NEV

modeling results.

4\. Effective Duration of Liabilities - Same as in number 3 above.

5\. Effective Duration of Equity - Same as in number 3 above.

6\. Reverse Repurchase/Repurchase Transactions Qualifying for Netting --
The

> number will not flow to/from any other schedule. This number includes
> either the total of assets or the liability sides of Reverse
> Repo/Repurchase transactions. This is for informational purposes only,
> and should not reflect the "netted" amount.

7\. Limited Liquidity Securities- This field is manual input. It should
recapture the market

value of all securities with limited liquidity characteristics such as
CMG Notes, other

CUNA Mutual Investment products, private placement securities, etc.

# SCHEDULE A-1: CASH & BALANCE DUE

Cash

1.  Cash in Banks: The month-end balance of deposits in banks (except
    compensating balances which should be noted on the Investment
    Schedule - A3, line 7d).

2.  Federal Reserve Banks: The month-end balance of deposits in Federal
    Reserve Banks.

3.  Other Cash: All other cash accounts not listed on line 1 and 2 (e.g.
    cash on hand, petty cash, etc.).

TOTAL CASH - Computed field, no input necessary. The total of all cash
accounts (lines 1 through 3 above).

Balances Due

4.  Uncollected Funds from Banks: Month-end balance of all cash items in
    process of collection from banks.

5.  Uncollected Funds from Federal Reserve Banks: Month-end balance of
    all cash items in process of collection from Federal Reserve Banks.

6.  Other Items Due: All other balance due accounts not listed on lines
    4 and 5 above.

TOTAL BALANCES DUE - Computed field, no input necessary. The total of
all balance due accounts (lines 4 through 6 above).

TOTAL CASH AND BALANCES DUE - Computed field, no input necessary. The
total of all cash (lines 1 through 3) and balance due accounts (lines 4
through 6 above). This figure equals the amount listed on schedule SFC
line 1a.

# SCHEDULE A-2: LOANS

Guaranteed Loans to Member Credit Unions

1.  CLF Lines of Credit (NCUSIF Guaranteed): All outstanding lines of
    credit (LOC) loans to member credit unions that are guaranteed by
    the National Credit Union Share Insurance Fund (NCUSIF).

2.  CLF Liquidity Loans: All other loans to member credit unions that
    are guaranteed by the NCUSIF.

3.  Other: All other types of guaranteed loans to member credit unions
    that are not listed on lines 1 and 2 above.

SUBTOTAL - Computed field, no input necessary. The total of all
guaranteed loans to member credit unions (lines 1 through 3 above).

All Other Loans to Member Credit Unions

4.  Share Secured: All other loans to member credit unions (e.g., that
    are not guaranteed) that are secured by pledged shares or
    certificates.

5.  Loans Secured by Other Collateral: All other loans to member credit
    unions (e.g. that are not guaranteed) that are secured by other
    collateral (e.g., securities, loans, etc.).

6.  Unsecured: All other loans to member credit unions (e.g. that are
    not guaranteed) that are unsecured.

7.  Loans Derived from Securities Purchased from Members with Agreement
    to Resell: All loans to member credit unions for reverse repurchase
    transactions.

8.  Other: All other types of loans to member credit unions that are not
    listed on lines 4 through 7 above.

SUBTOTAL - Computed field, no input necessary. The total of all other
loans to member credit unions (lines 4 through 8 above).

Loans to Credit Unions that are not Members

9.  Share Secured: All loans to credit unions that are not members that
    are secured by pledged shares or certificates.

10. Loans Secured by Other Collateral: All loans to credit unions that
    are not members that are secured by other collateral (e.g.,
    securities, loans, etc.).

11. Unsecured: All loans to credit unions that are not members that are
    unsecured.

12. Other: All other types of loans to credit unions that are not
    members not listed on lines 9 through 11 above.

SUBTOTAL - Computed field, no input necessary. The total of all loans to
credit unions that are not members (lines 9 through 12 above).

All Other Loans

13. Loan Participations from Other Corporate Credit Unions: Enter
    outstanding amount of loan participations purchased (Enter Gross
    Amount).

14. Other Loan Participations: Enter outstanding amount of loan
    participations purchased from other parties (Enter Gross Amount).

14a Loan Participations Sold: (Enter the total amount sold listed in
items 13 and 14, above. Enter this amount as a negative figure)

15. Loans to Corporate CUSOs: Month-end balance of all loans to
    Corporate Credit Union Service Organizations (CUSO).

16. Share Secured: All loans to others (e.g. leagues, affiliated
    organizations, etc.) that are secured by pledged shares or
    certificates.

17. Loans Secured by Other Collateral: All loans to others (e.g.,
    leagues, affiliated organizations, etc.) that are secured by other
    collateral (e.g., securities, loans, etc.)

18. Unsecured: Month-end balance of all other types of loans to others
    (e.g., leagues, affiliated organizations, etc.) that are unsecured

19. Loans to Non-Credit Union Members: Month-end balance of all loans to
    non-credit union members, not captured elsewhere.

20. Other: Month-end balance of all other types of loans to others
    (e.g., leagues, affiliated organizations, etc.) that are not listed
    on lines 13 through 19.

> SUBTOTAL - Computed field, no input necessary. The total of all other
> loans (lines 13 through 20 above).
>
> TOTAL LOANS - Computed field, no input necessary. The total of all
> loan accounts (lines 1 through 20 above).

21. Allowance for Loan and Lease Losses: The amount set aside to absorb
    possible losses on loans. The formula for Net Loans subtracts this
    figure from Total Loans; therefore, this amount should be entered as
    a positive number.

NET LOANS - Computed field, no input necessary. The Total Loans figure
plus the Allowance for Loan Losses Account (line 21). This figure equals
the amount listed on Schedule SFC line 1b.

Loan Background Information

1.  Outstanding Loans to Credit Unions of Corporate Officials: Report
    the total of all outstanding loans to the credit union of corporate
    officials (e.g., board, credit committee, supervisory committee,
    etc.).

2.  Approved Lines of Credit to Credit Unions of Corporate Officials:
    Report the total of all approved lines of credit to the credit
    unions of corporate officials (e.g., board, credit committee,
    supervisory committee, etc.).

3.  Outstanding Loans to Corporate Officials and Employees: Report the
    total of all outstanding loans to corporate officials (e.g., board,
    credit committee, supervisory committee, etc.) and employees (e.g.,
    all paid staff members).

4.  Outstanding Loans to Leagues and Affiliated Parties: Report the
    total of all outstanding loans to all leagues and affiliated parties
    (e.g., service corporations, chapters, CUNA, NAFCU, etc.).

5.  Approved Lines of Credit to Leagues and Affiliated Parties: Report
    the total of all approved lines of credit to all leagues and
    affiliated parties (e.g., service corporations, chapters, CUNA,
    NAFCU, etc.).

6.  Approved Lines to Watch List Institutions and Other Parties: List
    approved lines to members on the corporate's watch list.

# SCHEDULE A-2A: DELINQUENT LOANS

1.  Guaranteed Loans to Member Credit Unions: Report the total of all
    guaranteed loans that are delinquent more than 30 days in the
    appropriate delinquency date column.

2.  All Other Loans to Member Credit Unions: Report the total of all
    other loans to member credit unions (e.g., all loans that are not
    guaranteed) that are delinquent more than 30 days in the appropriate
    delinquency date column.

3.  Loans to Credit Unions that are not Members: Report the total of all
    loans to credit unions that are not members that are delinquent more
    than 30 days in the appropriate date column.

4.  All Other Loans: Report the total of all loans (other than those
    listed on lines 1 through 3 above) that are delinquent more than 30
    days in the appropriate date column.

> TOTAL DELINQUENT LOANS - Computed field, no input necessary. The total
> of all delinquent loans (lines 1 through 4 above) by date categories.

# SCHEDULE A-2B: LOANS CHARGED OFF AND RECOVERIES

1.  Loans to Member Credit Unions: Report the total of all loans to
    member credit unions that were charged off or recovered in the
    appropriate column. The system will then calculate and note the net
    charged off amount.

2.  Loans to Credit Unions that are not Members: Report the total of all
    loans to credit unions that are not members that were charged off or
    recovered in the appropriate column. The system will then calculate
    and note the net charged off.

3.  All Other Loans: Report the total of all loans (other than those
    listed on lines 1 and 2 above) that were charged off or recovered in
    the appropriate column. The system will then calculate and note the
    net charged off amount.

TOTAL LOANS CHARGED OFF & RECOVERIES - Computed field, no input
necessary. The total of all charged off and recovered loans (lines 1
through 3 above).

# SCHEDULE A-3: INVESTMENTS

1.  U.S. Government and Government Guaranteed Obligations: All
    investments in U.S. Government and Government Guaranteed Obligations
    (e.g., U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury
    Bonds, Farm Credit System Financial Assistance Corporation, etc.).

2.  Obligations of U.S. Government Sponsored Enterprises: All
    investments in obligations of U.S. Government Sponsored Enterprises,
    exclusive of mortgage backed pass-through securities (e.g., Federal
    National Mortgage Association - FNMA, Federal Home Loan, etc.).

3.  Central Liquidity Stock (Direct): The total amount of shares
    purchased as a result of the corporate being a direct member of the
    Central Liquidity Facility (CLF).

U.S. Central Obligations

4.  a\. Daily Shares: All investments in U.S. Central (USC) share
    accounts with maturities of one day.

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b.  Time Certificates: All non-conditional investments in USC
    certificates of deposit with maturities greater than one day. Do not
    report callable or other conditional certificates on this line.

c.  Investments Resulting from Repurchase Transactions: All USC
    certificates purchased with proceeds of the reverse repurchase
    program (member credit unions and corporate).

d.  Amortizing Certificates: All investments in USC amortizing
    certificates of deposit.

e.  Callable Certificates: All investments in USC Callable certificates
    of deposit.

f.  Step Up Certificates: All investments in USC step up certificates of
    deposit.

g.  FRAPS: All investments in USC floating rate asset program
    certificates of deposit.

h.  Membership Capital Shares: All investments in USC membership capital
    shares.

i.  Community Investment Funds: All investments in USC Community
    Investment Funds.

j.  Paid-In Capital: All investments in USC Paid-In Capital.

k.  Fed Funds Sold to U.S. Central: Include only Fed Funds Sold to U.S.
    Central.

l.  Other: All other types of investment instruments in USC not listed
    on lines 4a through 4k above (including conditional Time
    Certificates).

SUBTOTAL - Computed field, no input necessary. Total of USC investments
(lines 4a through 4l above).

5.  Other Corporate Credit Unions: All investments in corporate credit
    unions other than USC.

6.  Other Credit Unions: All investments in natural person credit
    unions.

U.S. Banks

7\. a. Fed Funds Sold: All overnight and term investments in U.S. Bank
Federal

Funds.

b.  Certificates of Deposit: All investments in U.S. Bank certificates
    of deposit.

c.  Deposit Notes: All investments in U.S. bank deposit notes (debt
    instruments with maturities of less than 10 years).

d.  Compensating Balances: All required compensating balance deposits in
    U.S. Banks.

e.  Other: All other types of investments in U.S. Banks not listed on
    lines 7a through 7d, including.

SUBTOTAL - Computed field, no input necessary. Total of investments in
U.S Banks (lines 7a through 7e above).

Foreign Banks

8\. a. Fed Funds Sold: All overnight and term investments in foreign
bank federal

funds.

b.  Certificates of Deposit: All investments in foreign bank
    certificates of deposit.

c.  Deposit Notes: All investments in foreign bank deposit notes (debt
    instruments with maturities of less than 10 years).

d.  Compensating Balances: All required compensating balance deposits in
    foreign banks.

e.  Other: All other types of investments in foreign banks not listed on
    lines 8a through 8d above.

SUBTOTAL - Computed field, no input necessary. Total of all investment
of foreign banks (lines 8a through 8e above).

Repurchase Activity

9\. a. Securities Purchased from Members under Agreement to Resell: The
total of all

securities purchased from members under agreement to resell at a pre-

determined date and amount.

b.  Securities Purchased from Others under Agreement to Resell: The
    total of all securities purchased from others (e.g., broker/dealers,
    banks, etc.) under agreement to resell.

SUBTOTAL - Computed field, no input necessary. Total of all Repurchase
Securities (lines 9a and 9b above).

Government and Agency Mortgage Related Issues

10\. a. Fixed Rate CMO/REMICS: All investments in fixed rate CMOs/REMICS
backed

by the U.S. Government or U.S. government-sponsored enterprises (e.g.,

Government National Mortgage Association - GNMA, Federal Home Loan

Mortgage Corporation - FHLMC, etc.)

b.  Variable Rate CMOs/REMICs: All investments in variable rate
    CMOs/REMICS backed by the U.S. Government or U.S.
    Government-sponsored enterprises (e.g., Government National Mortgage
    Association - NGMA, Federal Home Loan Mortgage Corporation - FHLMC,
    etc.)

c.  Mortgage Backed Pass Throughs: Enter U.S. Government and agency
    related mortgage backed pass-through securities.

d.  Asset Backed Securities: Enter U.S. Government and agency related
    asset backed securities.

e.  Other: Enter all other U.S. Government and agency related bonds per
    SFAS 115.

SUBTOTAL - Computed field, no input necessary. Total of all U.S.
Government and Agency mortgage related issues (lines 10a through 10e
above).

Privately Issued Mortgage Related Issues

11\. a. Fixed Rate CMOs/REMICS: All investments in fixed rate privately
issued CMOs/REMICs.

b.  Variable Rate CMOs/REMICs: All investments in variable rate
    privately issued CMOs/REMICs.

c.  Mortgage Banked Pass Throughs: All investments in privately issued
    mortgage backed pass throughs.

d.  Other: All investments in other types of privately issued mortgage
    related issues not listed on lines 11a through 11c above.

SUBTOTAL - Computed field, no input necessary. Total investments in
privately issued mortgage related issues (lines 11a through 11d above).

Asset Backed Securities

12 a. Fixed Rate Credit Cards: All fixed rate investments in asset
backed securities collateralized by credit cards.

b\. Variable Rate Credit Cards: All variable rate investments in asset
backed securities collateralized by credit cards.

c.  Fixed Rate Autos: All fixed rate investments in asset-backed
    securities collateralized by automobile loans.

d.  Variable Rate Autos: All variable rate investments in asset backed
    securities collateralized by automobile loans.

e.  Fixed Rate Home Equity: All fixed rate investments in asset-backed
    securities collateralized by home equity loans.

f.  Variable Rate Home Equity: All variable rate investments in
    asset-backed securities collateralized by home equity loans.

g.  Fixed Rate Other: All fixed rate investments in asset-backed
    securities collateralized by other types of collateral (e.g.,
    airplanes, farm equipment, contracts, etc.) not listed on lines 12b,
    12d, and 12f above.

h.  Variable Rate Other: All variable rate investments in asset-backed
    securities collateralized by other types of collateral (e.g.,
    airplanes, farm equipment, contracts, etc.) not listed on lines 12c,
    12e, and 12g above.

SUBTOTAL - Computed field, no input necessary. Total of all investment
in asset backed securities (lines 12a through 12h above).

Commercial Mortgage Backed Securities (CMBS)

13 a. Fixed Rate CMBS: All fixed rate investments in commercial mortgage
backed securities.

b\. Variable Rate CMBS: All variable rate investments in commercial
mortgage backed

SUBTOTAL - Computed field, no input necessary. Total of all investment
in commercial mortgage backed securities (lines 13a plus 13b above).

14\. Mutual Funds -- All investments in mutual funds

Commercial Debt Obligations

15\. a. Commercial Paper: All investments in commercial paper
(short-term unsecured

promissory notes issued by a corporation with maturities less than 270
days).

b.  Notes: All investments in corporate debt with maturities less than
    10 years.

c.  Bonds: All investments in corporate debt with maturities greater
    than 10 years.

d.  Other: All investments in other types of corporate debt not listed
    on lines 14a through 14c above.

SUBTOTAL - Computed field, no input necessary. Total of all investment
in commercial debt obligations (lines 14a through 14d above).

16. CMG Notes and Other CUNA Mutual Investment Products: All investments
    in CUNA related investment products (Do not include retirement
    investment accounts (e.g., 457(f) accounts, etc.).

17. Municipal Securities: All investments in municipal securities (e.g.,
    state and local governments).

18. Corporate CUSOs: Investments in CUSOs that were not eliminated
    during the consolidation process, if you prepared a consolidated
    financial statement. If you consolidate, enter the CUSO balance that
    was eliminated on Schedule M-2 Line 11.

19. Derivative Contracts: Record only the Book Value of Asset Derivative
    Contracts.

20. All Retirement Investment Accounts: Enter all retirement investment
    accounts (e.g., 457(f) accounts, etc.).

21. Other Investments: All other investment types not listed on lines 1
    through 20 above. (Include FHLB Stock under this section).

TOTAL INVESTMENTS (Less Derivatives Contracts, line 19): Computed field,
no input necessary. Total of all investments (lines 1 through 21, less
line 19, above). This figure equals the amount listed on Schedule SFC -
Total Investments.

# SCHEDULE A-3A: VALUATION

A critical error will be created if any "book value" is inputted without
a corresponding"fair value."

1.  Total Securities Held to Maturity: Report the value of all
    securities classified as held to maturity in the appropriate column.

2.  Total Securities Available for Sale: Report the book value (which
    will also be the fair value since these securities are marked to
    market) of all securities classified as available for sale in the
    appropriate column.

3.  Total Securities in Trading Portfolio: Report the book value (which
    will also be the fair value since these securities are marked to
    market) of all securities classified as trading (e.g., securities
    that are purchased with the intention to sell prior to maturity) in
    the appropriate column.

4.  U.S. Central Obligations: Report the value of USC obligations in the
    appropriate column. All U.S. Central products should be included,
    even if classified as Hold to Maturity or Available for Sale. The
    amount in the book value column should equal the subtotal of line 4
    on Schedule A-3.

5.  Investments in CUSOs - Minority Interest (Cost Method): Report the
    value of all minority interest owned (50 percent or less)
    investments in CUSOs in the appropriate column.

6.  Investments in CUSOs -- Wholly- Owned or Influential Interest
    (Equity Method): Do not include CUSO balances that were eliminated
    as a result of preparing consolidated financial statements. Report
    that amount on Schedule M-2, line 11.

7.  Derivative Contracts: Report the value of Derivative Contracts in
    the appropriate column. The number in the Book Value column should
    match Line 18 on Schedule A-3, and Line 1h on Schedule SFC.

8.  All Other Investments: Report the value of all other investment
    types not listed on lines 1 through 5 above in the appropriate
    column.

> TOTAL INVESTMENTS (Less Derivative Contracts)- Computed field, no
> input necessary. Includes total investments (lines 1 through 6, plus
> 8) by book value and fair value. Note: This number does not include
> Derivative Contracts and will correspond to Total Investments listed
> on Schedules SFC and A-3.

9.  Book Value of the Aggregate of Investments with Unmatched Embedded
    Options: Report the book value of all investments with unmatched
    embedded options. (Reference the definition of Embedded Options in
    NCUA Rules and Regulations Part 704.2). Investment assets with
    embedded options are considered matched if the corresponding
    liability exhibits mirrored (matched) characteristics.

# 

# SCHEDULE A-4: FIXED ASSETS

1.  Data Processing Equipment: Report the original purchase amount and
    accumulated depreciation of all data processing fixed assets in the
    appropriate column. The system will then calculate and note the net
    book value amount.

2.  Land and Building: Report the original purchase amount of land and
    the original purchase price and accumulated depreciation of all
    building fixed assets in the appropriate column. The system will
    then calculate and note the net book value amount.

3.  Furniture and Equipment: Report the original purchase amount and
    accumulated depreciation of all furniture and equipment (other than
    data processing equipment) fixed assets in the appropriate column.
    The system will then calculate and note the net book value amount.

4.  Leasehold Improvements: Report the original amount and accumulated
    depreciation of all leasehold improvements in the appropriate
    column. The system will then calculate and note the net book value
    amount.

5.  Leased Assets: Report the original amount and accumulated
    depreciation of all leased assets in the appropriate column. The
    system will then calculate and note the net book value amount.

6.  Other Fixed Assets: Report the original purchase amount and
    accumulated depreciation of all other types of fixed assets not
    listed on lines 1 through 5 above in the appropriate column. The
    system will then calculate and note the net book value amount.

TOTAL FIXED ASSETS - Computed field, no input necessary. The total
purchase amount and accumulated depreciated amount of all fixed assets
(lines 1 through 5). The total net book value figure equals the amount
listed on Schedule SFC line 1h.

# SCHEDULE A-5: ACCRUALS AND OTHER ASSETS

1.  Accrued Income on Loans: All accrued income on loan accounts.

2.  Accrued Income on Investments: All accrued income on investment
    accounts.

3.  Other Accrued Income: All other types of accrued income accounts not
    listed on lines 1 and 2 above including accrued income on the NCUSIF
    Capitalization Deposit.

> TOTAL ACCRUED INCOME - Computed field, no input necessary. The total
> of all accrued income accounts (lines 1 through 3 above).

4.  Goodwill: Enter the current amortized balance of goodwill.

5.  Other Assets: All other assets not listed on lines 1 through 4
    above, or on other schedules (e.g., accounts receivable, prepaid and
    deferred expenses, etc.).

6.  NCUSIF Capitalization Deposit: The account balance of the deposit in
    the National Credit Union Administration Share Insurance Fund.

> TOTAL ACCRUED INCOME AND OTHER ASSETS - Computed field, no input
> necessary. The total of all Accrued Income and Other Asset accounts
> (lines 1 through 5). This figure equals the amount listed on Schedule
> SFC line 1i.

**[SCHEDULE L-1: LIABILITIES]{.underline}**

1\. a. Borrowings from U.S. Central: All funds borrowed from USC (except
repurchase

and CLF borrowings).

b.  Borrowings from Other Corporates or Credit Unions: All funds
    borrowed from other corporates (except USC) and credit unions.

c.  Other Borrowings: All funds borrowed from institutions other than
    those listed on lines 1a and 1b above (e.g., banks).

d.  Commercial Paper: Borrowed funds resulting from the corporates
    commercial paper program.

e.  Loan from U.S. Central to Fund Purchase of CLF Stock: Borrowed funds
    from USC resulting from the stock financing arrangement with the
    CLF.

f.  Pass-Through Borrowings as CLF Agent: Funds borrowed using the CLF.

g.  Corporate Securities Sold Under Agreement to Repurchase from U.S.
    Central for Arbitrage: All borrowed funds from USC obtained by using
    the corporates own securities sold under agreement to repurchase for
    arbitrage.

h.  Member Securities Sold Under Agreement to Repurchase from U.S.
    Central for Arbitrage: All borrowed funds from USC obtained by using
    member securities sold under agreement to repurchase for arbitrage.

i.  Corporate Securities Sold Under Agreement to Repurchase from Others
    for Arbitrage: All borrowed funds from others (e.g., broker/dealers,
    banks, etc.) obtained by using the corporates own securities sold
    under agreement to repurchase for arbitrage.

j.  Members Securities Sold Under Agreement to Repurchase from Others
    for Arbitrage: All borrowed funds from others (e.g., broker/dealers,
    banks, etc.) obtained by using member securities sold under
    agreement to repurchase for arbitrage.

k.  Corporate Securities Sold Under Agreement to Repurchase from U.S.
    Central for Liquidity: All borrowed funds from USC obtained by using
    the corporates own securities sold under agreement to repurchase for
    liquidity.

l.  Member Securities Sold Under Agreement to Repurchase from U.S.
    Central for Liquidity: All borrowed funds from USC obtained by using
    member securities sold under agreement to repurchase for liquidity.

m.  Corporate Securities Sold Under Agreement to Repurchase from Others
    for Liquidity: All borrowed funds from others (e.g., broker/dealers,
    banks, etc.) obtained by using the corporates own securities sold
    under agreement to repurchase for liquidity.

n.  Member Securities Sold Under Agreement to Repurchase from Others for
    Liquidity: All borrowed funds from others (e.g., broker/dealers,
    banks, etc.) obtained by using member securities sold under
    agreement to repurchase for liquidity.

o.  Fed Funds Purchased from Other Corporates: All Funds funds purchased
    from other corporate credit unions.

TOTAL BORROWINGS - Computed field, no input necessary. The total of all
borrowings (lines 1a through 1o above). This figure equals the amount
listed on Schedule SFC, line 2a.

2.  Accounts Payable: All accounts payable accounts (e.g., draft
    clearings, taxes payable, undistributed payments, etc.). This figure
    must equal the amount listed on Schedule SFC, line 2b.

3.  Uncollected Deposits: All amounts due because of cash items in
    process of collection. This figure must equal the amount listed on
    Schedule SFC, line 2c.

4.  Dividends Payable on Shares and Certificates: All declared, but not
    yet distributed dividends on shares and certificates. This figure
    must equal the amount listed on Schedule SFC, line 2d.

5.  Interest Payable on Borrowings: All accrued interest payable on all
    borrowings (e.g., promissory notes, reverse repurchase agreements,
    etc.). This figure must equal the amount listed on Schedule SFC,
    line 2e.

6.  Derivative Contracts: Record only the Book Value of the Liability
    Derivative Contracts.

7.  Other Liabilities: All other liability accounts not listed on lines
    1 through 6 above. This figure must equal the amount listed on
    Schedule SFC, line 2g.

TOTAL LIABILITIES - Computed field, no input necessary. The total of all
liability accounts (lines 1 through 7 above). This figure equals the
amount listed on Schedule SFC - TOTAL LIABILITIES.

> TOTAL BORROWINGS SUBJECT TO NCUA RULES AND REGULATIONS LIMITATION -
> Computed field, no input necessary. All borrowing accounts (except CLF
> and borrowed funds created by the use of member reverse repurchase
> agreements).
>
> Ten Times Capital - Computed field, no input necessary. Ten times
> capital (e.g., reserves plus undivided earnings plus paid-in capital
> (PIC) plus membership capital shares, or equivalent accounts).
>
> Fifty Percent of Shares and Capital (less Shares Created by Member
> Reverse Repurchase Agreements) - Computed field, no input necessary.
> Fifty percent of shares (except shares created by the use of member
> reverse repurchase agreements) and Capital (e.g., reserves plus
> undivided earnings plus PIC plus membership capital shares, or
> equivalent accounts).

# SCHEDULE L-2: SHARES

Deposits from Member Credit Unions (Retail Corporates) and Deposits from
Member Corporate Credit Unions (Wholesale Corporates)

1.  Daily Shares: All deposits with maturities of one day from member
    credit unions.

2.  Time Certificates: All non-complex certificates of deposit of member
    credit unions.

3.  Step Ups: All step up certificates of deposit of member credit
    unions.

4.  Smart Floaters: All smart floater certificates of deposit of member
    credit unions.

5.  Amortizing Certificates: All amortizing certificates of deposit of
    member credit unions.

6.  FRAPs: All floating rate asset program certificates of deposit of
    member credit unions.

7.  Repurchase Certificates: All member credit union certificates of
    deposit purchased with the proceeds of the reverse repurchase
    program.

8.  Callable Certificates: All member credit union certificates with
    callable options.

9.  Other: All other types of shares and certificate accounts of member
    credit unions not listed on lines 1 through 8 above.

SUBTOTAL - Computed field, no input necessary. The total of all deposits
from member credit unions (lines 1 through 9 above).

Deposits from Other Corporates

10. Daily Shares: All deposits with maturities of one day from other
    corporates.

11. Time Certificates: All non-complex certificates of deposit of other
    corporates.

12. Step Ups: All step up certificates of deposit of other corporates.

13. Smart Floaters: All smart floater certificates of deposit of other
    corporates.

14. Amortizing Certificates: All amortizing certificates of deposit of
    other corporates.

15. FRAPs: All floating rate asset program certificates of deposit of
    other corporates.

16. Repurchase Certificates: All other corporates certificates of
    deposit purchased with the proceeds of the reverse repurchase
    program.

17. Callable Certificates: All corporate certificates with callable
    options.

18. Other: All other types of shares and certificates of other
    corporates not listed on lines 10 through 17 above.

SUBTOTAL - Computed field, no input necessary. The total of all deposits
from other corporates (lines 10 through 18 above).

Membership Capital

19. Qualifying Membership Capital: Funds contributed by members that are
    available to cover losses exceeding reserves, undivided earnings,
    and PIC.

20. Amortized Portion of Membership Capital under Notification: Amount
    of membership capital that has been amortized upon notification of
    intent to withdraw.

> SUBTOTAL -- Computed field, no input necessary. The total of all
> membership capital accounts (lines 19 and 20 above).

All Other Deposits

21. Nonmember Credit Union Deposits: All shares and certificates of
    deposit of nonmember credit unions.

22. Affiliate Deposits: All shares and certificates of deposit of
    affiliated parties (e.g., leagues, service corporations, chapters,
    CUNA, NAFCU, etc.).

23. Non-affiliate Deposits: All shares and certificates of deposit of
    parties not affiliated with trade associations and their service
    corporations.

24. Natural Person Deposits: All shares and certificates of deposits of
    natural persons.

> SUBTOTAL - Computed field, no input necessary. The total of all other
> deposits (lines 21 through 24).
>
> TOTAL SHARES - Computed field, no input necessary. The total of all
> share accounts (lines 1 through 24 above). This figure equals the
> amount listed on Schedule SFC, line 3.

NCUSIF Insured Shares

25. Total Insured Shares: The total of shares insured by the National
    Credit Union Administration Share Insurance Fund.

# SCHEDULE IS-1: INVESTMENT INCOME

1.  U.S. Government and Government Guaranteed Obligations: Monthly
    income earned on all investments in U.S. Government and government
    guaranteed obligations (e.g., U.S. Treasury Bills, U.S. Treasury
    Notes, U.S Treasury Bonds, etc.).

2.  Obligations of U.S. Government Sponsored Enterprises: Monthly income
    earned on all investments (except mortgage-backed pass through
    securities) in U.S. Government sponsored enterprises (e.g., Federal
    National Mortgage Association - FNMA, etc.)

3.  Central Liquidity Stock (Direct or Pass Through): Monthly income
    earned on all shares in the CLF (direct or agent membership).

4.  U.S. Central Obligations: Monthly income earned on all investments
    in USC (except income earned on the CLF Share Deposit).

5.  Other Corporate Credit Unions (Excluding U.S. Central): Monthly
    income earned on all investments in corporate credit unions other
    than USC.

6.  Natural Person Credit Unions: Monthly income earned on all
    investments in natural person credit unions.

7.  U.S. Banks: Monthly income earned on all investments in U.S. Banks.

8.  Foreign Banks: Monthly income earned on all investments in foreign
    banks.

9.  Securities Purchased under Agreement to Resell: Monthly income
    earned on all repurchases securities purchased from members or
    others under agreement to resell.

10. Spread Trade (Income derived from reverse repo/repo transactions
    qualifying for netting): The net of income derived from reverse
    repo/repo transactions qualifying for netting. (Reference FASB 41)

11. Government and Agency Related Issues: Monthly income earned on all
    investments in CMOs/REMICs backed by the government or
    government-sponsored enterprises (e.g., Government National Mortgage
    Association - GNMA, etc.).

12. Private Mortgage Related Issues: Monthly income earned on all
    investments in private mortgage related issues (e.g., CMOs/REMICs,
    pass through, etc.).

13. Asset Backed Securities: Monthly income earned on all investments in
    asset backed securities.

14. Mutual Funds: Monthly income earned on all investments in mutual
    funds.

15. Corporate Debt: Monthly income earned on all investments in
    corporate debts (e.g., commercial paper, notes, and bonds).

16. Municipal Securities: Monthly income earned on investments in
    municipal securities (e.g., state and local governments).

17. Corporate CUSOs: Monthly income earned on all investments in CUSOs,
    except for CUSOs that were eliminated due to consolidated financial
    statements.

18. Other Investments: Monthly income earned on all investments not
    listed on lines 1 through 17 above.

TOTAL INVESTMENT INCOME - Computed field, no input necessary. Monthly
income earned on all investments (lines 1 through 18 above). This figure
equals the amount listed on Schedule IS, line 1a.

**[SCHEDULE IS-2: NET REPURCHASE EARNINGS]{.underline}**

1.  Loan Interest Income Earned on Repurchase Transactions: All monthly
    loan interest earned on repurchase transactions.

2.  Investment Income Earned on Securities Purchased under Agreements to
    Resell: No input necessary flows from Schedule IS-1 line 9. All
    monthly investment income earned on securities purchased under
    agreement to resell. This figure must equal the amount listed on
    Schedule IS-1, line 9.

3.  Dividends Paid to Members on Repurchase Certificates: All dividends
    paid to members for the month on repurchase certificates.

4.  Interest Paid to U.S. Central on Repurchase Transactions: Interest
    expenses for the month paid to USC for the reverse repurchase
    program. This figure must equal the amount listed on Schedule IS-3,
    line 5.

5.  Interest Paid to Others on Repurchase Transactions: Interest
    expenses for the month paid to others (e.g., broker/dealers, banks,
    etc.) for reverse repurchase transactions. This figure must equal
    the amount listed on Schedule IS-3, line 6.

> NET REPURCHASE EARNINGS - Computed field, no input necessary. Loan
> interest income earned on repurchase transactions (line 1) plus
> investment income earned on securities purchased under agreement to
> resell (line 2) minus dividends paid to members on repurchase
> certificates (line 3) minus interest paid to USC on repurchase
> transactions (line 4) minus interest paid to others on repurchase
> transactions (line 5).

NOTE: This schedule is used to determine the profitability of corporates
repurchase program. Net repurchase earnings does not tie in or flow to
other schedules.

# 

# SCHEDULE IS-3: COST OF FUNDS

1.  Dividends on Shares and Certificates: Dividend expenses for the
    month on all shares and certificates of deposit (except repurchase
    certificates).

2.  Dividends Paid to Members on Repurchase Certificates: No input
    necessary, flows from Schedule IS-2, line 3. Dividend expenses for
    the month for repurchase certificates. This figure must equal the
    amount listed on Schedule IS-2, line 3.

3.  Interest on Borrowings: Interest expenses for the month for all
    borrowed funds (except repurchase notes).

4.  Interest Paid to U.S. Central on Repurchase Transactions: No input
    necessary flows from Schedule IS-2, line 4. Interest expenses for
    the month paid to USC for on reverse repurchase transactions.

5.  Interest Paid to Others on Repurchase Transactions: No input
    necessary flows from Schedule IS-2, line 5.

TOTAL COST OF FUNDS - Computed field, no input necessary. The total of
all cost of funds accounts (lines 1through 5 above). This figure equals
the amount listed on Schedule IS, line 2.

# SCHEDULE IS-4: INVESTMENT GAINS AND LOSSES

1.  Gain/Loss on Trading Portfolios: Enter monthly net gain or loss on
    trading portfolio transactions. A minus sign must be entered before
    entering the dollar amount if the account balance is a loss. This
    figure flows to Schedule IS, line 1c.

2.  Gain/Loss on Investments: The monthly gains and losses realized from
    the sale of investments. A minus sign must be entered before
    entering the dollar amount if the account balance is a loss. This
    figure flows to Schedule IS, line 3c.

# SCHEDULE IS-5: OPERATING EXPENSES

Personnel

1\. a. Salaries: All salaries paid directly to employees or reimbursed
to others (e.g.,

leagues, service corporations, etc.) for the month.

b.  Employee Benefits: All employee benefits (e.g., pension plan costs,
    employer's social security taxes, unemployment compensation taxes,
    etc.) for the month paid directly to employees or reimbursed to
    others (e.g. leagues, service corporations, etc.)

c.  Other: All other personnel expenses for the month not listed on
    lines 1a and 1b above.

> SUBTOTAL - Computed field, no input necessary. Total of all personnel
> expenses (lines 1a through 1c above).

Training, Travel, and Communications

2\. a. Travel and Conference: All employees' and officers' expenses for
travel and attendance at conferences and other meetings for the month.

b.  Education and Promotion: All advertising, publicity, and promotion
    expenses for the month.

c.  Telephone: All telephone expenses for the month.

d.  Postage: All postage charges for the month.

e.  Other: All other communication related expenses for the month not
    listed on lines 2a through 2d above.

SUBTOTAL - Computed field, no input necessary. Total of all training,
travel, and communications expenses (lines 2a through 2e above).

Fees

3\. a. League Dues: All membership dues paid to leagues for the month.

b.  League Support Payments: All support payments paid to leagues for
    the month.

c.  Professional and Outside Services: All professional and outside
    services (e.g., legal fees, audit fees, accounting services,
    management and consultant fees, etc.) for the month.

d.  Federal/State Operating Fee: The supervisory operating fee paid to
    the National Credit Union Administration or applicable state
    regulatory agency for the month.

e.  Investment Advisory Fees: All fees paid for investment advisory
    services for the month.

f.  Other: All other fees for the month not listed on lines 3a through
    3e above.

SUBTOTAL - Computed field, no input necessary. Total of all fees (lines
3a through 3f above).

Furniture and Equipment

4.  a\. Leased Data Processing Equipment: All data processing equipment
    lease expenses for the month.

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b.  Leased Furniture and Equipment: All furniture and equipment lease
    expenses (except data processing equipment) for the month.

c.  Maintenance of Furniture and Equipment: All maintenance expenses for
    furniture and equipment for the month.

d.  Depreciation of Data Processing Equipment: Single period (month)
    amortization of data processing equipment.

e.  Depreciation of Furniture and Equipment: Single period (month)
    amortization of all furniture and equipment (except data processing
    equipment).

f.  Other: All other furniture and equipment expenses for the month not
    included on lines 4a through 4e above.

SUBTOTAL - Computed field, no input necessary. The total of all
furniture and equipment expenses for the month (lines 4a through 4f
above).

Occupancy

5\. a. Office Lease Costs: All occupancy lease expenses (e.g., rent) for
the month.

b.  Utilities: All utilities expenses (e.g., electricity, gas, water,
    trash collection, etc.) for the month.

c.  Hazard Insurance: All insurance expenses for leased space or owned
    building for the month.

d.  Building Maintenance: All building maintenance expenses for the
    month.

e.  Real Estate Taxes: All real estate taxes for the month.

f.  Building Depreciation: Single period (month) amortization of the
    building.

g.  Leasehold Improvements Depreciation: Single period (month)
    amortization of leasehold improvements.

h.  Other: All other occupancy expenses for the month not included on
    lines 5a through 5g above.

SUBTOTAL - Computed field, no input necessary. The total of all
occupancy expenses (lines 5a through 5h above).

6.  Provision for Loan Loss: Enter the monthly provision for loan loss
    expense.

7.  All Other Expenses: The total of all other expense accounts not
    included on lines 1 through 6 above.

TOTAL OPERATING EXPENSES - Computed field, no input necessary. The total
of all expense accounts (lines 1 through 7 above). This figure flows to
Schedule IS, line 4.

# SCHEDULE C-1: CAPITAL AND NET ECONOMIC VALUE (NEV) MEASURES

1\. a. Qualifying Membership Capital, Net of Amortization: No input
necessary,

flows from Schedule L-2, line 17. Funds contributed by members that are

available to cover losses exceeding reserves, undivided earnings, and

PIC.

b.  Corporate Reserves: The total of statutory reserves. This figure
    flows to Schedule SFC line 4a.

c.  Other Reserves: The total of all other reserve accounts. This figure
    flows to Schedule SFC line 4b.

d.  Other Comprehensive Income (Equity):

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1.  Accumulated Unrealized Gain/Loss on AFS Securities: The accumulated
    unrealized gain/loss on AFS account balances. A minus sign must be
    entered before inputting the dollar amount if the dollar amount of
    the account balance is a loss. This figure flows to Schedule SFC,
    line 4.c.1.

2.  Accumulated FASB 133 Adjustments: The deferred amount
    representing; a) the effective portion of gain or loss from the
    "cash flow ledge", and b) the gain or loss from foreign currency
    hedges. This figure flows to Schedule SFC, line 4.c.2.

3.  Other Comprehensive Income Items: This figure must capture any
    "Other Comprehensive Income (Equity) not included in 1 and 2, above.
    This figure flows to Schedule SFC line 4.c.3.

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e.  Undivided Earnings: The accumulated income or surplus after the
    corporates books have been closed. This figure flows to Schedule SFC
    line 4d.

f.  Accumulated Net Income/Loss: The accumulated net income/loss if the
    corporate does not close its book on a monthly basis. A minus sign
    must be entered before entering the amount if the account balance is
    a loss. This figure flows to Schedule SFC line 4e.

g.  Paid-In Capital (Members): The amount of PIC purchased by members.
    This figure flows to Schedule SFC line 4f.

h.  Paid-In Capital (Non-Members): The amount of PIC purchased by
    non-members. This figure flows to Schedule SFC line 4g.

i.  Retained Earnings: This figure includes Corporate Reserves, Other
    Reserves, Undivided Earnings, and Accumulated Net Income/Loss.

j.  Total Capital Dollars: The total amount of Retained Earnings,
    Paid-In-Capital, and Qualifying Membership Capital. No input is
    necessary, as this field is automatically calculated.

2\. a. Retained Earnings Ratio: Computed field, no input necessary. The
ratio of

reserves, undivided earnings, and other appropriations designated by

management or regulatory authorities to moving DANA (Daily Average Net

Assets). This ratio will not calculate until the Moving DANA amount is

entered on Schedule M-2, line 1b.

b.  Core Capital Ratio: Computed field, no input necessary. The ratio of
    Retained Earnings and PIC to Moving DANA. This ratio will not
    calculate until the Moving DANA amount is entered on Schedule M-2,
    line 1b.

c.  Capital Ratio: Computed field, no input necessary. The ratio of all
    capital accounts (retained earnings, paid-in capital, and membership
    capital) to Moving DANA. This ratio will not calculate until the
    Moving DANA amount is entered on Schedule M-2, line 1b.

3**.** a. Date of Most Recent NEV Simulation: Enter the date of the most
recent NEV

Simulation Model run.

b.  Base Case NEV (\$): Enter the base case NEV amount from the most
    recent NEV simulation.

c.  NEV Ratio: Enter the NEV ratio resulting from the most recent NEV
    simulation.

d.  Percentage NEV Change - Plus (+) 300 bps: Enter the NEV volatility
    measure in an instantaneous, permanent, and parallel plus (+) 300
    bps shock.

e.  Percentage NEV Change - Minus (-) 300 bps: Enter the NEV volatility
    measure in an instantaneous, permanent, and parallel minus (-) 300
    bps shock.

f.  Expanded Authority Operating Level: Enter all applicable NCUA
    approved investment authority levels from the options listed. At
    least one or more options must be entered to avoid a critical error.
    Number 8 has been added for Part 5 Natural Credit Union Loan
    Participation Programs.

**[SCHEDULE M-1: OFF BALANCE SHEET DATA]{.underline}**

Derivative Instruments

a\. Futures: Report the total notional amount, fair value, and weighted
average

maturity of all outstanding futures contracts in the appropriate column.

b.  Swaps: Report the total notional amount, fair value, weighted
    average maturity and net credit exposure (estimated credit risk
    equivalent of all transactions taking into consideration any
    bilateral netting agreements).

c.  FRAs (Forward Rate Agreements): Report the total notional amount,
    fair value, average maturity and net credit exposure (estimated
    credit risk equivalent of all transactions taken into consideration
    any bilateral netting agreements).

d.  Options: Report the total premium amount, fair value, weighted
    average maturity and net credit exposure (estimated credit risk
    equivalent of all transactions taking into consideration any
    bilateral netting agreements).

e.  Other: Report the total notional amount, fair value, weighted
    average maturity and net credit exposure (estimated credit risk
    equivalent of all transactions taken into consideration any
    bilateral netting agreements).

TOTAL - Computed field except for "Weighted Average Maturity, which will
reflect N/A." No input necessary. The total of all off balance sheet
financial instruments by notional amount, fair value, and net credit
exposure (lines 6a through 6e above). The total of the "fair value"
column must agree with Schedule SFC line 1h minus 2f, otherwise a
critical error will be prompted.

Derivative effectiveness testing must be performed monthly, before
reporting 5310 data to OCCU.

# SCHEDULE M-2: MISCELLANEOUS

1\. Daily Average net Assets (DANA) -

a.  Current report period DANA: Report the daily average of net assets
    calculated for each day during the month. Net assets mean total
    assets less CLF stock subscriptions, CLF loans guaranteed by the
    NCUSIF, USC CLF certificates, and member reverse transactions.

b.  Twelve-month moving DANA: Report the twelve-month daily average net
    asset figure. It is the intent of Part 704 to require the
    calculation of moving DANA using only corporate credit union assets.
    Therefore, moving DANA is to be calculated using unconsolidated
    assets.

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2.  Number of All Current Members: Report the number of current members
    (not number of accounts).

3.  Number of All Credit Union Members: Report the number of current
    credit union members.

4.  Number of Full Time Employees (or Full Time Equivalent): Report the
    number of full time or full time equivalent employees (those that
    work 26 hours or more per week).

5.  Number of Part Time Employees: Report the number of part time
    employees (those that work 25 hours or less per week).

6.  Does the Corporate Share Expenses with an Affiliated Group (Enter 1
    for No, 2 for Yes): Report the number 1 if the corporate does not
    share expenses with an affiliated group (e.g., league, service
    corporation, chapter, CUNA, NAFCU, etc.). An affiliated group does
    not include a Corporate CUSO that is wholly owned.

7.  Date of Most Recent Audit and Verification (e.g. 12/31/1999): If the
    date is December 31, 1999, report the date as 12/31/99.

8.  Corporate Developed: Bonds Borrowed Program with Member Natural
    Person Credit Unions (Enter 1 for No, 2 for Yes) - Report the number
    1 if the corporate does not have a bonds borrowed program in effect
    with its member natural person credit unions.

9.  Does the Corporate have a Website on the Internet? (Enter 1 for No,
    2 for Yes) - Report the number 2 if the corporate has an active
    website on the internet.

10. Is the Corporate's Website Interactive (Ability to Conduct
    Business)? (Enter 1 for No, 2 for Yes, 3 for N/A) - Enter 3 for N/A
    if the answer to line 9 above was No (1).

11. Investments in Corporate CUSOs (If the corporate prepares
    consolidated financial statements): Enter the amount that was
    eliminated as a result of the consolidation.

12. **I**s your corporate subject to the earning retention requirement
    of Section 704.3(i): Current earning retention requirements are
    based upon retained earnings ratios calculated using last month's
    financial data.

13. Date of most recent disaster recovery date (i.e., 12/31/2006, etc.).

14. **Core data processing system (1.e., CCUN, etc.)**

15. **Core data processing service type (i.e., in-house, service bureau,
    etc.)**

16. Date of most recent NEV modeling validation (i.e., 12/31/2006, etc.)

17. Dollar amount of loans to corporate CUSOs (Only if the corporate
    prepares consolidated financial statements and this amount was
    eliminated as an inter-company transaction).

**[SCHEDULE M-3: CORPORATE CONTINUITY OF OPERATIONS
INFORMATION]{.underline}**

**This schedule has been changed to capture the following critical
continuity of operations data on each corporate regarding:**

a.  **Primary contact person;**

b.  **Secondary contact person;**

c.  **Vital records Center;**

d.  **Disaster recovery site; and**

e.  **Branch information.**

**No instructions are needed.**

**[SCHEDULR M-4: CORPORATE CONTACT DATA]{.underline}**

This schedule has been changed from Schedule M-3 to M-4. No instructions
are necessary.

bcc: Reading

All OCCU Staff

Draft- s:/WIP/Office Staff/Curtis/5310 System/2008 5310/2008 NCUA
Revised Mid-Year 5310 Call Report instructions.

Final- s:/Programs/5310/Instructions/2008 Revised Mid-Year 5310
Instructions.