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Accounting			        Manual for Federal Credit Unions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     

Credit unions with under $10 million in assets are provided this Accounting Manual					        for Federal Credit Unions as a guide in accounting					        for financial transactions and reporting. In accordance					        with the *Credit Union Membership Access Act* (CUMAA), credit unions with $10 million or more in assets must follow generally					        accepted accounting principles (GAAP) in the call					        reports they file with  NCUA. These credit unions					        should not look to this Manual,					        but should seek the advice of an independent accountant					        to gain a full understanding of GAAP and its implementation.

The manual may be adopted					        by federally insured, state-chartered credit unions					        (FISCUs) under $10 million in assets at the option					        of the credit unions and their					        state supervisor.

 Address any questions			        or comments to the                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       Office of Examination and Insurance (EIMAIL@ncua.gov). 

  
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