Central Keystone Federal Credit Union was spending too much time, often two full days, completing the NCUA-required 5300 Call Report. The credit union was eager to reduce the time and effort needed to complete this quarterly task and also to free up staff to work directly with members.
Central Keystone was one of the first credit unions to implement Wisdom: 5300 Call Report Assistant. By seamlessly integrating with the Charlotte account processing platform and pulling data from other sources the credit union uses, the solution automatically gathers nearly all of the data Central Keystone needs for report preparation, practically eliminating manual data entry.
Since leveraging the fully integrated Wisdom: 5300 Call Report Assistant solution and renewing its many-year commitment in December 2012, the credit union has improved operations in key ways: