Seeking guidance how to bring what I believe is a data feed error to this websites attention for a data discrepancy I believe I have identified. I posted this comment in the specific blog post comment section on this website when the new Q1 ‘23 regulatory reports were released last month and noted by DepositAccounts.com and I sent an email to the web host. Unfortunately the data is still incorrect i I have not had a email reply.
Thoughts? I wouldn’t want anyone who relied on this info to not be informed. Just trying to help!
My prior post……..
Ken. Sorry to bring this to your attention but Please have the team recheck the Equity capital figures for Navy Federal credit union quoted on this site Health section for q1 2023 $22.4 billion and the resultant capitalization ratios 13.49%. I believe the figures do not reflect fairly (over stated) what is quoted on their website $13.3 billion and as is in the filed financials filed with the regulators for q1 2023. Unfortunately this is a material difference for readers who might rely on. I believe there was an issue with importing Navy’s financials at one time. Might need to revisit it again. Thanks.
A quick review. I think maybe the Accumulated unrealized gains (losses) on available debt securities and Other comprehensive income losses were treated as positive figures ie gains and not losses or negative figures and thus not netted against other equity when imported into your site. Might be a simple coding issue. And then the capital ratio calculations would follow accurately when the underlying data was corrected
Obviously from my prior post on this topic I am focused on AOCI Thx!
