104 CUs Late Filing Call Reports, Face Fines

The National Credit Union Administration (NCUA) announced that 104 credit unions were late filing their first quarter 2014 Call Reports.

The agency in January warned credit unions that beginning with the first quarter 2014 Call Report that it would assess civil money penalties against credit unions for filing their Call Reports late.

NCUA is in the process of reviewing each late filing to determine the assessments and whether any mitigating factors exist to warrant forbearance.

NCUA will make public the names of late filers at a later date.

The following table summarizes the number of late filers by charter type, asset size, and days late.

Read the press release.