Thursday, October 23, 2014

NCUA Fines 44 Credit Unions for Late Filing Their Call Reports​

The National Credit Union Administration fined 44 credit unions for missing the deadline to file their second-quarter Call Reports.

The late filers will pay a total of $17,111 in penalties. Individual penalties range from $52 to $1,824. The median penalty was $256.

The size of the civil penalty depended on three factors: the credit union’s asset size, its recent Call Report filing history and the length of the delay.

Four of the credit unions assessed penalties had been late in the previous quarter.

Read the press release.

For a list of late filers, click here..
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