22 Credit Unions Fined for Late Filing Call Report in Q4 2015

Twenty-two federally insured credit unions have consented to civil monetary penalties for filing late Call Reports in the fourth quarter of 2015.

The late filers will pay a total of $13,548 in penalties. Individual penalties range from $157 to $2,580. The median penalty was $356.

Of the 22 credit unions agreeing to pay penalties for the fourth quarter of 2015:

• Fifteen had assets of less than $10 million;
• Five had assets between $10 million and $50 million; and
• Two had assets between $50 million and $250 million.

Seven of the late-filing credit unions had been late in a previous quarter. Read the press release. Here is the list of late filing credit unions that consented to a civil monetary penalty.