In comparison, 14 credit unions consented to civil monetary penalties a year ago.
The total amount of fines paid were $9,364. Individual penalties ranged from $150 to $1,057. The median penalty was $303.
Of the 24 credit unions agreeing to pay penalties for the second quarter of 2016:
- Sixteen had assets of less than $10 million;
- Five had assets between $10 million and $50 million; and
- Three had assets between $50 million and $250 million.
NCUA informed late filing credit unions that their fines could be reduced if they signed a consent agreement.
Read the press release.
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