Tuesday, May 23, 2017

25 CUs Fined for Late Filing Q4 2016 Call Report

Twenty-five federally insured credit unions have consented to pay civil monetary penalties for filing late Call Reports in the fourth quarter of 2016.

Total penalties assessed by the National Credit Union Administration totaled $10,365.

Individual penalties ranged from $151 to $2,509. The median penalty was $253.

Of the 25 credit unions agreeing to pay penalties for the fourth quarter of 2016:
  • Eleven had assets of less than $10 million;
  • Nine had assets between $10 million and $50 million;
  • Four had assets between $50 million and $250 million; and
  • One had assets greater than $250 million.

Four of the late-filing credit unions had been late in a previous quarter.

Read the press release.

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