Friday, October 5, 2018

10 Credit Unions Penalized for Late Filing Call Reports

Ten federally insured credit unions agreed to civil monetary penalties for filing late Call Reports in the first quarter of 2018, according to the National Credit Union Administration.

The penalties totaled $4,133.

Individual penalties for the first quarter of 2018 ranged from $150 to $920. The median penalty was $415.

Eight of the 10 credit unions that agreed to pay penalties for the first quarter had assets of less than $10 million. One credit union had assets between $10 million and $50 million, and one credit union had assets between $50 million and $250 million.

All 10 had been late in at least one prior quarter.

Read the press release.
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