Saturday, May 23, 2020

499 CUs Had Not Filed Call Reports as of May 15

S&P Global Market Intelligence is reporting that a number of credit unions took advantage of the regulatory delay in filing their call reports during the coronavirus pandemic.

The National Credit Union Administration extended the deadline for federally insured credit unions that file call reports to May 26 from April 26.

According to S&P Global Market Intelligence, 499 credit unions or 9 percent of all federally-insured credit unions had not filed their first quarter 2020 call report as of May 15.

These credit unions held over 8 percent of the industry's assets, based upon December 31, 2019 call reports.

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