Wednesday, July 22, 2015

15 CUs Fined for Filing Call Reports Late in Q1 2015

The National Credit Union Administration announced that 15 credit unions were fined for filing their call reports late for the first quarter of 2015.

In comparison, 62 credit unions consented to civil money penalties a year earlier.

The late filers will pay penalties ranging from $45 to $943. The median penalty was $195.

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

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