The National Credit Union Administration announced that 39 credit unions consented to civil money penalties for late filing their second quarter Call Report. This is up from 12 credit unions in the first quarter of 2017 and 24 credit unions from a year ago.
Total penalties were $10,150.
Individual penalties for the second quarter ranged from $57 to $908. The median penalty was $229.
Twenty-nine credit unions had assets of less than $10 million; nine credit unions had assets between $10 million and $50 million; and one credit union had assets between $50 million and $100 million.
Ten credit unions were a repeat offender.
Read the press release.
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