Tuesday, February 4, 2020

Six CUs Fined for Late Filing Quarterly Call Report for Q2 2019

The National Credit Union Administration reported on February 3 that six federally insured credit unions agreed to civil money penalties for filing late Call Reports for the second quarter of 2019.

Individual penalties ranged from $150 to $757. The median penalty was $330.

All six credit unions had assets of $50 million or less.

All six credit unions had previously failed to file a Call Report in a timely manner.

Read more.

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