The NCUA said Monday that 75 federally insured credit unions face possible fines for filing late call reports for the second quarter.
Four of the credit unions also filed late call reports in the first quarter and 63 have assets of less than $50 million. In total, 55 were federal credit unions and 20 were state chartered.
"(The) NCUA is reviewing the cases to determine whether any of the late filers have mitigating circumstances that warrant a waiver of penalties," the agency said in a release. "(The) NCUA expects to notify late filers in September of the penalties they face."
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