The NCUA missed the deadline once again for an annual report to Congress mandated by the Federal Credit Union Act.
"Not later than April 1 of each calendar year, and at such other times as the Congress shall determine, the board shall make a report to the president and to the Congress," the text of the law read. "Such a report shall summarize the operations of the administration and set forth such information as is necessary for the Congress to review the financial program approved by the board."
The NCUA filed the annual report to Congress late last year on May 12. In 2013, the report was released on May 14 and in 2012, it was published on July 3.
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