“Now that they have stepped up the enforcement with fines, why not be a little more reasonable with the timeline?” Gentile said.

Changing the call report timeline would greatly benefit small credit unions, he said. The league president added he had previously called upon the agency to look at the issue but received no update.

“When I saw the email go out with the incorrect date, it spurred that issue again,” he added.

With two fewer days in the first half of January – the first and the eighteenth were holidays – there are only 14 days to work on the call reports.

The NCUA should add this issue to its board meeting agenda and bring it up for discussion, Gentile said.

“This isn't something that should take six months to analyze and evaluate. It would be pretty simple to look at the banks' schedule, the extended time they have, and consider why we don't have that extended time and look at a proposal to adjust it,” he said.

NCUA Public Affairs Specialist John Fairbanks confirmed that the reminder email to credit unions had the wrong date.

“There is a corrected one coming out,” he said. “There was a technical error that kicked out an email that said the 21st. That's being fixed.”

Fairbanks did not comment on Gentile's call-to-action to address the call report timetable.