Just one additional business day to file call reports isn't enough, according to initial reactions to an NCUA release Monday that announced new deadlines for the second and third quarters.
"The assumption was that we were going to get an additional five days," Boston Firefighters Credit Union President/CEO Bernie Winne said. The Dorchester, Mass.-based credit union has almost $235 million in assets.
The NCUA released new call report deadlines intended to alleviate some of the problems credit unions said they faced as a result of the upcoming July 4th holiday and other calendar anomalies. Second quarter call reports will now be due by 11:59:59 p.m. Eastern time on Monday, July 25. They were previously due on July 22.
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