Thirty federally insured credit unions were penalized for filing required call reports late during the first quarter of the year – twice as many as in the first quarter of 2015, the NCUA announced.
The 30 credit unions agreed to pay penalties totaling $20,036, the agency said.
"I'm disappointed the number of late filers has risen," NCUA Board Chairman Rick Metsger said. "While we are still far below the levels of late filers of just a few years ago, the goal remains full compliance.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
