Credit unions will pay a total of $57,750 in civil money penalties for filing their call reports late, according to the NCUA.
The NCUA informed 84 credit unions of the penalties they faced in June. The credit unions had the option to sign a consent agreement to cut their fines in half or face the agency in an administrative hearing.
Out of the 84 credit unions that received a letter from the NCUA after filing late, 62 consented to the fines. In total, 38 of the credit unions have assets below $10 million, 18 have assets between $10 million and $50 million, and 6 are between $50 million and $250 million.
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