The NCUA announced on May 5 that 28 federally insured credit unions were fined for filing late fourth quarter 2014 call reports.
The number of late filers is down from 31 credit unions that missed the deadline for filing third quarter 2014 call reports.
The late filers will pay a total of $13,650 in penalties. Individual penalties range from $150 to $6,752. The median penalty was $187.50. The Federal Credit Union Act requires the NCUA to send any funds received through civil money penalties to the U.S. Treasury.
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