A call report process review could result in optional sections for small credit unions.
The NCUA announces new deadlines for second and third quarter call reports that provide an extra business day.
The agency plans to postpone the Q2 deadline to accommodate July 4th and implement end-of-month deadlines by year-end.
The number of late filers penalized by the NCUA in Q4 2015 matches the one reported in Q3 2015.
Leaders call on the NCUA to adopt deadlines similar to those practiced by banks.
An NCUA email with an incorrect call report due date prompts CCUA CEO Paul Gentile to ask for parity with banks.
New software imports information directly from credit unions’ general ledgers.
Of the 56 late filing credit unions, 20 were excused, 28 consented to fines, and eight refused and will receive administrative hearings.
Only two of the 44 late in the second quarter are repeat offenders from the first quarter.
The proposed annual report requires data that could be gained from existing call reports.