The NCUA sets a new call report schedule to give credit unions more time to file.
Credit unions will only be required to submit aggregate CUSO loan and investment information on their call reports.
Editorial commentary on current issues from CU Times' editorial staff and correspondents.
The number of credit unions filing late reports in Q3 2015 increases by 12 compared to Q2 2015.
Of the 56 late filing credit unions, 20 were excused, 28 consented to fines, and eight refused and will receive administrative hearings.
A total of $12,820 in civil money penalties will go to the U.S. Treasury.
The top ROA-generating credit union in the nation has just $47 million in assets. Read how Southwest Financial FCU achieved the feat.
The NCUA says third quarter filings are down from 75 in the second quarter.
The NCUA is reviewing the second quarter violators to determine how many have mitigating circumstances that would wave penalties.
ALEXANDRIA, Va. — NCUA says threat of fines leads to drop from more than a thousand to about 100.