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.
The NCUA says it will impose civil money penalties on credit unions that don't file 5300s by Friday.
Review key results from NCUA fourth quarter call report data released March 3.
Despite warnings and threats of fines next quarter, hundreds credit unions still filed their December 2013 call reports late.