ALEXANDRIA, Va. (1/28/16)--National Credit Union Administration (NCUA) Chair Debbie Matz Wednesday urged credit unions that are encountering difficulties meeting call report filing deadlines to take advantage of the assistance NCUA offers.
Matz announced that 22 federally insured credit unions subject to civil monetary penalties for filing late call reports in the third quarter of 2015 have consented to penalties. That is down from 31 in the third quarter of 2014, but not the lowest quarterly figure reported. For instance, 14 agreed to penalties for filing late second-quarter 2015 reports.
The new round of late filers will pay a total of $18,682 in penalties, with individual payments ranging from $115 to $10,000. The median fine was $330. Civil monetary penalties are paid to the U.S. Treasury.
Of the 22 credit unions agreeing to pay penalties:
Three of the late-filing credit unions had been late in a previous quarter.
A list of credit unions filing late in the third quarter and agreeing to pay civil monetary penalties is available online here.