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12 CUs Consent to Penalties for Late Filing Q1 Call Reports "Credit News 24"

Twelve credit unions consented to penalties totaling $2,853 for late filing their Call Reports in the first quarter of 2018, according to the National Credit Union Administration.

A year earlier, 30 credit unions agreed to penalties.

Individual penalties for the first quarter ranged from $74 to $382. The median penalty was $229.

Of the 12 credit unions agreeing to pay penalties for the first quarter, 11 had assets of less than $10 million, and one had assets between $10 million and $50 million. No credit unions with assets of more than $50 million filed late Call Reports.

Six of the late-filing credit unions had been late in a previous quarter.

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Title : 12 CUs Consent to Penalties for Late Filing Q1 Call Reports "Credit News 24"
link : 12 CUs Consent to Penalties for Late Filing Q1 Call Reports "Credit News 24"