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News Now

Washington
NEW: 62 CUs to pay total $57,750 for late-filing penalties
ALEXANDRIA, Va. (8/5/14, UPDATED 2:28 p.m. ET)--Sixty-two credit unions were identified by the National Credit Union Administration as being subject to civil money penalties for the late filing of their first-quarter Call Reports and all 62 have consented to those penalties, the National Credit Union Administration announced today.
 
Those late filers will pay a total of $57,750 in penalties, with individual penalties ranging, the NCUA said, from $150 to $20,000. The median fine was $243. Under federal law any funds from civil money penalties must be sent to the U.S. Treasury.
 
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