Only 4 state-chartered SCUs face late call report filing penalties

The Federal Financial Institutions Examination Council (FFIEC), comprised of NCUA and Federal Banking Agencies (FBAs), continues to monitor and respond to the COVID-19 pandemic to promote the ongoing ability of the nation’s financial institutions to support the households and businesses that depend on them.

Following the lead of state regulators, NCUA released a letter providing federal credit unions with annual meeting flexibility.

Asserting its concern for the health and safety of all NCUA staff, credit union staff, and credit union members, NCUA released LTCU 20-CU-02 regarding COVID-19.