WASHINGTON (7/31/13)--Credit unions can discuss whether they support the National Credit Union Administration's proposed e-filing regulation, and can detail any unintended consequences the proposed rule could create for them, in a new Credit Union National Association comment call.
Credit unions that currently file their reports manually can also address whether the regulation will create undue hardship for them.
The proposed rule, released at the NCUA's July open board meeting, would require all federal credit unions to electronically file their financial, statistical and other reports. If the rule is adopted, the reports would have to be filed using the agency's information system or other means specified by NCUA.
Manual filing would no longer be an option.
A computer with internet access and an e-mail address are all that would be needed to comply with this rule, the agency stressed last week.
CUNA has asked that credit unions forward all comments by Aug. 15.
For the full CUNA comment call, use the resource link.