ALEXANDRIA, Va. (8/28/13)--Credit unions have until Sept. 3 to comment on a National Credit Union Administration proposal to require all federally insured credit unions (FICUs) to file financial, statistical, and other reports and credit union profiles with the agency only electronically.
The current rule allows FICUs to file these reports electronically or by manually sending the information to the NCUA. Credit unions are only required to file financial information online only if they have the capacity to do so, but under the proposal all FICUs would have to maintain a computer with internet access and an e-mail address.
When the agency proposed the change at its July 25 open board meeting, staff noted that a 30-day public comment timeframe, rather than the more-typical 60-days, would be sufficient for what the agency considers a "simple change.'
The Credit Union National Association issued a Comment Call seeking credit unions' views on the proposal and will be submitting a letter of comment with the agency later this week.
Use the resource links to access that and other CUNA Comment Calls, as well as the Federal Register document regarding the e-filing proposal.