NASCUS Files Comments on NCUA's Mandotory Electronic Filing Proposal
September 4 In July, NCUA published for comment a proposed rule to require all regulatory mandated reports from federally insured credit unions (FICUs) to be filed electronically. You may find links the proposed rule and NASCUS' summary on the NASCUS website.
The proposed change would affect 59 FICUs that filed manually as of March 31, 2013 (out of 6,753 FICUs). Most of the manual filers (45) had less than $2 million in assets and most were federal credit unions (FCUs). To view NASCUS' comment letter, click here.