Credit Unions

Regulatory Filings

Pursuant to Section 127 of the Financial Institutions Act (FIA) and Section 20 of the Capital Requirements Regulations, a credit union is required to file electronically the following items with FICOM by the specified deadline.

The filings and returns listed below are subject to Non-Compliant Filings Administrative Penalty.


Name of Filing or Return FIA Section Number of Days to
File/Due Dates
Monthly    
Monthly Financial and Statistical Return(MFSR) FIA s.127(3) Within 20 days of month end
Quarterly    
Quarterly Financial and Statistical Return (QFSR) FIA s.127(3)  Within 20 days of quarter end
Residential Mortgage Loans Report (RMLR)
Completion Guide
Template (macro enabled Excel)

FIA s.127(3)  Within 30 days of quarter end
Annual    
Annual Financial and Statistical Return (AFSR) FIA s.127(1) Within 90 days of Credit Union's financial year end
Consolidated and Comparative Audited Financial Statements FIA s.127(1)

Within 90 days of Credit Union's financial year end

Unconsolidated and Comparative Audited Financial Statements for the Credit Union and each Subsidiary FIA s.127(1) Within 90 days of Credit Union's financial year end
Copy of Resolution of Directors Approving the Year-End Filings FIA s.127(1) Within 90 days of Credit Union's financial year end
Capital Adequacy Return FIA s.127(1) Within 90 days of Credit Union's financial year end
Other    
Investment Lending Policy (ILP) Amendment FIA s.127(2) Within 5 days from BOD approval
Personal Information Return (PIR) for Senior Officers and Directors FIA s.105 Prior to senior officer or director commencing duties

There are other filings and returns that are subject to penalties in the Administrative Penalties Regulation (APR).

The APR sets out which provisions of the FIA are subjects to penalty, who can be liable for a penalty, and the maximum amount that can be ordered. Please refer to Administrative Penalties Regulation for more information.

Issued for Consultation
Draft Credit Union Financial and Statistical Return FSR (revised May 2017)
Letter sent May 17, 2017 to All CFO's and Finance Managers in B.C.
Change Control Log
Draft Completion Guide
Draft Template