Credit Unions

Regulatory Filings

Pursuant to the Financial Institutions Act (FIA) and Section 20 of the Capital Requirements Regulation, a credit union is required to file electronically the following items with BCFSA 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)
Completion Guide
Change Control Log
Template (macro enabled Excel)

FIA s.127(3) Within 20 days of month end
Liquidity Coverage Ratio (LCR)
Reporting Guide
Template (macro enabled Excel)

FIA s.127(3) Within 30 days of month end
(applicable to credit unions with more than $1 billion in assets)
Interim Liquidity Adequacy Return
Reporting Instructions
Template

FIA s.127(3) Within 20 days of month end
Quarterly    
Quarterly Financial and Statistical Return (QFSR)

QFSR has been combined with MFSR template

FIA s.127(3)  Within 20 days of quarter end
Residential Mortgage Loans Report (RMLR)
Completion Guide
Change Control Log
Template (macro enabled Excel)

FIA s.127(3)  Within 30 days of quarter end
Net Cumulative Cash Flow (NCCF)
Reporting Guide
Template (macro enabled Excel)

FIA s.127(3)  Within 30 days of quarter end
(applicable to credit unions with more than $1 billion in assets)
Liquidity Coverage Ratio (LCR)
Reporting Guide
Template (macro enabled Excel)

FIA s.127(3) Within 30 days of quarter end
(applicable to credit unions up to $1 billion in assets)
Annual    
Annual Financial and Statistical Return (AFSR)

AFSR is the same as MFSR except the information reported are based on year-end non-consolidated financial statements
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
Completion Guide
Change Control Log
Template (macro enabled Excel)

FIA s.127(1) Within 90 days of Credit Union's financial year end
BCFSA ICAAP
BCFSA ICAAP Guide
BCFSA ICAAP Submission Instructions
BCFSA ICAAP Key Metrics Report

FIA s.127(3) Within 120 days of Credit Union's financial year end
(applicable to credit unions in Asset Groups 1, 2, and 3)
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 subject to penalty, who can be liable for a penalty, and the maximum amount that can be ordered. Please refer to the Administrative Penalties Regulation for more information.



 
Revised Reporting Templates Issued but Not Yet Effective
 
June 03, 2021>
BCFSA issued revised regulatory reporting templates and instructions for B.C. credit unions in the form of regulatory statements (refer to Advisory). The revised templates will be effective October 2021 or April 2022.

Please note: Credit unions will continue to use the current reporting templates and submission methods until the above effective dates. The revised templates should only be used from reporting periods October 2021 or April 2022 and submitted via BCFSA's new credit union portal.

Revised Reporting Templates and Instructions (Not Yet Effective)
Revised Liquidity Adequacy Return ("LAR") - Effective October 2021
LAR Regulatory Statement LAR Summary of Changes
LAR Reporting Instructions LAR Validation Rules
LAR Template LAR Mapping between Current and Revised Templates


Revised Liquidity Coverage Ratio ("LCR") - Effective October 2021
LCR Regulatory Statement LCR Summary of Changes
LCR Reporting Instructions LCR Validation Rules
LCR Template LCR Mapping between Current and Revised Templates


Revised Net Cumulative Cash Flow ("NCCF") - Effective October 2021
NCCF Regulatory Statement NCCF Summary of Changes
NCCF Reporting Instructions NCCF Validation Rules
NCCF Template NCCF Mapping between Current and Revised Templates


Revised Financial and Statistical Return ("FSR") - Effective April 2022
FSR Regulatory Statement FSR Summary of Changes
FSR Reporting Instructions FSR Validation Rules
FSR Template FSR Mapping between Current and Revised Templates


Revised Capital Adequacy Return ("CAR") - Effective April 2022
CAR Regulatory Statement CAR Summary of Changes
CAR Reporting Instructions CAR Validation Rules
CAR Template CAR Mapping between Current and Revised Templates


Revised Residential Mortgage Loans Report("RMLR") - Effective April 2022
RMLR Regulatory Statement RMLR Summary of Changes
RMLR Reporting Instructions RMLR Validation Rules
RMLR Template RMLR Mapping between Current and Revised Templates