Credit Union Filing Requirements

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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.

Monthly Filing or Return

Name of Filing or ReturnFIA SectionNumber of Days to
File/Due Dates
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 Filing or Return

Name of Filing or ReturnFIA SectionNumber of Days to
File/Due Dates
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 Filing or Return

Name of Filing or ReturnFIA SectionNumber of Days to
File/Due Dates
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 StatementsFIA 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 SubsidiaryFIA s.127(1)Within 90 days of Credit Union’s financial year end
Copy of Resolution of Directors Approving the Year-End FilingsFIA s.127(1)Within 90 days of Credit Union’s financial year end
Capital Adequacy Return
Completion Guide
Reporting Guide
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)
OtherFIA SectionNumber of Days to
File/Due Dates
Investment Lending Policy (“ILP”) AmendmentFIA s.127(2)Within 5 days from BOD approval
Personal Information Return (“PIR”) for Senior Officers and DirectorsFIA s.105Prior 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 and Instructions (Not Yet Effective)

June 3, 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 Liquidity Adequacy Return (“LAR”) — Effective October 2021
LAR Regulatory StatementLAR Summary of Changes
LAR Reporting InstructionsLAR Validation Rules
LAR TemplateLAR Mapping between Current and Revised Templates
Revised Liquidity Coverage Ratio (“LCR”) — Effective October 2021
LCR Regulatory StatementLCR Summary of Changes
LCR Reporting InstructionsLCR Validation Rules
LCR TemplateLCR Mapping between Current and Revised Templates
Revised Net Cumulative Cash Flow (“NCCF”) — Effective October 2021
NCCF Regulatory StatementNCCF Summary of Changes
NCCF Reporting InstructionsNCCF Validation Rules
NCCF TemplateNCCF Mapping between Current and Revised Templates
Revised Financial and Statistical Return (“FSR”) — Effective April 2022
FSR Regulatory StatementFSR Summary of Changes
FSR Reporting InstructionsFSR Validation Rules
FSR TemplateFSR Mapping between Current and Revised Templates
Revised Capital Adequacy Return (“CAR”) — Effective April 2022
CAR Regulatory StatementCAR Summary of Changes
CAR Reporting InstructionsCAR Validation Rules
CAR TemplateCAR Mapping between Current and Revised Templates
Revised Residential Mortgage Loans Report(“RMLR”) — Effective April 2022
RMLR Regulatory StatementRMLR Summary of Changes
RMLR Reporting InstructionsRMLR Validation Rules
RMLR TemplateRMLR Mapping between Current and Revised Templates