(1) Credit unions shall report to the board annually on forms approved by the board for that purpose. Additional reports may be required. (2) A charge shall be levied, as prescribed by regulation, for each day a credit union fails to provide a required report, unless it is excused for cause.
Form of credit union annual report to board
S.C. Code Ann. § 34-26-260, under Title 34, Chapter 26.
S.C. Code Ann. § 34-26-260