As we head into 2025, financial institutions like banks and credit unions have a host of important deadlines and milestones to prepare for. Staying ahead of these key dates is crucial for regulatory compliance, operational efficiency, and strategic planning. To help you navigate the year, we compiled a list of the most critical dates to keep on your radar.
Quarter 1: Setting the Foundation
January 1, 2025
-
New Year’s Day (Federal Holiday): Financial institutions are closed.
-
Regulation Updates: Ensure compliance with any new regulations that take effect on the first of the year. Also ensure your compliance courseware is updated with 2025 threshold amounts, as applicable.
January 20, 2025
-
Martin Luther King Jr. Day (Federal Holiday): Financial institutions are closed.
March 1, 2025
-
HMDA Reporting Deadline: Institutions subject to the Home Mortgage Disclosure Act must submit their 2024 data to the Consumer Financial Protection Bureau (CFPB).
March 15, 2025
-
IRA Contribution Deadline Notification: Reminder to customers about the April 15 deadline for 2024 IRA contributions.
March 31, 2025
-
Quarter-End Close: Begin preparing financial statements and reports for the first quarter.
Quarter 2: Tax Season and Mid-Year Planning
April 15, 2025
-
Tax Day: Be ready for a potential increase in customer inquiries related to tax payments and refunds.
-
IRA Contribution Deadline: Last day for customers to contribute to their 2024 IRAs.
May 26, 2025
-
Memorial Day (Federal Holiday): Financial institutions are closed.
June 30, 2025
-
Call Reports Due: Banks and credit unions must file their Q2 call reports with their respective regulators.
Quarter 3: Strategic Focus
July 1, 2025
-
Regulation CC dollar thresholds update.
July 4, 2025
-
Independence Day (Federal Holiday): Financial institutions are closed.
September 1, 2025
-
Labor Day (Federal Holiday): Financial institutions are closed.
September 30, 2025
-
End of Fiscal Year for Many Institutions: Start preparing year-end tax and financial planning documents.
Quarter 4: Year-End Deadlines
October 1, 2025
-
Cybersecurity Awareness Month: A great time to educate employees and customers on best practices for digital safety.
October 13, 2025
-
Columbus Day/Indigenous Peoples’ Day (Federal Holiday): Financial institutions are closed.
November 11, 2025
-
Veterans Day (Federal Holiday): Financial institutions are closed.
November 27, 2025
-
Thanksgiving Day (Federal Holiday): Financial institutions are closed.
December 25, 2025
-
Christmas Day (Federal Holiday): Financial institutions are closed.
December 31, 2025
-
Year-End Planning: Deadline for many compliance, tax, and strategic initiatives. Ensure all year-end filings and reports are submitted.
-
Customer Communications: Remind customers about year-end deadlines for retirement contributions, tax planning, and other financial services.
Stay Current. Stay Compliant.
Navigating these dates can be overwhelming, but proper planning makes all the difference. At OnCourse Learning, we provide comprehensive training and resources to ensure your institution remains compliant and operationally efficient. Let us help you make 2025 a success!
