DIVISION 5. CREDIT UNIONS 14000-16906›CHAPTER 3. Administration and Powers of the Commissioner 14200-14384›ARTICLE 4. Costs of Administration 14350-14356
§ 14351
California Financial Code · 2020-11 edition · updated 2026-10-04 · California
(a) The amount of the annual assessment on any credit union holding a certificate authorizing it to act as a credit union shall be the greater of (1) two thousand dollars ($2,000) or (2) the sum of the products determined by multiplying (A) increments of the credit union’s total assets by (B) percentages of the base assessment rate, according to the following table:
| Total Assets | Percentage of BaseAssessment Rate |
|---|---|
| $0–$3,000,000 | 85.0% |
| $3,000,000–$6,000,000 | 25.0% |
| $6,000,000–$10,000,000 | 13.0% |
| $10,000,000–$100,000,000 | 12.5% |
| $100,000,000–$500,000,000 | 12.25% |
| $500,000,000–$1,000,000,000 | 12.0% |
| $1,000,000,000–$2,000,000,000 | 11.5% |
| $2,000,000,000–$5,000,000,000 | 8.0% |
| $5,000,000,000–$10,000,000,000 | 3.5% |
| Excess over $10,000,000,000 | 3.0% |
(b) The base assessment rate for each annual assessment shall be fixed by the commissioner but shall not exceed two dollars and twenty cents ($2.20) per one thousand dollars ($1,000) of total assets.
(Amended by Stats. 2013, Ch. 115, Sec. 1. (AB 1282) Effective January 1, 2014.)
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