California Financial Code
§ 14351
FIN § 14351 Effective Jan 1, 2014Div. 5 · Ch. 3 · Art. 4
Statute text
View on leginfo.ca.gov(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 Base Assessment 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%
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Legislative history
Amended by Stats. 2013, Ch. 115, Sec. 1. (AB 1282) Effective January 1, 2014.