{"code":"FIN","codeName":"Financial Code","section":"14351","citation":"Fin. Code, § 14351","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 5. CREDIT UNIONS [14000. - 16906.]","url":"https://blackletter.si/financial-code/division-5"},{"name":"CHAPTER 3. Administration and Powers of the Commissioner [14200. - 14384.]","url":"https://blackletter.si/financial-code/division-5/chapter-3"},{"name":"ARTICLE 4. Costs of Administration [14350. - 14356.]","url":"https://blackletter.si/financial-code/division-5/chapter-3/article-4"}],"history":"Amended by Stats. 2013, Ch. 115, Sec. 1. (AB 1282) Effective January 1, 2014.","effective":"2014-01-01","html":"

(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%

(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.

","text":"(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% (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.","otherVersions":[],"url":"https://blackletter.si/financial-code/costs-of-administration-14351","source":"California Legislative Information bulk export (pubinfo)"}