Financial Code § 14351

ARTICLE 4. Costs of Administration

Current as of September 28, 2026Fin. Code, § 14351Official source ↗Ask about this

Amended by Stats. 2013, Ch. 115, Sec. 1. (AB 1282) Effective January 1, 2014.

(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.