(1) A credit union means any credit union other than a corporate credit union.

(2) A corporate credit union is a credit union formed primarily for the purpose of serving other credit unions.

(3) The following annual supervisory fees for both credit unions and corporate credit unions become due and payable on or before February 15 of the next succeeding year.

(a) Credit unions will be assessed based upon the December 31 total assets of each year.

(b) Corporate credit unions will be assessed based upon the average of the quarterly total assets as reported on the March 31, June 30, September 30, and December 31 National Credit Union Administration Form 5310 report.

 

Total Assets	Fee
$2,500,000 or less	0.00030 x total assets
Over $2,500,000, but not over $10,000,000	$750 plus 0.000225 x total assets in excess of $2,500,000
Over $10,000,000, but not over $50,000,000	$2,437.50 plus 0.0001425 x total assets  in excess of $10,000,000
Over $50,000,000, but not over $100,000,000	$8,137.50 plus 0.00008250 x total assets in excess of $50,000,000
Over $100,000,000, but not over $250,000,000	$12,262.50 plus 0.00007850 x total assets in excess of $100,000,000
Over 250,000,000	$24,037.50 plus 0.00007500 x total assets in excess of $250,000,000

 

(4) The fee for the regular examination will be calculated according to the following schedule:

 

Total Assets	Fee
$2,500,000 or less	0.000225 x total assets
Over $2,500,000, but not over $5,000,000	$562.50 plus 0.000215 x total assets in excess of $2,500,000

Over $5,000,000, but not over $15,000,000	$1,100.00 plus 0.0001875 x total assets in excess of $5,000,000
Over $15,000,000, but not over $50,000,000	$2,975.00 plus 0.000125 x total assets in excess of $15,000,000
Over $50,000,000, but not over $100,000,000	$7,350.00 plus 0.000105 x total assets in excess of $50,000,000
Over 100,000,000, but not over $250,000,000	$12,600.00 plus 0.00009 x total assets in excess of $100,000,000
Over 250,000,000	$26,100.00 plus 0.000055 x total assets in excess of $250,000,000

 

(5) A charge of $25 per hour per examiner engaged in the examination will be made in addition to the above charges. The number of hours charged for examiners in training will be adjusted to exclude time devoted to training.

(6) Newly chartered credit unions will receive one examination at no cost during the first year of operation. A newly chartered credit union is defined as a credit union which began operation within the past 12 months.

(7) If a credit union is examined by the department more than once during a calendar year, subsequent examination(s) will be based on examiner(s) time spent at the credit union site and in department offices preparing the examination report. The fee will equal actual working hours, net of any training time, multiplied by the hourly rate of compensation for the personnel involved.