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Rule Title: CREDIT UNIONS - SUPERVISORY FEE
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Department: ADMINISTRATION
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Credit Unions
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.59.401    CREDIT UNIONS - SUPERVISORY FEE

(1) The division invoices credit unions for semiannual assessments. The assessment is based on each credit union's total assets provided in its previous March and September financial performance reports.

(2) The fee is calculated based on the total assets of the credit union multiplied by .0000375, plus the flat fee listed in the table below.

 

Total Assets

Flat Fee ($)

$0 to $50 million

$0

Over $50 to $100 million

$3,000

Over $100 to $250 million

$5,000

Over $250 million to

$1 billion

$7,500

Over $1 billion

$15,000

 

Example: Credit Union A reports total assets of $36,169,980 x .0000375 plus $0 equals $1,356.37.

 

(3) The assessment is due 30 days after each invoice date, or July 31 and January 31, whichever is later.

(4)  For the assessment billed in December 2021 and collected in January 2022, calculate the assessment as set forth in (2) and divide by 2. 

 

History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1928, Eff. 11/22/07; AMD, 2008 MAR p. 2620, Eff. 12/25/08; AMD, 2016 MAR p. 2325, Eff. 12/10/16; AMD, 2020 MAR p. 2133, Eff. 11/21/20; AMD, 2021 MAR p. 1319, Eff. 10/9/21.


 

 
MAR Notices Effective From Effective To History Notes
2-59-617 10/9/2021 Current History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1928, Eff. 11/22/07; AMD, 2008 MAR p. 2620, Eff. 12/25/08; AMD, 2016 MAR p. 2325, Eff. 12/10/16; AMD, 2020 MAR p. 2133, Eff. 11/21/20; AMD, 2021 MAR p. 1319, Eff. 10/9/21.
2-59-609 11/21/2020 10/9/2021 History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1928, Eff. 11/22/07; AMD, 2008 MAR p. 2620, Eff. 12/25/08; AMD, 2016 MAR p. 2325, Eff. 12/10/16; AMD, 2020 MAR p. 2133, Eff. 11/21/20.
2-59-547 12/10/2016 11/21/2020 History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1928, Eff. 11/22/07; AMD, 2008 MAR p. 2620, Eff. 12/25/08; AMD, 2016 MAR p. 2325, Eff. 12/10/16.
2-59-408 12/25/2008 12/10/2016 History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1928, Eff. 11/22/07; AMD, 2008 MAR p. 2620, Eff. 12/25/08.
2-59-390 11/22/2007 12/25/2008 History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD 2007 MAR p. 1928, Eff. 11/22/07.
3/15/1991 11/22/2007 History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178.
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