Okla. Admin. Code § 180:10-1-15

Current through Vol. 42, No. 8, January 2, 2025

Section 180:10-1-15 - Fees

(a) The following applications shall be accompanied by a payment to the Department in an amount as prescribed below:

(1) Applications for merger or acquisition when the surviving credit union will be a state chartered credit union shall be accompanied by a fee of $1,000 and a copy of the merger agreement or agreement of purchase. The Board may waive the fee when the merger is required at the direction of a state or federal regulatory agency.

(2) Applications for merger or acquisition when the surviving credit union will be a federally chartered credit union shall be accompanied by a fee of $800 and a copy of the merger agreement or agreement of purchase. The Board may waive the fee when the merger is required at the direction of a state or federal regulatory agency.

(3) Applications for conversion from a state chartered credit union to a federally chartered credit union or other form of financial institution shall be accompanied by a fee of $800.

(4) Applications for conversion from a federally chartered credit union to a state chartered credit union shall be accompanied by a fee of $1,000. The applicant shall also pay the costs and fees associated with the special exam of the converting credit union.

(5) Applications for amendment to bylaws shall be accompanied by a fee of $400.

(6) Applications to be heard by the Board to add a select associational group or select employee group shall be accompanied by a fee of $400.

(7) Applications for a change to the credit union's field of membership shall be accompanied by a fee of $800.

(8) Applications for an expansion of the credit union's investment powers shall be accompanied by a fee of $800.

(9) Applications for an increase in the credit union's investment percentage in real estate, buildings, fixtures, furniture, and equipment shall be accompanied by a fee of $800.

(10) Applications for expansion of powers other than those listed in paragraphs (8) and (9) of this subsection shall be accompanied by a fee of $800.

(b) Other application fees may be charged to applicants based on other provisions of this Title or the Act.

Okla. Admin. Code § 180:10-1-15

Added at 18 Ok Reg 1105, eff 5-11-01; Amended at 26 Ok Reg 1413, eff 6-11-09