10 Pa. Code § 5.4

Current through Register Vol. 54, No. 37, September 14, 2024

Section 5.4 - Semiannual assessment for credit unions

(a) Credit unions shall pay a semiannual assessment to the Department.

(b) The semiannual assessment on credit unions will be calculated as follows:

If the amount of the total assets is:		The semiannual assessment will be:
Over:	But not over:	This amount:	The excess over:	Times (x):
0	$24,503,168	$2,500	+	$0	0
$24,503,168	$1,115,871,488	$2,500	+	$24,503,168	0.00010739750
$1,115,871,488	$3,376,610,357	$119,842	+	$1,115,871,488	0.00003130250
$3,376,610,357	$190,609	+	$3,376,610,357	0.00001045000

(c) Credit unions will be billed in December and June based upon the total assets reported in the immediately preceding NCUA Call Report.

10 Pa. Code § 5.4

This section cited in 10 Pa. Code § 5.5 (relating to adjustments to assessments; invoicing).