Fin. Code, § 14351 · Article 4. Costs of Administration
Fin. Code, § 14351
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(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.
Notes and commentary — not statutory text
History
Amended by Stats. 2013, Ch. 115, Sec. 1. (AB 1282) Effective January 1, 2014.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=FIN§ionNum=14351.
- Text hash
- sha256 35133785e278c2618d7810483bde2b91d44b04747c4aa73098f302c5030ffb42
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.