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Fin. Code, § 14351 · Article 4. Costs of Administration

Fin. Code, § 14351

Verbatim from the official edition

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&sectionNum=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.