ARM 2.59.401. CREDIT UNIONS - SUPERVISORY AND EXAMINATION FEES

(1) The following annual supervisory fees will be assessed upon the December 31 total assets of each year and become due and payable on or before February 15 of the next succeeding year. Total Assets Fee $2,500,000 or less 0.00030 x total assets Over $2,500,000, but not over $10,000,000 $750 plus 0.000225 x total assets in excess of $2,500,000 Over $10,000,000, but not over $50,000,000 $2,437.50 plus 0.0001425 x total assets in excess of $10,000,000 Over $50,000,000, but not over $100,000,000 $8,137.50 plus 0.00008250 x total assets in excess of $50,000,000 Over $100,000,000, but not over $250,000,000 $12,262.50 plus 0.00007850 x total assets in excess of $100,000,000 Over 250,000,000 $24,037.50 plus 0.00007500 x total assets in excess of $250,000,000 (2) The fee for the regular examination will be calculated according to the following schedule: Total Assets Fee $2,500,000 or less 0.000225 x total assets Over $2,500,000, but not over $5,000,000 $562.50 plus 0.000215 x total assets in excess of $2,500,000 Over $5,000,000, but not over $15,000,000 $1,100.00 plus 0.0001875 x total assets in excess of $5,000,000 Over $15,000,000, but not over $50,000,000 $2,975.00 plus 0.000125 x total assets in excess of $15,000,000 Over $50,000,000, but not over $100,000,000 $7,350.00 plus 0.000105 x total assets in excess of $50,000,000 Over 100,000,000, but not over $250,000,000 $12,600.00 plus 0.00009 x total assets in excess of $100,000,000 Over 250,000,000 $26,100.00 plus 0.000055 x total assets in excess of $250,000,000 (3) A charge of $25 per hour per examiner engaged in the examination will be made in addition to the above charges. The number of hours charged for examiners in training will be adjusted to exclude time devoted to training. (4) Newly chartered credit unions will receive one examination at no cost during the first year of operation. A newly chartered credit union is defined as a credit union which began operation within the past 12 months. (5) If a credit union is examined by the department more than once during a calendar year, subsequent examination(s) will be based on examiner(s) time spent at the credit union site and in department offices preparing the examination report. The fee will equal actual working hours, net of any training time, multiplied by the hourly rate of compensation for the personnel involved.