ARM 2.59.401. CREDIT UNIONS - SUPERVISORY FEE

(1) The division invoices credit unions for semiannual assessments. The assessment is based on each credit union's total assets provided in its previous March and September financial performance reports. (2) The fee is calculated based on the total assets of the credit union multiplied by .0000375, plus the flat fee listed in the table below. Total Assets Flat Fee ($) $0 to $50 million $0 Over $50 to $100 million $3,000 Over $100 to $250 million $5,000 Over $250 million to $1 billion $7,500 Over $1 billion $15,000 Example: Credit Union A reports total assets of $36,169,980 x .0000375 plus $0 equals $1,356.37. (3) The assessment is due 30 days after each invoice date, or July 31 and January 31, whichever is later. (4) For the assessment billed in December 2021 and collected in January 2022, calculate the assessment as set forth in (2) and divide by 2.