Cal. FIN § 14351
This is the official text of Cal. FIN § 14351, part of California’s Financial Code — regulates banks, credit unions, lenders, and other financial institutions.
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Official statutory text
(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.
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.
Status: in_force · Read it on the official government site
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