Current through Register Vol. 63, No. 3, March 1, 2024
(1)
Effective February 1, 2023, the annual regulatory fee under ORS
723.114(1),
which is due and payable on April 1 of each calendar year, by each credit
union, with assets of:
(a) Less than $10
million, is $170 plus .0000815 of all assets;
(b) $10 million or more but less than $20
million, is .0000985 of all assets;
(c) $20 million or more but less than $50
million, is $90 plus .0000940 of all assets;
(d) $50 million or more but less than $100
million, is $340 plus .0000890 of all assets;
(e) $100 million or more but less than $200
million, is $2,990 plus .0000625 of all assets;
(f) $200 million or more but less than $500
million, is $3,490 plus .0000600 of all assets;
(g) $500 million or more but less than $1
billion, is .0000696 of all assets;
(h) $1 billion or more but less than $2
billion, is $600 plus .0000690 of all assets;
(i) $2 billion or more but less than $5
billion, is .0000735 of all assets;
(j) $5 billion or more, is $36,372 plus
.00006565 of all assets;
(k) If the
credit union is a corporate credit union, the fee schedule is $16,800 plus
.0000345 of all assets.
(2) The rate of charge payable by a credit
union is $75 an hour for each examiner used in an examination for extra
services provided a credit union under ORS
723.114(2).
(3) Notwithstanding the rate of charge fixed
by section (2) of this rule:
(a) If an
examiner from the division or the supervisor is required to travel out of state
for an examination or to provide extra service, the rate of charge payable by
the credit union is $75 an hour per person, plus actual expenses for travel and
subsistence;
(b) If the examination
or the extra service is performed by a consultant hired by contract for the
particular work, the charge payable by the credit union is the actual cost to
the division of the contract consultant.
(4) In addition to the charges fixed by
sections (2) and (3) of this rule, the director will collect from a credit
union any additional costs directly attributable to extra services given the
credit union under ORS
723.114(2).
(5) As used in this rule:
(a) "Assets" means the average value of total
assets reported by the credit union for the four calendar quarters for the year
immediately preceding the due date of the fee; however, if a credit union was
not in existence or doing business in this state during all of the prior
calendar year "assets" means the average assets reported on the quarterly
reports for the quarters for which reports were required to be filed during the
calendar year immediately preceding the due date of the fee.
(b) "Extra service" means any special
examination or examination in connection with a conversion.
(6) The annual regulatory fee of a
credit union that is party to a merger or conversion, or is liquidated or
dissolved:
(a) Is not subject to refund in
whole or in part if the merger, conversion, liquidation or dissolution occurs
prior to the end of the calendar years for which a fee has been paid;
(b) Is subject to pro ration payment for the
quarters that the credit union is in operation as an Oregon-state chartered
credit union.
(7) An
application for a credit union charter under ORS
723.012 must be accompanied by a
fee of $350.
(8) The director may
by order reduce the fees assessed for any specific year.
Statutory/Other Authority: ORS
723.102,
723.185 & 723.630
Statutes/Other Implemented: ORS
723.114
