Pennsylvania Code
Title 10 - BANKING AND SECURITIES
Part I - General Provisions
Chapter 5 - ASSESSMENTS
Section 5.4 - Semiannual assessment for credit unions
Universal Citation: 10 PA Code ยง 5.4
Current through Register Vol. 54, No. 12, March 23, 2024
(a) Credit unions shall pay a semiannual assessment to the Department.
(b) The semiannual assessment on credit unions will be calculated as follows:
| If the amount of the total assets is: | The semiannual assessment will be: | ||||
| Over: | But not over: | This amount: | The excess over: | Times (x): | |
| 0 | $24,503,168 | $2,500 | + | $0 | 0 |
| $24,503,168 | $1,115,871,488 | $2,500 | + | $24,503,168 | 0.00010739750 |
| $1,115,871,488 | $3,376,610,357 | $119,842 | + | $1,115,871,488 | 0.00003130250 |
| $3,376,610,357 | $190,609 | + | $3,376,610,357 | 0.00001045000 | |
(c) Credit unions will be billed in December and June based upon the total assets reported in the immediately preceding NCUA Call Report.
This section cited in 10 Pa. Code § 5.5 (relating to adjustments to assessments; invoicing).
Disclaimer: These regulations may not be the most recent version. Pennsylvania may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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