California DFI Raises CU Assessment Charge
The California Department of Financial Institutions announced an increased assessment for credit unions this year, according to the regulator's monthly bulletin, released Friday. The 2010-11 assessment rate was set at 75 cents per thousand dollars of total assets, a six cent increase from last year's rate of 69 cents.
Invoices were mailed June 30 and become delinquent if not paid by July 20. The statutory maximum rate is $2.20 per thousand dollars of total assets.
's commercial banks, foreign banks and trust companies were assessed a $1.33 base rate, an eight cent decrease from last year. Industrial banks will pay the same rate as last year, 99 cents per thousand dollars of total assets.