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.
California
'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.
