X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ALEXANDRIA, Va.-NCUA issued a Letter to Federal Credit Unions last week, alerting the institutions to upcoming debts to be paid. The letter (04-FCU-01) notified federal credit unions that the invoices for the 2004 operating fee and adjustment to the 1% deposit in the National Credit Union Share Insurance Fund would be arriving in March and are due April 16. The operating fee scale has changed in a downward direction for natural person federal credit unions, according to the letter. The 2004 rate is down 6.81% from last year’s rate, primarily due to federal credit union asset growth in 2003. Additionally, the asset amounts within rate bracket categories have been increased by 10%. These are adjusted each year according to the asset base. Corporate credit unions have the same operating fee scale as last year.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.