If the three largest state-chartered credit unions in Californiawere to convert to federal charters, the state's regulator wouldlose $1.7 million of its $7.2 million budget, leaving small andmidsize state-chartered credit unions to subsidize that loss.
That's the worst-case scenario the California Credit Union League wanted to avoid, and the reasonthe league successfully lobbied the state legislature to approveAssembly Bill 1282, which establishes a new assessment table thatprovides more parity between state assessments and NCUA operatingfees. The bill was signed into law by Gov. Jerry Brown on Aug.16.
The current table had only four tiers, said Melissa Ameluxen,CCUL's vice president of state government affairs. The new formula,she said, includes a table of 10 asset tiers.
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