OAR 441-710-0500
Fees and Charges Credit Unions Pay the Director
(1)
Effective March 8, 2011, the annual regulatory fee under ORS 723.114 (Annual fees paid by credit unions)(1), which is due and payable on April 1 of each calendar year, by each credit union, with assets of:(a)
Less than $10 million, is $250 plus .000163 of all assets;(b)
$10 million or more but less than $20 million, is $1110 plus .000197 of all assets;(c)
$20 million or more but less than $50 million, is $1170 plus .000188 of all assets;(d)
$50 million or more but less than $100 million, is $1350 plus .000178 of all assets;(e)
$100 million or more but less than $200 million, is $7100 plus .000125 of all assets;(f)
$200 million or more but less than $500 million, is $7900 plus .000120 of all assets;(g)
$500 million or more but less than $1 billion, is $9400 plus .000116 of all assets;(h)
$1 billion or more but less than $2 billion, is $10,400 plus .000115 of all assets;(i)
$2 billion or more is $12,400 plus .000113 of all assets.(j)
If the credit union is a corporate credit union, the fee schedule is $16,800 plus .0000345 of all assets.(2)
The rate of charge payable by a credit union is $75 an hour for each examiner used in an examination for extra services provided a credit union under ORS 723.114 (Annual fees paid by credit unions)(2).(3)
Notwithstanding the rate of charge fixed by section (2) of this rule:(a)
If an examiner from the division or the Supervisor is required to travel out of state for an examination or to provide extra service, the rate of charge payable by the credit union is $75 an hour per person, plus actual expenses for travel and subsistence;(b)
If the examination or the extra service is performed by a consultant hired by contract for the particular work, the charge payable by the credit union is the actual cost to the division of the contract consultant.(4)
In addition to the charges fixed by sections (2) and (3) of this rule, the Director will collect from a credit union any additional costs directly attributable to extra services given the credit union under ORS 723.114 (Annual fees paid by credit unions)(2).(5)
As used in this rule:(a)
“Assets” means the average value of total assets reported by the credit union for the four calendar quarters for the year immediately preceding the due date of the fee. However, if a credit union was not in existence or doing business in this state during all of the prior calendar year “assets” means the average assets reported on the quarterly reports for the quarters for which reports were required to be filed during the calendar year immediately preceding the due date of the fee.(b)
“Extra service” means any special examination or examination in connection with a conversion.(6)
The annual regulatory fee of a credit union that is party to a merger or conversion, or is liquidated or dissolved:(a)
Is not subject to refund in whole or in part if the merger, conversion, liquidation or dissolution occurs prior to the end of the calendar years for which a fee has been paid;(b)
Is not subject to pro ration if the credit union operated during any part of the calendar year during which the merger, conversion, liquidation or dissolution occurred.(7)
An application for a credit union charter under ORS 723.012 (Organization procedure) must be accompanied by a fee of $350.(8)
An application to establish an additional place of business under ORS 723.032 (Places of business) must be accompanied by a fee of $300.(9)
The Director may by order reduce the fees assessed for any specific year.
Source:
Rule 441-710-0500 — Fees and Charges Credit Unions Pay the Director, https://secure.sos.state.or.us/oard/view.action?ruleNumber=441-710-0500.