Your 2024 federal credit union operating fee is based on the average of your credit union’s total assets, net of Paycheck Protection Program (PPP) loans, reported on the four most-recent Call Reports (Call Reports for December 31, 2022; March 31, 2023; June 30, 2023; and September 30, 2023).
FOR NATURAL PERSON FEDERAL CREDIT UNIONS
If the four-quarter average of reported total assets, net of reported PPP loans, is more than $2,000,000, the operating fee assessment is:
0.00019094 on the first $2,354,802,962 of assets, plus
0.00005565 on the next $4,770,795,423 of assets, plus
0.00001859 on assets over $7,125,598,385
Examples:
A credit union with a four-quarter asset average of $2,000,000 or less has an operating fee of $0.
A credit union with a four-quarter asset average of $2,250,000 has an operating fee of: ($2,250,000 x 0.00019094) = $430
A credit union with a four-quarter asset average of $2,500,000,000 has an operating fee of: ($2,354,802,962 x 0.00019094) + (($2,500,000,000 - $2,354,802,962) x 0.00005565) = $457,706
A credit union with a four-quarter asset average of $8,000,000,000 has an operating fee of: ($2,354,802,962 x 0.00019094) + (($7,125,598,385 - $2,354,802,962) x 0.00005565) + (($8,000,000,000 - $7,125,598,385) x 0.00001859) = $731,376
FOR CORPORATE FEDERAL CREDIT UNIONS
If four-quarter average assets are over $50,000,000 but not over $100,000,000 the operating fee assessment is:
$10,639 plus 0.0001987 of the four-quarter average assets over $50,000,000
If four-quarter average assets are over $100,000,000 but not over no limit the operating fee assessment is:
$20,574 plus 0.0000123 of the four-quarter average assets over $100,000,000
Operating Fee Calculator link: https://opfee.ncua.gov/