Your operating fee is based upon the total assets of your credit union as of December 31, 2014.
FOR NATURAL PERSON FEDERAL CREDIT UNIONS
If total assets are more than $1,000,000, the operating fee assessment is:
- 0.00018284 on the first $1,217,346,609 of assets, plus
- 0.00005329 on the next $2,466,325,940 of assets, plus
- 0.00001779 on assets over $3,683,672,549
Examples:
A credit union with $1,000,000 in total assets has an operating fee of: $0.
A credit union with $1,250,000 in total assets has an operating fee of: ($1,250,000 x 0.00018284) = $228.55
A credit union with $2,400,000,000 in assets has an operating fee of: ($1,217,346,609 x 0.00018284) + (($2,400,000,000 - $1,217,346,609) x 0.00005329) = $285,603.25
A credit union with $5,000,000,000 in total assets has an operating fee of: ($1,217,346,609 x 0.00018284) + (($3,683,672,549 - $1,217,346,609) x 0.00005329) + (($5,000,000,000 - $3,683,672,549) x 0.00001779) = $377,427.63
FOR CORPORATE CREDIT UNIONS
If total assets are over | But not over | The operating fee assessment is |
---|---|---|
$50,000,000 | $100,000,000 | $10,598.20 plus 0.0001987 of the total assets over $50,000,000 |
$100,000,000 | no limit | $20,533.20 plus 0.0000123 of the total assets over $100,000,000 |
Operating Fee Calculator at http://opfee.ncua.gov/