Your operating fee is based upon the total assets of your credit union as of December 31, 2015.
FOR NATURAL PERSON FEDERAL CREDIT UNIONS
If total assets are more than $1,000,000, the operating fee assessment is:
- 0.00018198 on the first $1,275,170,573 of assets, plus
- 0.00005304 on the next $2,583,476,422 of assets, plus
- 0.00001771 on assets over $3,858,646,995
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 0.00018198) = $227.48
A credit union with $2,400,000,000 in assets has an operating fee of: ($1,275,170,573 x 0.00018198) + (($2,400,000,000 - $1,275,170,573) x 0.00005304) = $291,716.49
A credit union with $5,000,000,000 in total assets has an operating fee of: ($1,275,170,573 x 0.00018198) + (($3,858,646,995 - $1,275,170,573) x 0.00005304) + (($5,000,000,000 - $3,858,646,995) x 0.00001771) = $389,296.49
FOR CORPORATE CREDIT UNIONS
If total assets are over | But not over | The operating fee assessment is: |
---|---|---|
$50,000,000 | $100,000,000 | $10,593.90 plus 0.0001987 of the total assets over $50,000,000 |
$100,000,000 | no limit | $20,528.90 plus 0.0000123 of the total assets over $100,000,000 |
Operating Fee Calculator at http://opfee.ncua.gov/