Your operating fee is based upon the total assets of your credit union as of December 31, 2016.
FOR NATURAL PERSON FEDERAL CREDIT UNIONS
If total assets are more than $1,000,000, the operating fee assessment is:
- 0.00022831 on the first $1,340,204,272 of assets, plus
- 0.00006654 on the next $2,715,233,720 of assets, plus
- 0.00002222 on assets over $4,055,437,992
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 0.00022831) = $285.39
A credit union with $2,400,000,000 in assets has an operating fee of: ($1,340,204,272 x 0.00022831) + (($2,400,000,000 - $1,340,204,272) x 0.00006654) = $376,500.85
A credit union with $5,000,000,000 in total assets has an operating fee of: ($1,340,204,272 x 0.00022831) + (($4,055,437,992 - $1,340,204,272) x 0.00006654) + (($5,000,000,000 - $4,055,437,992) x 0.00002222) = $507,641.86
FOR CORPORATE CREDIT UNIONS
If total assets are over | But not over | The operating fee assessment is: |
---|---|---|
$50,000,000 | $100,000,000 | $10,825.55 plus 0.0001987 of the total assets over $50,000,000 |
$100,000,000 | no limit | $20,760.55 plus 0.0000123 of the total assets over $100,000,000 |
Operating Fee Calculator at http://opfee.ncua.gov/