Cal. Financial Code § 14351
Cal. Financial Code § 14351
California · California Financial Code · Status: effective · Effective 2014-01-01
Cite this
- Citation
- Cal. Financial Code § 14351, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/814482
- Permanent ID
ys:prov:814482@1- SHA-256
8ea991634def47b2145b3412506d1afbc0b6d5db5707ea8aa7af232c6ef59959
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The amount of the annual assessment on any credit union holding a certificate authorizing it to act as a credit union shall be the greater of (1) two thousand dollars ($2,000) or (2) the sum of the products determined by multiplying (A) increments of the credit union’s total assets by (B) percentages of the base assessment rate, according to the following table:
Total Assets
Percentage of BaseAssessment Rate
$0–$3,000,000
85.0%
$3,000,000–$6,000,000
25.0%
$6,000,000–$10,000,000
13.0%
$10,000,000–$100,000,000
12.5%
$100,000,000–$500,000,000
12.25%
$500,000,000–$1,000,000,000
12.0%
$1,000,000,000–$2,000,000,000
11.5%
$2,000,000,000–$5,000,000,000
8.0%
$5,000,000,000–$10,000,000,000
3.5%
Excess over $10,000,000,000
3.0%
(b) The base assessment rate for each annual assessment shall be fixed by the commissioner but shall not exceed two dollars and twenty cents ($2.20) per one thousand dollars ($1,000) of total assets.