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Florida Administrative Code (Last Updated: March 13, 2024) |
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69. Department of Financial Services |
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69U. FSC - Financial Institution Regulation |
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69U-110. State Credit Unions |
1(1) Each state credit union shall pay to OFR a semiannual assessment computed on total assets as shown on the NCUA 5300 of the credit union as of the last business day in June and the last business day in December of each year. In the event that a NCUA 5300 is amended, and such amendment results in a change in consolidated total assets, the semiannual assessment shall be computed on the adjusted total assets reported in the amended NCUA 5300 only if such amended report is filed no later than July 31 and January 31 of the current assessment period. No adjustment will be made for amended reports filed after this date.
114(2) The semiannual assessment shall be computed on the following schedule:
125Total Assets
127Base
128Plus
129of Assets Over
132Over
133But Not Over
136$0
137$500,000
139$50.00
1400
141$0
142$500,000
144$150,000,000
147$50.00
1480.000135
149$500,000
151$150,000,000
154$300,000,000
157$20,232.50
1590.000105
160$150,000,000
163$300,000,000
166$750,000,000
169$35,982.50
1710.000080
172$300,000,000
175$750,000,000
178$1,000,000,000
182$71,982.50
1840.000050
185$750,000,000
188$1,000,000,000
192$1,500,000,000
196$84,482.50
1980.000045
199$1,000,000,000
203$1,500,000,000
207$2,000,000,000
211$106,982.50
2130.000040
214$1,500,000,000
218$2,000,000,000
222$126,982.50
2240.000035
225$2,000,000,000
229(3) Payment of the semiannual assessment, if mailed, must be received by the OFR no la245t246er than January 31 and July 31 of each year. The timeliness of the payment is determined by the date the OFR receives the payment rather than the date of the mailing postmark. Payment of the semiannual assessment, if made via wire transfer or an automated clearinghouse (ACH), must be transmittted (and reflect a transmittal date of) no later than January 31 and July 31 of each year in order to be timely.
319(4) The OFR may levy a late payment penalty of up to $100.00 per day or part thereof for each day that a semiannual assessment payment is past due, unless it is excused for good cause, including isolated clerical and other minor errors. For intentional late payment of a semiannual assessment, the OFR shall levy an administrative fine of up to $1,000.00 per day for each day that a semiannual assessment payment is past due.
395Rulemaking Authority 397655.012(2), 398657.053 FS. 400Law Implemented 402655.047(2), 403657.053 FS. 405History–New 8-18-96, Amended 3-11-02, Formerly 3C-110.053, Amended 1-9-17.
