(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.
(2) The semiannual assessment
shall be computed on the following schedule:
|
Total Assets
|
Base
|
Plus
|
of Assets Over
|
|
Over
|
But Not Over
|
|
|
|
|
$0
|
$500,000
|
$50.00
|
0
|
$0
|
|
$500,000
|
$150,000,000
|
$50.00
|
0.000135
|
$500,000
|
|
$150,000,000
|
$300,000,000
|
$20,232.50
|
0.000105
|
$150,000,000
|
|
$300,000,000
|
$750,000,000
|
$35,982.50
|
0.000080
|
$300,000,000
|
|
$750,000,000
|
$1,000,000,000
|
$71,982.50
|
0.000050
|
$750,000,000
|
|
$1,000,000,000
|
$1,500,000,000
|
$84,482.50
|
0.000045
|
$1,000,000,000
|
|
$1,500,000,000
|
$2,000,000,000
|
$106,982.50
|
0.000040
|
$1,500,000,000
|
|
$2,000,000,000
|
|
$126,982.50
|
0.000035
|
$2,000,000,000
|
(3)
Payment of the semiannual assessment, if mailed, must be received by the OFR no
later 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.
(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.
Notes
Fla. Admin.
Code Ann. R. 69U-110.053
Rulemaking Authority 655.012(2), 657.053 FS. Law
Implemented 655.047(2), 657.053 FS.
New 8-18-96, Amended
3-11-02, Formerly 3C-110.053, Amended by
Florida
Register Volume 42, Number 250, December 28, 2016 effective
1/9/2017.
New 8-18-96, Amended 3-11-02, Formerly 3C-110.053, Amended
1-9-17.
