HOME    SEARCH    ABOUT US    CONTACT US    HELP   
           
Rule: 2.59.401 Prev     Up     Next    
Rule Title: CREDIT UNIONS - SUPERVISORY FEE
Add to My Favorites
Add to Favorites
Department: ADMINISTRATION
Chapter: BANKING AND FINANCIAL INSTITUTIONS
Subchapter: Credit Unions
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

Printer Friendly Version

2.59.401    CREDIT UNIONS - SUPERVISORY FEE

(1) The division invoices credit unions for semiannual assessments. The assessment is based on each credit union's total assets provided in its previous March and September financial performance reports.

(2) The fee is calculated based on the total assets of the credit union multiplied by .0000375, plus the flat fee listed in the table below.

 

Total Assets

Flat Fee ($)

$0 to $50 million

$0

Over $50 to $100 million

$3,000

Over $100 to $250 million

$5,000

Over $250 million to

$1 billion

$7,500

Over $1 billion

$15,000

 

Example: Credit Union A reports total assets of $36,169,980 x .0000375 plus $0 equals $1,356.37.

 

History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1928, Eff. 11/22/07; AMD, 2008 MAR p. 2620, Eff. 12/25/08; AMD, 2016 MAR p. 2325, Eff. 12/10/16.


 

 
MAR Notices Effective From Effective To History Notes
2-59-547 12/10/2016 Current History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1928, Eff. 11/22/07; AMD, 2008 MAR p. 2620, Eff. 12/25/08; AMD, 2016 MAR p. 2325, Eff. 12/10/16.
2-59-408 12/25/2008 12/10/2016 History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD, 2007 MAR p. 1928, Eff. 11/22/07; AMD, 2008 MAR p. 2620, Eff. 12/25/08.
2-59-390 11/22/2007 12/25/2008 History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178; AMD 2007 MAR p. 1928, Eff. 11/22/07.
3/15/1991 11/22/2007 History: 32-3-201, MCA; IMP, 32-3-201, MCA; Eff. 11/3/75; AMD, 1991 MAR p. 442, Eff. 3/15/91; TRANS, from Commerce, 2001 MAR p. 1178.
Home  |   Search  |   About Us  |   Contact Us  |   Help  |   Disclaimer  |   Privacy & Security