(1) Supervisory fees (annual) :

 

Total Assets	Fee
$500,000 or less	0.00026 x total assets
Over $500,000 but not over $1,000,000	$130 plus 0.000221 x total assets in excess of $500,000
Over $1,000,000 but not over $2,000,000	$240.50 plus 0.000182 x total assets in excess of $1,000,000
Over $2,000,000 but not over $5,000,000	$422.50 plus 0.00013 x total
Over $5,000,000	$812.50 plus 0.000091 x total assets in excess of $5,000,000

 

The above fees will be assessed upon the December 31 total assets of each year and become due and payable on or before February 15 of the next succeeding year.

(2) Examination fees:

(a) The fee for the regular, annual examination will be calculated according to the following schedule:

 

Total Assets	Fee
$500,000 or less	0.00078 x total assets
Over $500,000 but not over $1,000,000	$390 plus 0.0003575 x total assets in excess of $500,000
Over $1,000,000 but not over $5,000,000	$568.75 plus 0.00026 x total assets in excess of $1,000,000
Over $5,000,000	$1,608.75 plus 0.0000975 x total assets in excess of $5,000,000

(b) A charge of $10 per hour per examiner engaged in the examination will be made in addition to the above charges. The number of hours charged for examiners in training will be adjusted to exclude time devoted to training.

(c) Newly chartered credit unions will receive one examination at no cost during the first year of operation. A newly chartered credit union is defined as a credit union which began operation within the past 12 months.

(d) If a credit union is examined by the department more than once during a calendar year, subsequent examination(s) will be based on examiner(s) time spent at the credit union site and in department offices preparing the examination report. The fee will equal actual working hours, net of any training time, multiplied by the hourly rate of compensation for the personnel involved.