2012 Idaho Statutes
Title 26 - BANKS AND BANKING
Chapter 21 - IDAHO CREDIT UNION ACT
Section 26-2136 - EXAMINATIONS AND FEES.
A report of such examination shall be forwarded to the president of each credit union within thirty (30) days after the completion of the examination. Within thirty (30) days after the receipt of such report, a general meeting of the directors and committeemen shall be called to consider matters contained in the report. A reply to the director shall be forwarded by the board within fifteen (15) days.
On or before February 15 of each calendar year, the director shall fix and collect from each credit union an assessment fee based upon the total assets of the credit union as of December 31 of the previous calendar year, which fees shall not exceed the amounts set forth in the following schedule:
TOTAL ASSETS | FEE |
$50,000 or less | $50.00 + $1.00 per thousand dollars |
of assets | |
Over $50,000 and not over | |
$100,000 | $100.00 + $.99 per thousand dollars |
of assets in excess of $50,000 | |
Over $100,000 and not over | |
$250,000 | $149.00 + $.94 per thousand dollars |
of assets in excess of $100,000 | |
Over $250,000 and not over | |
$1 million | $291.00 + $.89 per thousand dollars |
of assets in excess of $250,000 | |
Over $1 million and not over | |
$2 million | $958.00 + $.80 per thousand dollars |
of assets in excess of $1 million | |
Over $2 million and not over | |
$5 million | $1,758.00 + $.61 per thousand dollars |
of assets in excess of $2 million | |
Over $5 million and not over | |
$8 million | $3,588.00 + $.48 per thousand dollars |
of assets in excess of $5 million | |
Over $8 million | $5,028.00 + $.35 per thousand dollars |
of assets in excess of $8 million |
The director may in his discretion at any time accept in lieu of any portion of his examinations the findings or result of an audit by a firm of independent certified public accountants or other qualified person or firm approved by the director. The cost of the audit shall be borne by the credit union.
All fees, fines, examination and miscellaneous charges collected by the director pursuant to the Idaho credit union act shall be deposited into the finance administrative account pursuant to section 67-2702, Idaho Code.
History:
[26-2136, added 1977, ch. 213, sec. 2, p. 603; am. 1980, ch. 168, sec. 1, p. 360; am. 1984, ch. 47, sec. 5, p. 79; am. 1999, ch. 202, sec. 1, p. 545.]
Disclaimer: These codes may not be the most recent version. Idaho may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.