Nevada Administrative Code › Chapter 678 - Credit Unions › Section 678.150 - Fee for supervision and examination: Collection; determination of amount; failure to pay; penalty; additional costs

Current through June 11, 2024
1. On or before
		  June 30 of each year, the Commissioner will collect a fee from each credit
		  union for the supervision and examination of the credit union pursuant to
		  chapter 672 of NRS.
2. The fee is
		  based on the portion of the annual budget approved by the Legislature for
		  expenses related to the operations of the Commissioner and the Division minus
		  all other revenues collected by the Division, not including reserves. Each
		  credit union shall pay a share of that amount as determined by the following
		  schedule:
Total Assets
Base Fee
+ Fee Exceeding
						  Base
Less than $5,000,000
$5,000
N/A
$5,000,000 or more, but less than
						  $10,000,000
5,000
$.25 per thousand of assets exceeding
						  $5,000,000
$10,000,000 or more, but less than
						  $50,000,000
6,250
$.19 per thousand of assets exceeding
						  $10,000,000
$50,000,000 or more, but less than
						  $100,000,000
13,850
$.12 per thousand of assets exceeding
						  $50,000,000
$100,000,000 or more, but less than
						  $500,000,000
19,850
$.10 per thousand of assets exceeding
						  $100,000,000
$500,000,000 or more, but
less than $1,000,000,000
59,850
$.07 per thousand of assets exceeding
						  $500,000,000
$1,000,000,000 or more, but less than
						  $3,000,000,000
94,850
$.05 per thousand of assets exceeding
						  $1,000,000,000
$3,000,000,000 or more, but less than
						  $10,000,000,000
194,850
$.03 per thousand of assets exceeding
						  $3,000,000,000
$10,000,000,000 or more, but less than
						  $20,000,000,000
404,850
$.02 per thousand of assets exceeding
						  $10,000,000,000
$20,000,000,000 or more
604,850
$.01 per thousand of assets exceeding
						  $20,000,000,000
Any adjustment to the fee must be made in a proportionate amount
			 that is based on the relationship that the fee determined for each credit union
			 bears to the total fee imposed on all credit unions licensed pursuant to
			 chapter 672 of NRS. The fee is calculated as of June 1 of each year based upon
			 the number of credit unions and the total assets of each credit union as of
			 December 31 of the previous year.
3. If the fee is not paid on or before June
		  30, the Commissioner will assess a penalty of 10 percent of the amount of the
		  fee and an additional 1 percent of the fee for each month or portion of a month
		  that the fee is not paid. The Commissioner may waive the penalty for good
		  cause.
4. The fee does not include
		  the cost of any extraordinary examination, audit, investigation or hearing
		  conducted by the Division. The cost of any such examination, audit,
		  investigation or hearing is $75 per hour.
Comm'r of Credit Unions, § A subsecs. 6 & 7, eff. 8-12-76; + § B subsec. 2, eff. 12-14-78-NAC A by Admstr. of Financial Institutions, eff. 6-29-84; A by Comm'r of Financial Institutions, 4-20-88; 6-17-91; R002-00, 3-13-2000; A by R054-16A, eff. 9/9/2016;	A by
			 R098-23A,
			 eff. 6/6/2024
NRS 672.250  and
				672.270