SACRAMENTO, Calif. – State chartered credit unions, already battered by the poor economy, will see their state supervisory fees raises by almost 17% this year as the state seeks to close a huge budget deficit.
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This year’s assessment will be $0.69 per $1,000 of total assets, up from last year’s $0.59.
State chartered industrial banks also saw their fees go up 17%, to $0.99 per $1,000; while commercial banks and trust companies had their assessment unchanged at $1.41.
Invoices were mailed to all state charters on June 30 and must be paid by July 21.
