Large Oklahoma CUs To Pay More In StateFees

TULSA, Okla. - (11/19/04) -- The state CU Board voted Tuesday toraise the annual operating assessment by 27% to 19 cents per $1,000of assets for the largest state chartered credit unions, up fromthe old assessment of 15 cents per $1,000. The new rate will onlyapply to those credit unions over $35 million in assets. Creditunions smaller than that will pay the same assessment. The old rateapplied to all state charters for the past eight years. Statechartered banks have paid the 19 cent-per-$1,000 rate for the pastfive years.