§ 14352 Credit Union Asset Assessment

• •The date used to count assets depends on whether the credit union had a license on the commissioner's fixed date.
• •If the credit union didn't have the license then but has it when the fee is set, the law uses the fee‑setting date.
• •This date determines how much the credit union pays in the annual assessment.

A credit union didn't have its license on the date the state picks, but it got the license before the fee notice arrived, so the law says to count its assets on the day the fee notice is sent.

Because the credit union only had the license after the first date but before the fee was set, the law tells us to use the later date to figure out how big the credit union is for the fee.