SECTION 180:10-1-15. Fees  


Latest version.
  • (a)   The following applications shall be accompanied by a payment to the Department in an amount as prescribed below:
    (1)   Applications for merger or acquisition when the surviving credit union will be a state chartered credit union shall be accompanied by a fee of $1,000 and a copy of the merger agreement or agreement of purchase. The Board may waive the fee when the merger is required at the direction of a state or federal regulatory agency.
    (2)   Applications for merger or acquisition when the surviving credit union will be a federally chartered credit union shall be accompanied by a fee of $800 and a copy of the merger agreement or agreement of purchase. The Board may waive the fee when the merger is required at the direction of a state or federal regulatory agency.
    (3)   Applications for conversion from a state chartered credit union to a federally chartered credit union or other form of financial institution shall be accompanied by a fee of $800.
    (4)   Applications for conversion from a federally chartered credit union to a state chartered credit union shall be accompanied by a fee of $1,000. The applicant shall also pay the costs and fees associated with the special exam of the converting credit union.
    (5)   Applications for amendment to bylaws shall be accompanied by a fee of $400.
    (6)   Applications to be heard by the Board to add a select associational group or select employee group shall be accompanied by a fee of $400.
    (7)   Applications for a change to the credit union's field of membership shall be accompanied by a fee of $800.
    (8)   Applications for an expansion of the credit union's investment powers shall be accompanied by a fee of $800.
    (9)   Applications for an increase in the credit union's investment percentage in real estate, buildings, fixtures, furniture, and equipment shall be accompanied by a fee of $800.
    (10)   Applications for expansion of powers other than those listed in paragraphs (8) and (9) of this subsection shall be accompanied by a fee of $800.
    (b)   Other application fees may be charged to applicants based on other provisions of this Title or the Act.
[Source: Added at 18 Ok Reg 1105, eff 5-11-01; Amended at 26 Ok Reg 1413, eff 6-11-09]