Florida Statutes 657.053 – Assessments; state credit unions
Current as of: 2024 | Check for updates
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Terms Used In Florida Statutes 657.053
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Credit union: means any cooperative society organized pursuant to this chapter. See Florida Statutes 657.002
Each state credit union shall pay to the office a semiannual assessment equal to $500 plus 15 cents for each $1,000 of total assets. The amounts of all assessments provided for in this section shall be deemed to be maximum amounts. The commission has the authority to establish, by rule, and from time to time to change, assessments in amounts less than the maximum amounts stated in this section.