Credit unions received invoices for their 1% capitalization deposit adjustments and annual operating fee. The capitalization deposit is computed based on the total insured shares reported as of December 31, 2020. The operating fee is based on the credit union’s four-quarter average of total assets reported as of Sept. 30, 2020, June 30, 2020, March 31, 2020 and Dec. 31, 2019. Payment is due on April 15, 2021.
- Credit unions that authorized an automated payment through Pay.gov (opens new window) will be debited the invoiced amount on April 15, 2021.
- Credit unions due a capitalization deposit refund and signed up for ACH deposit will receive the refund on April 9, 2021. Other credit unions will receive their refund by U.S. Treasury check shortly thereafter.
Credit unions should direct any questions to email@example.com. Please include the credit union name and charter number in the inquiry.