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, 2021. The Operating fee is based on the credit union’s four-quarter average of total assets reported as of September 30, 2021, June 30, 2021, March 31, 2021, and December 31, 2020. Note that for 2022 the NCUA Board lowered the amount of the total operating fee to be collected by $15 million due to excess cash available in the operating fund. Payment is due on April 15, 2022.
Credit unions that have authorized automated payment through Pay.gov (opens new window) will be debited the invoiced amount on April 15, 2022. Credit unions that signed up for ACH deposit that are due a capitalization deposit refund will receive the refund on April 8, 2022. Other credit unions will receive their refund by U.S. Treasury check shortly thereafter.
Credit unions should direct any questions to firstname.lastname@example.org along with their name and charter number.