Assessment Calculation

2024-25 Assessment

Credit Unions

The 2024-25 assessment rate was set at $1.00 per $1,000 of assets, an increase of $0.01 from last year’s rate of $0.99. Invoices were mailed on June 28. Payments will be due by August 1, unless the institution elects to pay via electronic funds transfer. EFT payments will be due no later than August 8. If you have any questions about the calculation of the assessment for your credit union, please refer to How to Calculate Your Assessment for credit unions (PDF).

Money Transmitter

The 2024-25 assessment rate was set at $0.015 per $1,000 received for transmission by a licensee in calendar year 2023, an increase of $0.002 from last year’s rate of $0.013. The 2024-25 assessment rate for issuers of payment instruments and stored value was set at $0.63 per $1,000 of total payment instruments and stored value sold by a licensee. The rate has not changed since 2012.

For questions about the calculation of an assessment email MT.Inquiries@dfpi.ca.gov. Questions regarding assessment payment processing should be directed to Accounting at AccountingAR@dfpi.ca.gov.