OLYMPIA, Wash. – Five months after it began the rulemaking process, the state Division of Credit Unions has finalized its rule increasing the rate of assessments and fees paid to the division by credit unions. The rule takes effect on June 23, 2001. It provides for three successive increases between this year and next in the division's rate of assessments. On June 23, the rule increases the rate of the division's assessments and hourly fees by 2.87%, which represents the fiscal growth factor for fiscal year 2001. On July 1, the rate of assessments and hourly fees increases by 2.79%, the amount of the fiscal growth factor for fiscal year 2002. Lastly, on July 1, 2002, the rate of assessments and hourly fees increases by the amount of the fiscal growth factor for fiscal year 2003. That is currently estimated at 2.98%.
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