Reduction of NH Examination Fees Announced; CCUA advocated for change

New Hampshire Commissioner of Banks Gerald H. Little recently released a memorandum to state chartered credit unions and other regulated entities regarding the examination per diem fee change. Pursuant to state law and the New Hampshire Banking Department’s (“Department”) policy and procedure, the per diem fee for all state-chartered credit unions has been calculated to be $908. This new per diem fee represents a $166 or 15.5% decrease from the current fee and will be charged for all examinations commencing on or after October 1, 2021.

This issue was part of the Cooperative Credit Union Association’s state legislative advocacy platform. Prior to the introduction of the measure and during the public hearing process, the Association worked closely with the Department and policymakers to support the change. In particular, credit unions remained steadfast in support of the legislation provided that other institutions, such as family trusts, be accountable for costs associated with their extensive application and notice reviews conducted by the Department. Such action serves to lower amounts paid by credit unions.

“We appreciate the Department taking our concerns into consideration and reducing the per diem fee,” stated Ron McLean, Association President/CEO. “We will not waiver in our support of credit unions and their members.”  

The communication has been posted to the Department’s website at www.nh.gov/banking. Please contact the Association at advocacynh@ccua.org if you have any questions or comments.

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