Subject of Possible Rule Making: Increasing fees and assessments of the Division of Credit Unions: Providing for an automatic annual increase in fee and assessment levels, up to the "fiscal growth factor" under chapter 43.135 RCW; allowing for the waiver of fee and assessment increases.

Statutes Authorizing the Agency to Adopt Rules on this Subject: RCW 31.12.516, 43.320.040.

Reasons Why Rules on this Subject may be Needed and What They Might Accomplish: To provide necessary revenue increases to support the division.

Process for Developing New Rule: Consultation with stakeholders.

Interested parties can participate in the decision to adopt the new rule and formulation of the proposed rule before publication by contacting Parker Cann, Director of Credit Unions, 210 11th Street S.W., Room 300, P.O. Box 41200, Olympia, WA 98504, phone (360) 902-8778, fax (360) 704-6978, e-mail pcann@dfi.wa.gov, at or before any public hearing held on the rule.

January 24, 2001

John L. Bley

Director

© Washington State Code Reviser's Office