Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can board and committee members be compensated?

committee Compensated members
0
Posted

Can board and committee members be compensated?

0

Because a credit union is a nonprofit organization, there is no compensation for the board or committee members. However, committee members can receive compensation for duties above and beyond what is expected of them. Credit unions can reimburse directors for out-of-pocket expenses related to attendance at board meetings.

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123