I enjoyed reading Sarah Snell Cooke’s support of paying directors. I think paid directors will give credit unions another tool to manage their credit union better.
Credit union people are an eclectic bunch. When they’re all in one place, variety becomes more pronounced.
"We compensate board members more out of a sense of fairness than anything else,” explained Lin Hodges, president/CEO of Associated Credit Union of Norcross, Ga.
Part two of this analysis of credit union board compensation by Credit Union Times. From our July 10 print edition.
The reaction among the roomful of credit union board members was shock and awe. Explanations for board pay vary as do questions raised.
I’m very much what you see is what you get. I feel the need to forewarn bosses that I will always be honest with them, and occasionally more honest than I should be for self-preservation. I’m respectful about it and always do it for the right reasons, but there you...
It's all about disclosure. I’ve been covering the credit union community for 14 years and had no idea some volunteer directors are paid.
Part one of this analysis of credit union board compensation by Credit Union Times. From our July 3 print edition.
There are some good reasons to pay credit union board members. But why aren't the bankers objecting?>
Washington Gov. Jay Inslee signed a new law Monday that gives state-chartered credit unions the option to pay board members.