A couple of state legislatures have recognized the value of credit union directors’ work toward maintaining a safe and sound credit union. Washington State and Tennessee credit union regulators recently permitted state-chartered credit unions there to compensate board members for their time. This was a wise move for a number...
There are some good reasons to pay credit union board members. But why aren't the bankers objecting?>
State-chartered credit unions in Volunteer State can now pay volunteers.
Tennessee becomes second state in past two months to take up whether to allow credit unions to compensate board members.