Regarding the Editor's Column in the Nov. 3 issue, I have alwaysbeen of the opinion that boards are volunteers and sending them toconferences was both a treat and an education. If they wanted to bepaid, they shouldn't volunteer.
|But what a Canadian credit union said about paying its board isnot comparing apples with apples. Canadian CUs operate under acompletely different set of rules and regulations. Better to find aCU here that pays its board and ask them.
|And while I'm on it, every time a banker says CUs should betaxed, ask them if they would then require all Subchapter S banksto be opted out of Subchapter S and taxed? They never mention thehuge number of these banks.
|James Whitman
Director
Tulsa Federal CU
Tulsa, Okla.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
- Exclusive discounts on ALM and CU Times events.
- Access to other award-winning ALM websites including Law.com and GlobeSt.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
