The Oregon-Idaho border Source: Shutterstock.

Most credit unions around the country rely on the good-natured members who volunteer for board seats and other committee positions to help run the credit union. While good intentions might be nice, sometimes the most qualified people do not sit on those committees. In Oregon, lawmakers have approved a bill that could help bring in higher-qualified members to sit in those positions.

In Oregon, credit unions are one step closer to being able to pay stipends to its members who volunteer to serve on committees such as nominating and DEI committees. Currently, Oregon credit unions are allowed to pay stipends to those serving on its board of directors and supervisory committees.

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Michael Ogden

Editor-in-Chief for CU Times.

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