Board of Directors and Audit Committee Compensation Schedule
As permitted by law and the Credit Union's Bylaws, HAPO provides reasonable compensation to the Board of Directors and Audit Committee for their service to the Credit Union. An annual stipend is payable in quarterly installments in recognition of the education and time requirements that are necessary and expected of Board members, who set the general direction and control of the Credit Union and Audit Committee members who provide oversight regarding the safety and soundness of the Credit Union.
As required by law, the members of the Credit Union shall be informed of the compensation provided to Directors and Audit Committee members.
Compensation Plan. The annual stipend ranges between $18,000 and $25,000 for Board Members and is based on leadership positions held. The Annual Stipend for Audit Committee Members not serving on the board is $6,000.
|Director & Board Chair||$25,000|
|Director & Board Secretary||$22,000|
|Director & Audit Committee Member||$20,000|
|Audit Committee Member||$6,000|
Board Compensation Schedule for 2018.
Audit Committee PO Box