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Disclosure to Membership

Board of Directors Compensation Schedule

As permitted by law and the Credit Union's Bylaws, HAPO provides reasonable compensation to the Board of Directors 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.

As required by law, the members of the Credit Union shall be informed of the compensation provided to Directors.

Compensation Plan. Then annual stipend ranges between $15,000 and $20,000 for Board Members and is based on leadership positions held.

Director & Board Chair$20,000
Director & Board Secretary$18,000
Director & Audit Committee Member$16,000
Director$15,000

Compensation Schedule for 2016.

William Tanner$20,000
Ken Bays$18,000
Ken Gale$16,000
Bill Tyler$15,000
William Clarke$15,000
Ken Hohenberg$15,000
Rich Cummins$15,000