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.
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|
Compensation Schedule for 2016.