allowing credit union members to pay members of the board of directors for their services as a board member.

Summary

The bill amends state credit‑union statutes so that members can set a fee for directors, credit committee and supervisory committee members at the annual meeting. It limits compensation to that member‑approved amount and bars any additional pay beyond regular officer or employee wages. The change aims to give members more control over board compensation while preventing extra fees.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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