The Remuneration of Credit Union Directors


Subscribers to Swoboda have free access to these papers, as well as conference tickets and other benefits. Non-members can purchase papers.

This is a ‘hot topic’, and the paper does not advocate for or against the introduction of remuneration for board directors elected from the membership who traditionally have not been been paid.


But we are aware that some credit unions have determined this is in the best interests of their members, in light of the increasing regulatory and operational complexity of the credit unions, and the paper offers recommendations for the development of a director remuneration policy consistent with credit union values and principles. These conclusions are based on researching best practice from credit unions, co-ops and financial  services mutuals in Britain, and from credit unions in North America.