Board of Directors and Audit Committee

Guided by our Board of Directors

As a member–owned financial cooperative, we are governed by a Board of Directors which is elected by and from our membership. Rivermark and its members are best served with a diverse group of Officials that contribute a wide range of skills, business backgrounds, community involvement experience, and knowledge of credit unions and financial services.

Our Board is responsible for the general direction and control of the Credit Union, including establishing the strategic plan, reviewing the Credit Union’s financial performance and annual budget and approving policies.

The Board appoints an Audit Committee which is responsible for ensuring the integrity of the Credit Union’s financial statements, compliance with legal and regulatory requirements, and ensuring policies and procedures are in place to protect the financial soundness of the Credit Union.

Leadership Compensation

Board of Directors & Audit Committee Compensation

Rivermark has established a Compensation Policy to provide reasonable compensation for its Board of Directors and Audit Committee as allowed by law and the Credit Union’s Bylaws. This Policy recognizes the education and time requirements that are necessary and expected of the Directors and Committee Members, who set general direction and control of the Credit Union.

Compensation Schedule

The Credit Union provides reasonable compensation in the form of an annual stipend, paid quarterly, and based on the leadership and position held. This structure provides compensation commensurate with the respective time demands of the different positions. The following annual compensation was approved for the Board of Directors and Audit Committee members for terms served from May 2023 through April 2024.

If you have any questions about the Board of Directors or Audit Committee, please contact Bonnie Dibb at 503.626.6600, extension 696 or [email protected].