Board of Directors & Supervisory Committee Compensation
Rivermark has established a Compensation Policy to provide reasonable compensation for its Board of Directors and Supervisory 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.
The Credit Union provides reasonable compensation in the form of an annual stipend, paid quarterly, and based on the leadership and position held. The initial pay period will begin on November 1, 2018. 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 Supervisory Committee members for 2018-2019.
|Supervisory Committee Chair||$10,000|
|Supervisory Committee Member||$7,000|