|Arnould Ramirez, Research and Information Consultant for the California and Nevada Credit Union Leagues|
VOLUNTEER GIFTS: WHAT THE LAW SAYS
updated 10/07/13 01:44 PM
CUs Should Seek Counsel
This year, some credit unions may return to giving members of their board, credit committee, and supervisory committee a small Christmas gift.
These gifts are intended as an expression of appreciation for the many hours contributed by these volunteers.
But in general, compensation for board members, credit committee members, and supervisory committee members is restricted.