Section 1733.22 | Compensation and benefits.
(A) No officer, director, or employee of any credit union shall receive any commission, salary, or other emolument for services arising out of the officer's, director's, or employee's association with the credit union except per diem, wages, or salary which the officer, director, or employee receives, subject to rules adopted under section 1733.411 of the Revised Code, as compensation for services to the credit union.
(B) No director or member of any committee shall receive any compensation for services as such; however, unless otherwise provided in the articles or regulations, a credit union may provide, at its expense, a director or committee member reasonable health, accident, and related types of personal insurance protection. A director or committee member is entitled, subject to rules adopted under section 1733.411 of the Revised Code and when so authorized by the board of directors, to reimbursement for the director's or committee member's expenses incurred in connection with the business of the credit union.
Available Versions of this Section
- April 14, 2006 – House Bill 81 - 126th General Assembly [ View April 14, 2006 Version ]
- March 20, 2019 – Amended by House Bill 489 - 132nd General Assembly [ View March 20, 2019 Version ]