Tuesday, April 19, 2016

Colorado State Chartered CUs May Pay Directors Beginning on August 10, 2016

Colorado Governor John Hickenlooper signed SB 125: Credit Union Governance into law.

The new law will give state chartered credit unions in Colorado the ability to compensate board members.

SB 125 will also allow an audit committee to replace a supervisory committee.

The new law goes into effect August 10, 2016.

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