Director Remuneration

Directors of Meridian’s Board are paid an annual honorarium in recognition of the significance of the accountabilities and responsibilities associated with governing Meridian, and in recognition of the time required to fulfill their responsibilities.  As the duties of the Board Chair and Committee Chairs add to this workload, Meridian recognizes this with increased honorariums.    

The current schedule for honorariums is as follows

$35,000   Board Chair    
$25,000   Audit Committee Chair
$20,000   Board Vice Chair and Chairs of other Committees
$15,000   Director

Directors are additionally paid a per diem for each meeting attended.

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Meridian Credit Union