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Miscellaneous

Washington Regulator Says Unelected ‘Associate’ Directors Have Same Responsibilities

FEB 10, 2008 9:18pm ET

OLYMPIA, Wash. – The growing number of credit unions adding non-voting "associate" members to their boards of directors should understand that associates must meet the same statutory requirements as elected members of a board, the state regulator here said in a new interpretative letter.

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