Use this form to request permission to grant Capital Credits (equity in the Co-Op) to Members of your team for work that otherwise would be cmpensated with a monetary payment.
Use this form to report work done that is to be compensated with Capital Credits. List each Member, their ULU ID # and the number of Credits they are to receive this date or for this period.
Compensation of Capital Credits
Board of Directors Members or their designee are granted the authority to reward ULU Members Capital Credits (1 credit = $1 US) for work done that might otherwise be paid for in cash.
The number of Credits and their frequency should be considered on a case by case base, balanced by precedence over time.
The two forms below should be completed and submitted by appropriate party (Board Member or authorized administrator) to ULU Treasurer for approval. Denied request may be appealed to the Executive Committee and then to the Board of Directors.