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How much do board directors jobs pay per year?

As of Sep 13, 2026, the average yearly pay for board directors in the United States is $123,955.00, according to ZipRecruiter salary data. Most workers in this role earn between $106,000.00 and $137,000.00 per year, depending on experience, location, and employer.

What is the role of a board director?

A Board Director provides strategic guidance, oversight, and governance for an organization. They help set policies, make high-level decisions, and ensure the company operates in the best interests of its stakeholders. Directors review financial performance, assess risk, and support executive leadership while maintaining legal and ethical standards. Their primary duty is to act in the organization's and shareholders' best interests.

What are the primary responsibilities of a board director throughout the year?

Board Directors are responsible for attending regular board meetings, reviewing company performance reports, and participating in strategic planning sessions. They also serve on committees such as audit, compensation, or governance, which often require additional time and collaboration. Outside of meetings, Board Directors are expected to stay informed about industry trends, provide guidance to executive management, and ensure the organization complies with regulatory requirements. This role requires a balance of big-picture oversight and active engagement in critical company decisions throughout the year.

What are the key skills and qualifications needed to thrive as a board director, and why are they important?

To thrive as a Board Director, you typically need extensive leadership experience, strategic thinking abilities, and a solid understanding of corporate governance, often supported by advanced degrees or industry credentials. Familiarity with financial statements, governance frameworks, and board management software such as Diligent Boards is important. High-level interpersonal skills, sound judgment, and the ability to build consensus are essential soft skills for this position. These qualifications ensure effective oversight, informed decision-making, and foster trust among stakeholders and executive leadership.

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Board Directors jobs near you
Infographic showing various Board Directors job openings in the United States as of September 2026, with employment types broken down into 1% Locum Tenens, 3% As Needed, 78% Full Time, 16% Part Time, and 2% Contract. Highlights an 93% Physical, 2% Hybrid, and 5% Remote job distribution, with an average salary of $123,955 per year, or $59.6 per hour.

Board of Directors Member - Volunteer

Winona, MN • On-site

Affinity Plus Federal Credit Union
Commercial Banking • 501 - 1,000 employees
Learn more about Affinity Plus Federal Credit Unionexternal

Full-time

Posted 27 days ago

Key responsibilities

  • Provide governance oversight and strategic leadership for Affinity Plus.

  • Review and approve organizational policies, annual budgets, and major initiatives.

  • Monitor organizational performance and financial health.

Job description

Affinity Plus Board of Directors Member (Volunteer)

Help Shape the Future of Affinity Plus

Affinity Plus Federal Credit Union is seeking passionate, forward-thinking leaders to serve as volunteer members of our Board of Directors. As a member-owned financial cooperative, Affinity Plus is governed by a Board elected from and by its membership. Directors play a key role in representing members' interests, providing strategic oversight, and helping ensure the long-term success of the organization.

About Affinity Plus

Affinity Plus is dedicated to improving the financial lives of our members through a cooperative, member-focused approach. Our nine-member Board brings together leaders from diverse backgrounds and experiences to guide the organization's strategy, governance, and future growth.
Position Summary

As a volunteer member of the Board of Directors, you will provide governance oversight and strategic leadership for Affinity Plus. Directors work collaboratively with fellow Board members and executive leadership to support organizational success, monitor performance, and ensure the credit union remains financially sound and member-focused.


Key Responsibilities

Board members are expected to:
• Contribute to the development and oversight of Affinity Plus's long-term strategic vision.
• Review and approve organizational policies, annual budgets, and major initiatives.
• Monitor organizational performance and financial health.
• Evaluate and support the performance of the President/CEO.
• Identify opportunities to strengthen Affinity Plus and advance the credit union movement.
• Uphold fiduciary responsibilities and act in the best interests of the membership.
• Serve as ambassadors for Affinity Plus and its cooperative values.


Qualifications
We welcome candidates from a variety of backgrounds and experiences. To ensure diverse perspectives and strong representation of our membership, we are particularly interested in individuals who live in Greater Minnesota communities and those who bring experience in legal, entrepreneurial/small business, or marketing disciplines.

Successful candidates will demonstrate:
• Finance experience.
• A commitment to cooperative principles and member-focused service.
• Previous board, governance, or nonprofit leadership experience.
• Strategic planning and organizational leadership expertise.
• An understanding of the diverse communities served by Affinity Plus.
• Awareness of risks, opportunities, and emerging trends within financial services.
• An appreciation for the role financial well-being plays in strengthening individuals, families, and communities.
• Curiosity, sound judgment, and a willingness to learn.
• The ability to dedicate the time and energy necessary to fulfill Board responsibilities.
 
Preferred Experience
While not required, we are especially interested in candidates who bring expertise in one or more of the following areas:
• Legal, regulatory, compliance, or risk management experience
• Technology, IT and AI experience
• Entrepreneurship, small business ownership, or small business leadership
• Marketing, brand strategy, communications, public relations, or member/customer engagement
• Leadership experience within Greater Minnesota communities, helping ensure the Board reflects the geographic diversity of our membership

Most importantly, we seek leaders who are passionate about helping people improve their financial lives and who are committed to advancing Affinity Plus's mission, values, and cooperative purpose.

Time Commitment

Board Meetings
• Monthly meetings, typically held on the fourth Tuesday of each month.
• Approximately 3-4 hours per meeting.
• Combination of in-person and virtual participation.
• Advance review of meeting materials required.
• Regular attendance and active participation expected.

Committee Service
Directors serve on at least one Board committee, including:
• Governance Committee
• Nominating Committee
• Executive Committee
Committee participation generally requires an additional 2-4 hours per month.


Annual Strategic Planning
This collaborative session helps establish priorities and guide the future direction of Affinity Plus.
• Participation in an annual full-day strategic planning session.
• Typically held each September.


Board Education and Development
Affinity Plus is committed to supporting Board member growth and development through educational opportunities, conferences, and industry seminars.

As a federally regulated credit union, Affinity Plus operates under National Credit Union Administration (NCUA) requirements. Directors are expected to develop and maintain a working knowledge of:

• Financial statements, including balance sheets and income statements
• Credit union governance and operations
• Regulatory and compliance considerations
• Risk management and strategic oversight

Directors should be prepared to actively participate in ongoing education to strengthen their effectiveness as Board leaders and ensure compliance with NCUA expectations.


Eligibility Requirements

Applicants must:
• Be at least 18 years old.
• Be an Affinity Plus member in good standing, or become a member after assuming Board responsibilities.
• Meet attendance, participation, and educational expectations.
• Successfully complete required background, credit, and reference checks.
• Be eligible for bonding under Affinity Plus insurance requirements.

Term of Service
• Directors serve three-year elected terms.
• The successful candidate will begin service in March 2027 following the Annual Meeting.


Why Serve on the Board?
Serving on the Affinity Plus Board of Directors is an opportunity to make a meaningful impact on a member-owned organization that improves the financial well-being of individuals, families, and communities across Minnesota. You'll contribute your leadership experience, help shape strategic decisions, and support the continued success of one of Minnesota's leading credit unions.

If you are passionate about cooperative values, strategic leadership, and improving the financial well-being of individuals and communities across Minnesota, we encourage you to apply and help shape the future of Affinity Plus.


Applications will close on Friday, September 11th.