KommuneKredit is organised as an association, whose members are the local authorities which have loans or guarantees outstanding.
The members elect a Board of Directors to determine general policy and to approve major decisions. The Board of Directors has ten members of whom two are elected by the regions and six by the municipalities, and the Board of Directors elect two independent members. The term of office for the Board of Directors is four years. The Board of Directors normally meets four times a year.