An Act allowing fair compensation of Massachusetts credit union directors
Generates a plain-language summary of the bill text and history.
| Date | Branch | Action |
|---|---|---|
| 1/15/2026 | Senate | Bill reported favorably by committee and referred to the committee on Senate Rules |
| 10/30/2025 | Joint | Hearing rescheduled to 10/30/2025 from 10:30 AM-02:00 PM in A-2 — Hearing updated to New End Time |
| 10/30/2025 | Joint | Hearing rescheduled to 10/30/2025 from 10:30 AM-04:00 PM in A-2 — Hearing updated to New End Time |
| 10/21/2025 | Joint | Hearing scheduled for 10/30/2025 from 10:30 AM-01:00 PM in A-2 |
| 2/27/2025 | House | House concurred |
| 2/27/2025 | Senate | Referred to the committee on Financial Services |
No additional cosponsors.
| Committee | Recommendation | Vote |
|---|---|---|
| J11 | Favorable | 1 entries |
| Bill | Title | Status |
|---|---|---|
| H1338 | An Act allowing fair compensation of Massachusetts credit union directors | Active |
Section 20 of Chapter 171 of the General Laws is hereby amended by striking out the first sentence and inserting in place thereof the following sentence:- Any credit union may compensate each of the members of the board of directors for his or her services as a member of the board or any committee thereof a sum that may, from time to time, be fixed by the members at an annual meeting.
This act shall take effect upon its passage.
SECTION 1. Section 20 of Chapter 171 of the General Laws is hereby amended by striking out the first sentence and inserting in place thereof the following sentence:- Any credit union may compensate each of the members of the board of directors for his or her services as a member of the board or any committee thereof a sum that may, from time to time, be fixed by the members at an annual meeting. SECTION 2. This act shall take effect upon its passage.