PRIA Logo™
MassachusettsH 1338194th General Court (2025-2026)HouseWALLET

An Act allowing fair compensation of Massachusetts credit union directors

Sponsored By: Andres X. Vargas (Democratic)

Signed by Governor

Financial ServicesHouse RulesHouse Steering, Policy and SchedulingSenate Rules

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Credit union directors can be paid

Any Massachusetts state-chartered credit union can pay its directors and committee members for their service. The members of each credit union set the pay at the annual meeting. The law sets no required payment, no minimum, and no cap. The act takes effect upon passage.

Sponsors & Cosponsors

Sponsor

  • Andres X. Vargas

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 6 • No: 0

committee vote • 7/30/2026

Committee Place in OD: Placed in the Orders of the Day

Yes: 6 • No: 0 • Other: 1

Actions Timeline

  1. Signed by the Governor, Chapter 195 of the Acts of 2026

    8/26/2026

  2. Enacted and laid before the Governor

    8/17/2026Senate

  3. Enacted

    8/17/2026House

  4. Emergency preamble adopted

    8/13/2026Senate

  5. Emergency Preamble adopted

    8/13/2026House

  6. Read third (title changed) and passed to be engrossed

    8/10/2026Senate

  7. Taken out of the Orders of the Day

    8/10/2026Senate

  8. Read second and ordered to a third reading

    7/31/2026Senate

  9. Rules suspended

    7/31/2026Senate

  10. Committee reported that the matter be placed in the Orders of the Day for the next session

    7/31/2026Senate

  11. Accompanied by S821

    7/31/2026Senate

  12. Read; and referred to the committee on Senate Rules

    6/23/2026Senate

  13. Read third, amended and passed to be engrossed

    6/18/2026House

  14. Read second and ordered to a third reading

    2/12/2026House

  15. Rules suspended

    2/12/2026House

  16. Committee reported that the matter be placed in the Orders of the Day for the next sitting

    2/12/2026House

  17. Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling

    1/15/2026House

  18. Reported on a part of H4931

    1/15/2026House

  19. Reported from the committee on House Rules

    1/15/2026House

  20. Accompanied a study order, see H4931

    1/15/2026House

  21. Hearing rescheduled to 10/30/2025 from 10:30 AM-02:00 PM in A-2 <br> <span style="color: blue; font-style: italic;">Hearing updated to New End Time</span>

    10/30/2025legislature

  22. Hearing rescheduled to 10/30/2025 from 10:30 AM-04:00 PM in A-2 <br> <span style="color: blue; font-style: italic;">Hearing updated to New End Time</span>

    10/30/2025legislature

  23. Hearing scheduled for 10/30/2025 from 10:30 AM-01:00 PM in A-2

    10/21/2025legislature

  24. Senate concurred

    2/27/2025Senate

  25. Referred to the committee on Financial Services

    2/27/2025House

Bill Text

  • Chapter 195 of the Acts of 2026

    8/26/2026

    PDF

Related Bills

Back to State Legislation