# Massachusetts H 1338: An Act allowing fair compensation of Massachusetts credit union directors

Massachusetts H 1338, An Act allowing fair compensation of Massachusetts credit union directors, is a 194th General Court (2025-2026) House bill sponsored by Andres X. Vargas (Democratic); status signed, last action 2026-08-26 (Signed by the Governor, Chapter 195 of the Acts of 2026); PRIA reads it as touching household money (as of 2026-11-01).

- Canonical: https://policyrisk.com/state-bill/MA-H1338-194
- As of: 2026-11-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Massachusetts H 1338
- State: Massachusetts
- Session: 194th General Court (2025-2026)
- Title: An Act allowing fair compensation of Massachusetts credit union directors
- Status: signed
- Chamber: House
- Introduced: 2025-02-27
- Last action: 2026-08-26, Signed by the Governor, Chapter 195 of the Acts of 2026
- Sponsor: Andres X. Vargas (Democratic)
- Cosponsors: 0
- Subjects: Financial Services, House Rules, House Steering, Policy and Scheduling, Senate Rules
- Touches household money: yes
- Roll calls: 1 (6 yes, 0 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Credit union directors can be paid: benefit, low. 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 and cosponsors

- Sponsor: Andres X. Vargas (Democratic), House

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2026-07-30 | committee | Committee Place in OD: Placed in the Orders of the Day | pass | 6 | 0 | 1 |

## Actions (25)

- 2026-08-26: Signed by the Governor, Chapter 195 of the Acts of 2026
- 2026-08-17: Enacted and laid before the Governor (Senate)
- 2026-08-17: Enacted (House)
- 2026-08-13: Emergency preamble adopted (Senate)
- 2026-08-13: Emergency Preamble adopted (House)
- 2026-08-10: Read third (title changed) and passed to be engrossed (Senate)
- 2026-08-10: Taken out of the Orders of the Day (Senate)
- 2026-07-31: Read second and ordered to a third reading (Senate)
- 2026-07-31: Rules suspended (Senate)
- 2026-07-31: Committee reported that the matter be placed in the Orders of the Day for the next session (Senate)
- 2026-07-31: Accompanied by S821 (Senate)
- 2026-06-23: Read; and referred to the committee on Senate Rules (Senate)
- 2026-06-18: Read third, amended and passed to be engrossed (House)
- 2026-02-12: Read second and ordered to a third reading (House)
- 2026-02-12: Rules suspended (House)
- 2026-02-12: Committee reported that the matter be placed in the Orders of the Day for the next sitting (House)
- 2026-01-15: Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling (House)
- 2026-01-15: Reported on a part of H4931 (House)
- 2026-01-15: Reported from the committee on House Rules (House)
- 2026-01-15: Accompanied a study order, see H4931 (House)
- 2025-10-30: 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> (legislature)
- 2025-10-30: 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> (legislature)
- 2025-10-21: Hearing scheduled for 10/30/2025 from 10:30 AM-01:00 PM in A-2 (legislature)
- 2025-02-27: Senate concurred (Senate)
- 2025-02-27: Referred to the committee on Financial Services (House)

## Bill text

- Chapter 195 of the Acts of 2026, 2026-08-26: [PDF](https://malegislature.gov/Bills/194/H1338.pdf)

## Related bills

- H 5435: An Act authorizing the town of Topsfield to continue to employment of police chief Neal Hovey (passed senate)
- H 4585: An Act authorizing the town of Auburn to offer expanded senior property tax abatements (signed)
- H 5515: An Act to increase the value of estates eligible for abatements pursuant to M.G.L. chapter 59, section 5, clauses seventeenth D and forty-first C in the town o… (passed house)
- H 5429: An Act providing injured on duty compensation to Chelmsford firefighter Nicholas Spinale (second reading)
- H 5520: An Act exempting George Patrinos from the maximum age requirement age for the position of firefighter in the town of Dudley (signed)
- H 3909: An Act authorizing the Provincetown year-round market rate rental housing trust to acquire year-round housing occupancy restrictions (signed)

## Sources
- [Chapter 195 of the Acts of 2026 (PDF)](https://malegislature.gov/Bills/194/H1338.pdf)

## Related
- [H 5435: An Act authorizing the town of Topsfield to continue to employment of police ch…](https://policyrisk.com/state-bill/MA-H5435-194)
- [H 4585: An Act authorizing the town of Auburn to offer expanded senior property tax aba…](https://policyrisk.com/state-bill/MA-H4585-194)
- [H 5515: An Act to increase the value of estates eligible for abatements pursuant to M.G…](https://policyrisk.com/state-bill/MA-H5515-194)
- [H 5429: An Act providing injured on duty compensation to Chelmsford firefighter Nichola…](https://policyrisk.com/state-bill/MA-H5429-194)
- [H 5520: An Act exempting George Patrinos from the maximum age requirement age for the p…](https://policyrisk.com/state-bill/MA-H5520-194)
- [H 3909: An Act authorizing the Provincetown year-round market rate rental housing trust…](https://policyrisk.com/state-bill/MA-H3909-194)
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Source: PRIA, https://policyrisk.com/state-bill/MA-H1338-194 (as of 2026-11-01).