state_legiscan_drain · MA
Allowing fair compensation of Massachusetts credit union directors
February 27, 2025
Summary
If enacted, this bill would allow Massachusetts credit union directors to receive fair compensation for their service, removing any existing prohibition or cap. The change would affect credit union governance by permitting board members to be paid, subject to state financial services oversight.
AI-generated summary · Aug 2, 2026. Verify with your compliance counsel before acting.
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Source: https://malegislature.gov/Bills/194/S821
Common questions
- What does "Allowing fair compensation of Massachusetts credit union directors" cover?
- If enacted, this bill would allow Massachusetts credit union directors to receive fair compensation for their service, removing any existing prohibition…
- When was it published?
- It was published on February 27, 2025.