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HOUSE DOCKET, NO. 3222 FILED ON: 1/16/2025
HOUSE . . . . . . . . . . . . . . . No. 1338
The Commonwealth of Massachusetts
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PRESENTED BY:
Andres X. Vargas
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act allowing fair compensation of Massachusetts credit union directors.
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PETITION OF:
NAME:DISTRICT/ADDRESS :DATE ADDED:Andres X. Vargas3rd Essex1/16/2025 1 of 1
HOUSE DOCKET, NO. 3222 FILED ON: 1/16/2025
HOUSE . . . . . . . . . . . . . . . No. 1338
By Representative Vargas of Haverhill, a petition (accompanied by bill, House, No. 1338) of
Andres X. Vargas relative to credit union compensation to members of boards of directors.
Financial Services.
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Fourth General Court
(2025-2026)
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An Act allowing fair compensation of Massachusetts credit union directors.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority
of the same, as follows:
1 SECTION 1. Section 20 of Chapter 171 of the General Laws is hereby amended by
2striking the first sentence and inserting in place thereof the following new sentence: Any credit
3union may compensate each of the members of the board of directors for his or her services as a
4member of the board or any committee thereof a sum that may, from time to time, be fixed by
5the members at an annual meeting.
6 SECTION 2. This act shall take effect upon its passage.