An Act allowing fair compensation of Massachusetts credit union directors

Summary

This bill permits Massachusetts state-chartered credit unions to compensate their board of directors, reversing a long-standing prohibition. It affects credit union directors and the institutions they serve, aiming to modernize governance and attract diverse talent. Allowing compensation brings state credit unions in line with federal credit unions and banks.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share