SB 487 · 2026 · Senate · Commerce Committee
Paying credit union board members
AI-generatedallowing credit union members to pay members of the board of directors for their services as a board member.
Allows credit unions to pay members of their board of directors for service as a board member.AI-generated
Status
Signed into law · June 24, 2026- ✓Introduced
- ✓Senate
- ✓House
- ✓Governor
- ✓Law
Analysis
This bill allows credit union members to pay members of the board of directors for their services as a board member.
From the bill's official ANALYSIS section.
In the bill's words
Quoted verbatim from the bill as enacted. Passages chosen from the operative text.Computed by this site
“Any credit union may pay to each of the members of the board of directors, credit committee, and supervisory committee for his or her services as a member of the board or committee a sum that may, from time to time, be fixed by the members at an annual meeting.”
“No officers, directors, or employees shall receive any other compensation or fee for services provided to the credit union beyond their compensation as officers, directors, or employees.”
Official record
gc.nh.gov · the authoritative source
Sponsors
- Sen. Keith MurphyRDeputy President Pro Tempore
- Rep. John HuntRChair· Commerce and Consumer Affairs
- Rep. John PotucekRVice Chair· Commerce and Consumer Affairs
- Rep. Anita BurroughsDRanking Member· Commerce and Consumer Affairs
Also: Sen. Tim McGoughR, Rep. James ThibaultR, Rep. Jared SullivanD
Public testimony
Votes
yeanay- Feb 19, 2026SenateCommittee report: Ought to Pass5–0Overall100% yea
- Feb 19, 2026SenateVoice voteOught to Passadopted
- Apr 29, 2026HouseCommittee report· consent calendar: Ought to Pass15–0Overall100% yea
- May 14, 2026HouseVoice voteOught to Passadopted
- Jun 4, 2026SenateVoice voteEnrolledadopted
Hearings and debates
- Feb 3, 2026Public hearingSenate Commerce1:28:22–1:38:079m 45slocated in the stream transcriptHearing
- Feb 19, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamCommittee Report: Ought to Pass; Ought to Pass — adopted, voice vote
- Apr 8, 2026Public hearingHouse Commerce and Consumer Affairs4:01:31–4:04:313mlocated in the stream transcriptPublic Hearing
- Apr 21, 2026Public hearingHouse Commerce and Consumer AffairsWatchnot located in the transcript — opens the full streamSubcommittee Work Session
- Apr 29, 2026Public hearingHouse Commerce and Consumer Affairs13:07–14:441m 37slocated in the stream transcriptCommittee Report: Ought to Pass; Executive Session
- May 14, 2026Floor debateHouse floorWatchnot located in the transcript — opens the full streamOught to Pass — adopted, voice vote
- Jun 4, 2026Floor debateSenate floorWatchnot located in the transcript — opens the full streamEnrolled Adopted — voice vote
Timestamps locate where this bill is taken up in the chamber's YouTube stream.
Legislative history
- Jan 7, 2026SenIntroduced 01/07/2026 and Referred to Commerce; SJ 1
- Feb 3, 2026SenHearing: 02/03/2026, Room 100, SH, 10:15 am; SC 1
- Feb 19, 2026SenCommittee Report: Ought to Pass, 02/19/2026; Vote 5-0; CC; SC 6
- Feb 19, 2026SenOught to Pass: MA, VV; OT3rdg; 02/19/2026; SJ 4
- Feb 19, 2026HouseIntroduced (in recess of) 02/19/2026 and referred to Commerce and Consumer Affairs HJ 5 P. 124
- Apr 8, 2026HousePublic Hearing: 04/08/2026 01:45 pm GP 229
- Apr 21, 2026HouseSubcommittee Work Session: 04/21/2026 01:15 pm GP 229
- Apr 29, 2026HouseExecutive Session: 04/29/2026 10:00 am GP 229
- Apr 29, 2026House: Ought to Pass 04/29/2026 (Vote 15-0; CC) HC 19 P. 7
- May 14, 2026HouseOught to Pass: MA VV 05/14/2026 HJ 13 P. 2
- Jun 4, 2026HouseEnrolled (in recess of) 06/04/2026 HJ 15
- Jun 4, 2026SenEnrolled Adopted, VV, (In recess 06/04/2026); SJ 14
- Jun 19, 2026SenSigned by the Governor on 06/19/2026; Chapter 188; Effective 08/18/2026
Coverage
No reporting linked yet.
Documents (PDF)
Bill text & amendments link direct to gc.nh.gov; committee reports stream from the state record.