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SB487 • 2026

allowing credit union members to pay members of the board of directors for their services as a board member.

allowing credit union members to pay members of the board of directors for their services as a board member.

Labor
Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor
Daniel Innis (R), John Hunt (R), Anita Burroughs (D), Tim McGough (R), John Potucek (R), Jared Sullivan (D), Keith Murphy (R), James Thibault (R)
Last action
2026-06-24
Official status
SIGNED BY GOVERNOR
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

allowing credit union members to pay members of the board of directors for their services as a board member.

allowing credit union members to pay members of the board of directors for their services as a board member.

What This Bill Does

  • allowing credit union members to pay members of the board of directors for their services as a board member.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-06-24 S

    Signed by the Governor on 06/19/2026; Chapter 188; Effective 08/18/2026

  2. 2026-06-10 H

    Enrolled (in recess of) 06/04/2026 HJ 15

  3. 2026-06-10 S

    Enrolled Adopted, VV, (In recess 06/04/2026); SJ 14

  4. 2026-05-14 H

    Ought to Pass : MA VV 05/14/2026 HJ 13

  5. 2026-05-01 H

    Committee Report: Ought to Pass 04/29/2026 (Vote 15-0; CC) HC 19 P. 7

  6. 2026-04-22 H

    Executive Session: 04/29/2026 10:00 am GP 229

  7. 2026-04-16 H

    Subcommittee Work Session: 04/21/2026 01:15 pm GP 229

  8. 2026-04-01 H

    Public Hearing: 04/08/2026 01:45 pm GP 229

  9. 2026-02-26 H

    Introduced (in recess of) 02/19/2026 and referred to Commerce and Consumer Affairs HJ 5 P. 124

  10. 2026-02-09 S

    Committee Report: Ought to Pass, 02/19/2026; Vote 5-0; CC; SC 6

  11. 2026-02-09 S

    Ought to Pass : MA, VV; OT3rdg; 02/19/2026; SJ 4

  12. 2026-01-27 S

    Hearing: 02/03/2026, Room 100, SH, 10:15 am; SC 1

  13. 2025-11-21 S

    Introduced 01/07/2026 and Referred to Commerce; SJ 1

Official Summary Text

allowing credit union members to pay members of the board of directors for their services as a board member.

Current Bill Text

Read the full stored bill text 
CHAPTER 188
SB 487 - FINAL VERSION

2026 SESSION
26-2052
07/05

SENATE BILL
487

AN ACT
allowing credit union members to pay members of the board of directors for their services as a board member.

SPONSORS: Sen. Innis, Dist 7; Sen. McGough, Dist 11; Sen. Murphy, Dist 16; Rep. Hunt, Ches. 14; Rep. Potucek, Rock. 13; Rep. Thibault, Merr. 25; Rep. Burroughs, Carr. 2; Rep. J. Sullivan, Graf. 2

COMMITTEE: Commerce

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ANALYSIS

This bill allows credit union members to pay members of the board of directors for their services as a board member.

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Explanation: Matter added to current law appears in
bold italics.
Matter removed from current law appears [
in brackets and struckthrough.
]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
26-2052
07/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twenty-Six

AN ACT
allowing credit union members to pay members of the board of directors for their services as a board member.

Be it Enacted by the Senate and House of Representatives in General Court convened:

188:1 Banks and Banking; Loan Associations; Credit Unions; Compensation. RSA 383-E:6-607(a) is repealed and reenacted to read as follows:
(a) 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.

188:2 Effective Date. This act shall take effect 60 days after its passage.

Approved: June 19, 2026
Effective Date: August 18, 2026