State • Massachusetts

H 1338: An Act allowing fair compensation of Massachusetts credit union directors

Andy VargasEnacted

H 1338 status: Enacted — Enacted and laid before the Governor (updated Aug 17, 2026).

1

What this bill does

Overall score

Score60/100 civic fit
RiskLow risk
ImpactModerate impact 40/100

Bill summary

Official

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.

Key analysis

Constitutionality100%
Bipartisan50%
Public opinion50%
2

Impact analysis

Environment

Mixed / Neutral
50%

Benefits

  • No direct impact on environmental policy.

Risks

  • No direct impact on environmental policy.

Economy

Positive Outlook
60%

Benefits

  • May improve board talent acquisition.
  • Aligns credit union governance with broader corporate standards.

Risks

  • Introduces potential new operating costs for member-owned institutions.

Society

Mixed / Neutral
50%

Benefits

  • Neutral impact on general consumer rights.

Risks

  • No material change to social equity or public services identified.
3

How trustworthy & consequential it is

Source

OpenStates

Confidence

low

low

Analysis status

OpenStates summary

Warning

Lack of detail on conflict-of-interest safeguards for board compensation.

Limitation

Analysis based solely on abstract; full text of compensation caps or guidelines not provided.

4

Where it stands

Enacted and laid before the Governor

Introduced

Complete

Committee

Complete

Floor

Complete

Governor

Complete

Enacted

Complete
5

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6

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