SB487 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.
Impact Score — How Does This Bill Affect You?
Overall Impact Score
Concerning
Scale: 1 (harmful) to 10 (beneficial)
Your Wallet
Could modestly increase credit union operating costs passed to members through fees, but may also attract better-qualified board leadership that improves financial management.
Your Community
Credit unions serve communities as member-owned institutions. Paid boards could attract more diverse and qualified leadership but shifts the volunteer ethos.
Your Freedom
Gives credit union members the democratic choice to decide whether to compensate their board members rather than having the state mandate unpaid service.
Status
Enrolled (in recess of) 06/04/2026 House Journal 15
Sponsor
Daniel Innis (R)
The Short Version
Allows credit union members to vote to compensate their board of directors. Currently credit union board members serve as unpaid volunteers, which can limit the pool of qualified candidates willing to serve.
Who's Behind This Bill?
Who Benefits
- ▲ Credit union board members who could receive compensation
- ▲ Credit unions struggling to recruit qualified board candidates
Who Pays the Price
- ▼ Credit union members who may see slightly higher fees
- ▼ Smaller credit unions with limited budgets
Bill statuses as of May 2026. Check LegiScan or NH General Court for the latest.
This bill was auto-scored using AI analysis of the bill text and legislative data. Scores may be refined as we review more bills.