Allows credit unions to pay board members for their services.

New Hampshire SB487 amends the state's banking laws to allow credit unions to compensate members of their board of directors, credit committee, and supervisory committee for their services. Previously, these individuals could not receive additional compensation beyond their roles as officers, directors, or employees. The bill repeals and reenacts RSA 383-E:6-607(a) to permit such payments, which can be set by the credit union members at annual meetings.

Allows credit unions to pay board members for their services.

New Hampshire SB487 amends the state's banking laws to allow credit unions to compensate members of their board of directors, credit committee, and supervisory committee for their services. Previously, these individuals could not receive additional compensation beyond their roles as officers, directors, or employees. The bill repeals and reenacts RSA 383-E:6-607(a) to permit such payments, which can be set by the credit union members at annual meetings.