---
type: "Bill"
title: "Credit unions; board of directors compensation."
description: "Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. This bill is identical to SB 296."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2020"
identifier: "HB 813"
citation: "Virginia HB 813 (2020)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Jeion A. Ward"]
version_count: 4
action_count: 26
vote_count: 5
first_action: "2020-01-07"
last_action: "2020-03-10"
source: "openstates"
source_identifier: "ocd-bill/0f76bbf7-6d2c-4315-bbf2-ed367b8996c8"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB813"
source_hash: "45fefc698cf43560e1a3adb77c542d1c9a58f39c60be54029ec14472d294cf10"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia HB 813 (2020) — Credit unions; board of directors compensation.

Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. This bill is identical to SB 296.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Acts of Assembly Chapter text (CHAP0262)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP0262)
2. **Bill text as passed House and Senate (HB813ER)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB813ER)
3. **Engrossed by House - committee substitute HB813H1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB813H1)
4. **Impact statement from SCC (HB813)** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB813)

## Votes

- Reported from Commerce and Labor (14-Y 0-N) — **14–0** (pass) · upper
- Constitutional reading dispensed (39-Y 0-N) — **39–0** (pass) · upper
- Reported from Labor and Commerce with substitute (17-Y 0-N) — **17–0** (pass) · lower
- Passed Senate (40-Y 0-N) — **40–0** (pass) · upper
- VOTE: (98-Y 0-N) — **97–0** (pass) · lower

## Sponsors

- Jeion A. Ward — primary (person)
- Don L. Scott — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-01-07** Prefiled and ordered printed; offered 01/08/20 20103003D `introduction`
- **2020-01-07** Referred to Committee on Labor and Commerce `referral-committee`
- **2020-01-10** Impact statement from SCC (HB813)
- **2020-01-23** House committee, floor amendments and substitutes offered
- **2020-01-23** Reported from Labor and Commerce with substitute (17-Y 0-N) `committee-passage`
- **2020-01-23** Committee substitute printed 20106517D-H1 `substitution`
- **2020-01-27** Read first time `reading-1`
- **2020-01-28** Read second time `reading-2`
- **2020-01-28** Committee substitute agreed to 20106517D-H1
- **2020-01-28** Engrossed by House - committee substitute HB813H1
- **2020-01-29** Read third time and passed House BLOCK VOTE (98-Y 0-N) `passage, reading-3`
- **2020-01-29** VOTE: (98-Y 0-N)
- **2020-01-30** Impact statement from SCC (HB813H1)
- **2020-01-30** Constitutional reading dispensed
- **2020-01-30** Referred to Committee on Commerce and Labor `referral-committee`
- **2020-02-17** Reported from Commerce and Labor (14-Y 0-N) `committee-passage`
- **2020-02-19** Constitutional reading dispensed (39-Y 0-N)
- **2020-02-20** Read third time `reading-3`
- **2020-02-20** Passed Senate (40-Y 0-N) `passage`
- **2020-02-25** Enrolled
- **2020-02-25** Signed by Speaker
- **2020-02-26** Impact statement from SCC (HB813ER)
- **2020-02-26** Signed by President
- **2020-03-03** Enrolled Bill communicated to Governor on March 3, 2020
- **2020-03-03** Governor's Action Deadline 11:59 p.m., March 10, 2020
- **2020-03-10** Approved by Governor-Chapter 262 (effective 7/1/20) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0f76bbf7-6d2c-4315-bbf2-ed367b8996c8`. Confidence: reported (aggregated from official Virginia legislature records).