---
type: "Bill"
title: "Credit unions; priority of shares."
description: "Credit unions; priority of shares. Removes a provision that establishes that shares held by a credit union member are subordinate to all other obligations of the credit union. This bill is identical to HB 268."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2022"
identifier: "SB 326"
citation: "Virginia SB 326 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["John J. Bell"]
version_count: 3
action_count: 22
vote_count: 5
first_action: "2022-01-11"
last_action: "2022-04-11"
source: "openstates"
source_identifier: "ocd-bill/6939383b-243b-4a63-94d2-abcc18e05f20"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+SB326"
source_hash: "6782774cb723f51ce2cfd0a294efe6a7516616c14c1865df44e9300eeb2e0e30"
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 SB 326 (2022) — Credit unions; priority of shares.

Credit unions; priority of shares. Removes a provision that establishes that shares held by a credit union member are subordinate to all other obligations of the credit union. This bill is identical to HB 268.

## Version chain

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

1. **CHAP0676** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0676)
2. **Prefiled and ordered printed; offered 01/12/22 22101543D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB326)
3. **SB326ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+SB326ER)

## Votes

- Read third time and passed Senate (37-Y 0-N) — **37–0** (pass) · upper
- Reported from Commerce and Labor (15-Y 0-N) — **15–0** (pass) · upper
- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
- Reported from Commerce and Energy (22-Y 0-N) — **22–0** (pass) · lower

## Sponsors

- John J. Bell — primary (person)

## Timeline

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

- **2022-01-11** Prefiled and ordered printed; offered 01/12/22 22101543D `introduction`
- **2022-01-11** Referred to Committee on Commerce and Labor `referral-committee`
- **2022-01-17** Impact statement from SCC (SB326)
- **2022-01-17** Reported from Commerce and Labor (15-Y 0-N) `committee-passage`
- **2022-01-19** Constitutional reading dispensed (40-Y 0-N)
- **2022-01-20** Read second time and engrossed `reading-2`
- **2022-01-21** Read third time and passed Senate (37-Y 0-N) `passage, reading-3`
- **2022-02-21** Placed on Calendar
- **2022-02-21** Read first time `reading-1`
- **2022-02-21** Referred to Committee on Commerce and Energy `referral-committee`
- **2022-02-22** Reported from Commerce and Energy (22-Y 0-N) `committee-passage`
- **2022-02-24** Read second time `reading-2`
- **2022-02-25** Read third time `reading-3`
- **2022-02-25** Passed House BLOCK VOTE (99-Y 0-N) `passage`
- **2022-02-25** VOTE: Block Vote Passage (99-Y 0-N)
- **2022-03-01** Enrolled
- **2022-03-01** Impact statement from SCC (SB326ER)
- **2022-03-01** Signed by Speaker
- **2022-03-02** Signed by President
- **2022-03-11** Enrolled Bill Communicated to Governor on March 11, 2022
- **2022-03-11** Governor's Action Deadline 11:59 p.m., April 11, 2022
- **2022-04-11** Approved by Governor-Chapter 676 (effective 7/1/22) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/6939383b-243b-4a63-94d2-abcc18e05f20`. Confidence: reported (aggregated from official Virginia legislature records).