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type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
type title description jurisdiction legislature session identifier citation classification subjects status primary_sponsors version_count action_count vote_count first_action last_action source source_identifier source_url source_hash vintage source_snapshot retrieved_at confidence tags
Bill 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 HB 813. us/states/va Virginia General Assembly 2020 SB 296 Virginia SB 296 (2020)
bill
enacted
David W. Marsden
4 27 5 2020-01-03 2020-03-31 openstates ocd-bill/7360ce08-e15e-467a-90cc-a7fd47182b91 https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB296 67018393ff9ce5f82ae024b6fd7091fef93154676c9b930e20cca61a6c423422 2026-07-01 https://data.openstates.org/daily/2026-07-01/public.pgdump 2026-07-06 reported
legislation
bill
us-va

Virginia SB 296 (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 HB 813.

Version chain

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

  1. Acts of Assembly Chapter text (CHAP0547) (committee substitute) — source
  2. Bill text as passed Senate and House (SB296ER) (committee substitute) — source
  3. Engrossed by Senate - committee substitute SB296S1 (committee substitute) — source
  4. Impact statement from SCC (SB296) (committee substitute) — source

Votes

  • Reported from Labor and Commerce (20-Y 0-N) — 200 (pass) · lower
  • VOTE: Block Vote Passage (100-Y 0-N) — 990 (pass) · lower
  • Read third time and passed Senate (39-Y 0-N) — 390 (pass) · upper
  • Constitutional reading dispensed (40-Y 0-N) — 400 (pass) · upper
  • Reported from Commerce and Labor with substitute (15-Y 0-N) — 150 (pass) · upper

Sponsors

  • David W. Marsden — primary (person)

Timeline

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

  • 2020-01-03 Prefiled and ordered printed; offered 01/08/20 20102695D introduction
  • 2020-01-03 Referred to Committee on Commerce and Labor referral-committee
  • 2020-01-07 Impact statement from SCC (SB296)
  • 2020-01-20 Reported from Commerce and Labor with substitute (15-Y 0-N) committee-passage
  • 2020-01-20 Committee substitute printed 20106137D-S1 substitution
  • 2020-01-22 Constitutional reading dispensed (40-Y 0-N)
  • 2020-01-23 Read second time reading-2
  • 2020-01-23 Reading of substitute waived
  • 2020-01-23 Committee substitute agreed to 20106137D-S1
  • 2020-01-23 Engrossed by Senate - committee substitute SB296S1
  • 2020-01-24 Read third time and passed Senate (39-Y 0-N) passage, reading-3
  • 2020-01-30 Impact statement from SCC (SB296S1)
  • 2020-02-18 Placed on Calendar
  • 2020-02-18 Read first time reading-1
  • 2020-02-18 Referred to Committee on Labor and Commerce referral-committee
  • 2020-02-25 Reported from Labor and Commerce (20-Y 0-N) committee-passage
  • 2020-02-27 Read second time reading-2
  • 2020-02-28 Read third time reading-3
  • 2020-02-28 Passed House BLOCK VOTE (100-Y 0-N) passage
  • 2020-02-28 VOTE: Block Vote Passage (100-Y 0-N)
  • 2020-03-05 Enrolled
  • 2020-03-05 Impact statement from SCC (SB296ER)
  • 2020-03-06 Signed by Speaker
  • 2020-03-07 Signed by President
  • 2020-03-12 Enrolled Bill Communicated to Governor on March 12, 2020
  • 2020-03-12 Governor's Action Deadline 11:59 p.m., April 11, 2020
  • 2020-03-31 Approved by Governor-Chapter 547 (effective 7/1/20) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/7360ce08-e15e-467a-90cc-a7fd47182b91. Confidence: reported (aggregated from official Virginia legislature records).