At their first meeting after the annual meeting of the members, the directors shall elect from their number the board officers specified in the bylaws. Only one board officer may be compensated as an officer of the board and the bylaws shall specify such position as well as the specific duties of each of the board officers. The board shall elect from their number a financial officer who shall give adequate fidelity coverage in accordance with .
Structure US Code
CHAPTER 14— FEDERAL CREDIT UNIONS
SUBCHAPTER I— GENERAL PROVISIONS
§ 1752a. National Credit Union Administration
§ 1753. Federal credit union organization
§ 1754. Approval of organization certificate
§ 1756. Reports and examinations
§ 1757a. Limitation on member business loans
§ 1761a. Officers of the board
§ 1761d. Supervisory committee; powers and duties; suspension of members; passbook
§ 1764. Expulsion and withdrawal
§ 1767. Fiscal agents and depositories; authorization to secure deposits by governmental bodies
§ 1769. Separability; right to alter, amend, or repeal chapter
§ 1770. Allotment of space in Federal buildings or Federal land
§ 1771. Conversion from Federal to State credit union and from State to Federal credit union
§ 1772. Territorial application of chapter
§ 1772a. Gifts; acceptance of conditional gifts; deposit
§ 1772c–1. Community development revolving loan fund for credit unions
§ 1772f. Open data publication
§ 1773. District of Columbia credit unions; conversion to Federal status
§ 1774. Approval of certificate; assets and obligations of applicant credit union