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(a) The business affairs of the credit union shall be managed by a board of directors of not fewer than five (5) directors, a credit committee of not fewer than three (3) members, and a supervisory committee of not fewer than three (3) members, all to be elected at the annual members’ meeting by and from the members.
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(b) All members of the board and of the committees shall hold office for such terms as the bylaws may provide.
