§ 54-109.46 – Meetings of credit committee.
54-109.46. Meetings of credit committee. The credit committee shall meet as often as the business of the credit union requires and not less frequently than once a month to consider applications for loans. No loan shall be made unless it is approved by a majority of the committee who are present at the meeting at […]
§ 54-109.47 – Loan officers.
54-109.47. Loan officers. (a) The credit committee may appoint one or more loan officers and delegate the power to approve loans, subject to such limitations or conditions as the credit committee prescribes. (b) Loan applications not approved by a loan officer shall be reviewed and acted upon by the credit committee. (1915, c. 115, s. […]
§ 54-109.35 – Election or appointment of officials.
54-109.35. Election or appointment of officials. (a) The credit union shall be directed by a board of directors, at least five in number, to be elected at the annual members’ meeting by and from the members. All members of the board shall hold office for such terms as the bylaws provide. (b) The board of […]
§ 54-109.36 – Record of board and committee members.
54-109.36. Record of board and committee members. Within 15 days following the board of directors’ initial or annual organization meeting, a record of the names and addresses of the members of the board, committees and all other officers of the credit union shall be filed with the Credit Union Division on forms provided by that […]
§ 54-109.37 – Vacancies.
54-109.37. Vacancies. The board of directors shall fill any vacancies occurring in the board until successors elected at the next annual meeting have qualified. The board shall also fill vacancies in the credit and supervisory committees. (1975, c. 538, s. 1.)