There Is a Newer Version of the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 17 - CREDIT UNIONS
Chapter 7 - Members, Directors and Officers
Section 708 - Officers
§ 708. Officers.
At their organizational meeting and within 30 days following
each annual meeting of the members, the directors shall elect
from their own number either a president and one or more vice
presidents or a chairman and one or more vice chairmen, a
treasurer and a secretary. The same individual may be both
treasurer and secretary. The directors may appoint one or more
assistant treasurers. The directors may appoint a membership
officer from among the members of the credit union, other than
the treasurer, an assistant treasurer or a loan officer. The
directors may employ an officer in charge of operations, who
shall be under the direction and control of the board or of the
treasurer, as determined by the board of directors. The
membership officer or the officer in charge shall have the
authority to approve applications for membership under such
conditions as the directors may prescribe. The membership
officer or officer in charge so authorized shall submit to the
directors at each monthly meeting a list of approved or pending
applications for membership received since the previous monthly
meeting, together with such other related information as the
bylaws or the board may require.
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