KRS 286.6-205: Officers of board.

(1) At their organization meeting held within thirty (30) days following each annual

meeting of the members, the directors shall elect from their own number a chairman

of the board, one (1) or more vice chairmen, a treasurer, and a secretary. The

treasurer and the secretary may be the same individual.

(2) The terms of the officers shall be one (1) year, or until their successors are chosen

and have duly qualified.

(3) The duties of the officers shall be prescribed in the bylaws.

(4) The board of directors s hall appoint a president to act as general manager of the

credit union and be in active charge of its operations.