A. The board of directors shall act on applications for membership or appoint one or more membership officers to approve applications for membership. A person denied membership by a membership officer may appeal the denial to the board of directors.

Terms Used In Arizona Laws 6-523

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Credit union: means a cooperative nonprofit association that is incorporated under this chapter for the purposes of encouraging thrift among its members and creating a source of credit and other financial services at fair and reasonable cost. See Arizona Laws 6-501
  • Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215

B. A credit union may impose one-time or periodic membership fees under the conditions the bylaws provide.

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