Oregon Revised Statutes Credit Unions, Lending Institutions and Pawnbrokers § 723.276

(1) At the organizational meeting of the board of directors and within 60 days after each annual meeting of the members, the directors shall elect an executive officer, whom the directors may designate as chairperson of the board or president, a vice chairperson of the board or one or more vice presidents, a treasurer and a secretary. The treasurer and the secretary may be the same individual. The persons that the board of directors elects are the executive officers of the corporation.

(2) The terms of the officers are one year, or until the successors of the officers are chosen and have duly qualified.

(3) The bylaws must prescribe the duties of the officers.