|The Board is an administrative agency that manages and controls credit unions. It can assess civil penalties and have a hearing process. The governor appoints four members; two must have three years experience as an officer, director, or committee member of a North Dakota chartered credit union; one member of the board must have had at least five years' experience as an officer, director, or committee member of a
state-chartered or a federally chartered credit union; and one member must be a public member at large. The Commissioner of Financial Institutions is also a member.