(a) Subject to the applicable provisions of the bylaws, the board may expel any member of the credit union who: (1) Defaults on the payment of any monetary obligation to the credit union; (2) Is convicted of a criminal offense involving dishonesty or breach of trust; (3) Neglects or refuses to comply with the provisions of this title or of the bylaws of the credit union; (4) Habitually neglects to pay debts or becomes insolvent or bankrupt; or (5) Subject to the provisions of subsection (b) of this section, violates a written expulsion policy adopted by the board. (b) (1) The board shall post conspicuously at each office of the credit union a notice of any expulsion policy adopted by the board. (2) A person expelled by the board may request a reconsideration of the expulsion.
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