The incorporators shall adopt bylaws for the credit union and shall sign and acknowledge two copies of them. The bylaws of the credit union shall include: The name and purpose of the credit union; Provisions for annual and special meetings of members and the manner of notification for and conduct of the meetings; The number of members that constitute a quorum and provisions that relate to voting; A detailed description of the field of membership; The qualifications for membership; The number of directors on the board and their powers and duties; The powers and duties of its credit committee, if any, and supervisory committee; The powers and duties of its officers; The number of and qualifications for directors emeriti, if any; The par value of its shares and the conditions for issuance, payment, transfer, and withdrawal; The conditions on which deposits may be received and withdrawn; and Provisions for determining and paying dividends on shares and interest on deposits.