To the full extent permitted by the Washington Non-Profit Corporation Act, the association shall indemnify any person who was or is a party or is threatened to be made party to any civil, criminal, administrative or investigative action, suit or proceeding whether brought by or in the right of the association or otherwise by reason of the fact that he or she is or was an officer or director of the association or is or was serving at the request of the association as an officer or director of another corporation, against expenses including attorney's fees, judgments, fines and amounts paid in settlement actually and reasonably incurred by him or her in connection with such action, suit or proceeding; and the Board of Directors may, at any time, approve indemnification of any other person which the association has the power to indemnify under the Washington Non-Profit Corporation Act. The indemnification provided by this section may be entitled as a matter of law or by contract.