Creating memberships administrators able to change passwords

[robinson_pj_ssea]

I notice that only the initial administrator appears to be able to amend passwords for all other users.
However, I want to create a 'membership administrator' role where that user does not have all the access to the administrator abilities to change Preferences, menus or create backups, but simply create new users and allocate passwords to them (without necessarily having the passwords emailed out to individual users automatically in the first instance).
Is that possible, and if so, how?
Our non-profit organisation receives renewal forms from our members each year, and it is the role of a small number of centrally based membership administrators to set up ordinary members, who may, or may not have email addresses.

Thanks

Peter Robinson
Webmaster, the Society for the Study of Egyptian Antiquities (SSEA), Canada.