Every year the Century Federal Credit Union membership meets to review the prior year's financial statement and go over new products or services. There is a free dinner and a free gift before the meeting with raffle prizes during the meeting. Also during the meeting, there may be an election for three (3) board member's positions, as there are nine (9) seats and each term is for three years. Should there be only one person nominated for each open seat, the election does not take place.
When is the Century Federal Annual Meeting?
The 2018 Annual Meeting will take place on Thursday, March 29. The doors open at 4:00 p.m. for members to sign-in, obtain their ticket (to get their free gift, their ballot, and enter the raffle drawing), and visit the Century Federal informational tables. Dinner is served at 5:00pm. At 6:00pm the actual meeting is called to order and usually lasts 60-90 minutes.
Where is the Century Federal Annual Meeting held?
The 2018 Annual Meeting will be held at the Donauschwaben German Club. It is located at 7370 Columbia Road, Olmsted Falls OH, 44138.
Who can attend the Century Federal Annual Meeting?
All Century Federal Credit Union members are eligible to attend the meeting. This includes spouses and children.
Why is the Century Federal Annual Meeting held and who's eligible?
Annual meetings are required by the National Credit Union Administration, as the membership owns the credit union. Unlike banks or that are owned by the stockholders, every member age 16 and over who has $5.00 in their share account (which is the required membership fee) is eligible to vote. Every member who is 18 and over is eligible to become a board member or other volunteer position at the credit union. Employees and their family members are not eligible to become a volunteer of the board or sit on any committee.
Members who wish to be nominated for the board through the Nominating Committee must return required documentation by December 1, 2017.
Members who still wish to run for the Board of Directors, but miss the Nominating Committee's deadline date of December 1, can be added to the ballot with a petition of at least 25 member signatures. The deadline date for receipt of petitions is January 15, 2018.
If you are interested in running for the Board of Directors download and complete the Century Federal-Board-Election-Regulation-2018 document or contact Gwen Dillingham at 216-535-3137 for an information packet or submit your request by mail to:
Century Federal Credit Union
1240 East Ninth Street, Room 719
Cleveland, OH 44199
The 2018 Board of Directors Nominees Include:
Annual Meeting Archives:
2017 Annual Meeting Recap
2016 Annual Meeting recap