2025 CENTURY FEDERAL CREDIT UNION CANDIDATE FOR NOMINEE FOR BOARD OF DIRECTORS
The role of the Board of Directors is centered around providing leadership, setting strategy, introducing programs, creating policies, establishing an annual budget, ensuring the financial health of the organization, establishing and declaring dividend and interest rates, complying with the Federal Credit Union Act and applicable regulations, and meeting fiduciary responsibilities to ensure that the financial needs and expectations of the credit union membership are being addressed and met.
The duty of the board of directors is to meet the needs of the membership of the credit union. No individual board member has the authority to speak on behalf of the board, to direct or instruct the activities of credit union (unless doing so in accordance with our bylaws or written policies). A director must act with the care that a prudent person would exercise in a similar position, putting the interests of the credit union first and strictly upholding the policies and regulations relating to the operation of the credit union.
The standard term for an elected Board member is three years. This comes with a commitment to attend monthly Board meetings, the annual planning retreat and to serve on various board committees. The Board meets on the fourth Monday of each month to review the financial performance of the credit union, vote on various policies and approve a list of new members.
As a candidate for the nomination to the Century Federal Credit Union Board of Directors, you need to be a current member in good standing, and you should be at least 18 years old. A resume and a short biography addressed to the Nominating Committee are required. This short biography should highlight your experience and your motivation to serve on the Board and should be submitted prior to the closing of the standard nomination process: December 16, 2024.
All candidate correspondence should be addressed to:
The Nominating Committee
Century Federal Credit Union
4600 Rockside Road, Suite 204
Independence, OH 44131
Ph: 216-535-3137; or
Via email: gdillingham@cenfedcu.org
In the application for nomination letter, you must provide a statement declaring that if elected you agree to serve your term. The Nominating Committee will inform you by e-mail if you are nominated to run for the Board in the up-coming election. If you missed the deadline for the standard nomination process, you can still be nominated by petition. A petition must be signed by 25 or more CFCU members (in good standing), clearly providing the name, the signature and the SEG affiliation of the petitioner. The petition must be received by the Credit Union by the cutoff date of January 21, 2025, for the petition to be valid.
CFCU Board of Directors Nomination-Petition 2024
2025 BOARD OF DIRECTORS NOMINEES
Diane F. Bridges
Ms. Diane Bridges is retired from her position as the Manager of Cash and Long-Term Balance Sheet at the Cleveland Clinic. Her previous work experience includes 10 years as Director of Accounting at Lakewood Hospital, and 4 years in public accounting. Starting 2015, Diane has worked seasonally in public accounting, preparing financial statements and tax returns. Ms. Bridges has a CPA and an MBA in Finance from Cleveland State University. She has served on the Board for 18 years, holding positions on both the Risk (Chairperson) and Governance Committees. Ms. Bridges has also served as the Vice Chairman and is currently Recording Secretary. Diane has volunteered for many organizations. Diane is committed to continue to work on behalf of all members to offer the best rates and innovated financial products. Ms. Bridges looks forward to serving another term to help ensure our continued growth and quality services to our members and the generation.
Mr. Bonacuse
Mr. Bonacuse is currently happily retired. He formerly worked as a federal employee at the NASA Glenn Research Center. At end of his NASA career he was the Technical Lead of the Analytical Sciences Group in the Structures and Materials Division. In this capacity he managed budgets, procured new scientific instruments, and oversaw a staff of dedicated scientists, engineers, and technicians. He holds bachelor’s and master’s degrees in Mechanical and Aerospace Engineering. Mr. Bonacuse has been involved with Century Federal Credit Union for nearly 26 years: first on the Supervisory Committee as a member and chairman, and then elected to the Board of Directors in 2014. He has been selected to be Board Chairman in each of the last six years. He currently serves on the Budget and Finance, Risk and Compliance, and Governance committees.
Mr. Bonacuse is committed to Century’s investment in state-of-the-art banking technology and has always been a strong advocate for membership and asset growth.
Ms. Miller
Ms. Miller is a current member of the CFCU Board of Directors. She has served as Vice Chairman and Secretary of the Board, Chairman of the Human Resources Committee and has been an active member of the Risk, Facilities and Budget and Finance Committees. She has served two terms as Chairman of the Supervisory Committee.
Ms. Miller has more than 25 years of experience managing high performing teams and has specialized knowledge in financial operations, risk management, fraud mitigation and strategic planning. She holds a B.A. in Economics, an M.B.A. with a concentration in Finance and is currently employed as Senior Director, Finance Business Partner at TravelCenters of America, a bp brand.
Ms. Miller is a proponent of effective governance and is committed to working collaboratively with the management team to develop the long- term growth strategy for the credit union.
When is the Century Federal Annual Meeting?
Saturday March 22, 2025 at 9:30am
Where is the Century Federal Annual Meeting held?
TBD
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 held to share the state of the Credit Union each year, as well as vote on any pertinent changes and announce election results. Every member who is 18 and over is eligible to become a Board Member or hold other volunteer Board positions with Century Federal Credit Union.
Century Federal Credit Union employees and their family members are not eligible to become Board Members or sit on any committee.