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Annual Meeting

Every year the Century Federal Credit Union hosts an Annual Meeting to review the prior year's financial statement and discuss all of the new things happening with the Credit Union. The meeting includes dinner and a gift for each member in attendance. Raffle prizes are also given out during the meeting as well. If necessary, a Board Member election is also held for the three open seat, available each year. 

When is the Century Federal Annual Meeting?

The Annual Meeting normally takes place at the end of March each year. The 2019 Annual Meeting will be held on Thursday, March 28, 2019.

The doors usually open at 4:00pm for members to sign-in, enter the raffle drawing, visit the information tables and find a seat. Dinner is served around 5:00pm and the actual meeting is called to order around 6:00pm and usually lasts 60-90 minutes.  

Where is the Century Federal Annual Meeting held?

The Annual Meeting is held at various locations throughout Cuyahoga County. The location for the 2019 Annual Meeting will be at the LaCentre Conference & Banquet Facility, 25777 Detroit Road, Westlake, OH  44145.  

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. These meetings are to share with the membership, the state of the Credit Union each year as well as vote on any pertinent changes or Board elections. Every member age 16 and over, who has $5 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 3, 2018. 

Members who still wish to run for the Board of Directors, but miss the Nominating Committee's deadline date of December 3, can be added to the ballot with a petition of at least 25 member signatures. The deadline date for receipt of petitions is January 18, 2019. 

If you are interested in running for the Board of Directors download and complete an Board Election Application document or contact Gwen Dillingham at 216-535-3137 for an information packet or submit your request by mail to:
        Century Federal Credit Union
        Nominating Committee
        4600 Rockside Road
        Independence, OH 44131

This year, three board member positions are up for re-election. The three incumbents are currently running unopposed. Please note that any write-in nominations for candidacy are due by January, 18, 2019. If no additional nominations are submitted by the due date, the three nominees will be automatically re-elected. 

2019 Board Election Nominees:

Pete Bonacuse (Incumbent)
Pete Bonacuse works at NASA at the Glenn Research Center as the Technical Lead of the Analytical Sciences Group in the Structures and Materials Division. He holds bachelor's and master's degrees in Mechanical and Aerospace Engineering. Mr. Bonacuse has been involved with Century Federal Credit Union for over 20 years; first as a member, then Chairman of the Supervisory Committee, and in 2014, as a member of the Board of Directors. He also currently serves on the Human Resources Committee. Mr. Bonacuse is excited about the coming changes to the Credit Union's online banking.  In the near future, the membership will experience a more integrated, online banking experience which will allow members to perform many tasks that currently can only be done in a branch. This upgrade has been a major undertaking and the Credit Union staff are to be commended for their hard work.  Mr. Bonacuse is committed to continued modernization efforts and is a strong advocate for membership and asset growth.   

Diane F. Bridges (Incumbent)
Ms. Diane Bridges is retired from her position as the Manager of Cash and Long-term Balance Sheet at the Cleveland Clinic Foundation, part of CCF's Corporate Finance. Her previous work experience includes 10 years as Director of Accounting at Lakewood Hospital, and four years of public accounting at Barnes Wendling, LLC. Starting in 2015, Diane has worked seasonally in public accounting, preparing financial statements and tax returns. Ms. Bridges has a CPA and MBA in Finance from Cleveland State University.  She has served on the Board for 15 years, holding positions on both the Finance and Human Resources Committees. Ms. Bridges has also served as Vice Chairman of the Board for three of the past 15 years and Board Secretary for the past five years.  She has volunteered for many organizations, including St. Martin De Porres, Lakewood Hospital, Lakewood Hospital Foundation, and as a tax preparer for AARP. Diane is committed to continue working on behalf of all members to offer the best rates and innovative financial products. Ms. Bridges looks forward to serving another term to help ensure CFCU's continued growth and quality services to our members and the next generation.

Louis J. Ghosn (Incumbent)
Dr. Ghosn is an Aerospace Engineer at the NASA Glenn Research Center. He has been a CFCU member since 1989. Dr. Ghosn currently serves as Chairman of the Board and the Budget & Finance Committee.  He has also served on the Strategic Planning, Products and Policy, and Loan Charge-off Committees. Dr. Ghosn attended Case Western Reserve University where he earned his Ph.D. in Civil Engineering, along with B.S. and M.S. degrees in Mechanical and Aerospace Engineering. He also has formal courses in economics, accounting, statistics, banking and finance. Dr. Ghosn resides in Strongsville, Ohio with his wife, Florence, and daughter, Beatrice. Dr. Ghosn is running for re-election to the CFCU Board of Directors to continue ensuring that CFCU is a not-for-profit financial institution serving the financial needs of its member-owners by advocating for competitive dividends for member deposits and low interest rates on their loans.

 

Annual Meeting Archives:

2018 Annual Meeting Recap
2017 Annual Meeting Recap 
2016 Annual Meeting recap