This year’s annual meeting will be held on Saturday, March 23, 2024. This year’s meeting will be held in person. Members who prefer to attend the meeting virtually can access the meeting link provided on our website at a later date.
Location: To Be Announced
Time: 9:30 a.m.
2024 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 18, 2023.
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 22, 2024, for the petition to be valid.
CFCU bd of Directors Nomination-Petition 2023
When is the Century Federal Annual Meeting?
Saturday March 23, 2024 at 9:30am
Where is the Century Federal Annual Meeting held?
To Be Announced
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.