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Annual Meeting

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The meeting agenda has been set! See you on Thursday, August 20th!

  • President/CEO's introductions
  • Call meeting to order
  • Secretary ascertains a quorum present
  • Chair entertains motion to:
    • Change the order of business
    • Dispense with reading of Annual Meeting minutes from prior year
    • Approve prior year Annual Meeting minutes
  • Chairman's Report
  • Treasurer's Report
  • Supervisory Committee Report
  • Open Forum Questions
  • Closing Remarks
  • Motion to Adjourn

Dear Valued Member,

As most of us are aware, the Coronavirus COVID-19 Pandemic has caused a great deal of public health and safety concerns in the state of Ohio. It is our sincere hope that all of our members are taking the necessary precautions to keep you and your families safe and healthy. 

In the interest of ensuring that our members and their families are staying safe and healthy, we have made the decision to cancel the in-person Annual Meeting event that you have become accustomed to attending in past years. The event will now be a Zoom web event and details for attending are below.

The rescheduled live virtual webinar will now take place on Thursday, August 20, 2020 from 5:30-7:30 PM. During this live webinar, you will be able to utilize the chat function to send your questions in real-time! These questions will be relayed to the panel and answered in the order in which they are received. In addition, you may email your questions ahead of the meeting at so the panel will be prepared with answers to those questions before the webinar begins. 

The instructions that you will need to join this Zoom webinar are included below. If you choose to join the live video feed, it is our recommendation that you click on the link well in advance of the meeting date to test the functionality from your computer. (You may also attend this webinar using your smartphone or tablet by using this link.) Please note that if you do not wish to attend the live video feed, you are also welcome to simply listen in by dialing in from your phone using the Telephone numbers and Webinar ID included in the instructions below. It is important to know that if you choose to simply dial-in and listen, you will not be able to submit your questions for the panel in real-time through the chat feature in the live video feed. In this case, you would need to submit your questions in advance as noted above.

In the event that you have problems or questions, please feel free to email us at and we will be happy to guide you through setup.

You are invited to a Zoom webinar. 
When: August 20, 2020 05:30 PM Eastern Time (US and Canada)
Topic: CFCU Annual Meeting 2020 

Please click the link below to join the webinar:

Meeting ID: 816 0128 6313

Dial by your location:
    888 475 4499 US Toll-free
    877 853 5257 US Toll-free

Find your local number:

We would like to add that all members who attend this virtual event in its’ entirety will be eligible to receive a parting gift that will be available for pickup at any branch location after the Annual Meeting webinar*. We felt that it was important to express our gratitude to our members for virtually joining us in this unusual time. When you pick up your parting gift, you will also be able to pick up a copy of the Annual Report, if you would like a copy. You can also view the report on our website by clicking here.

Thank you for your continued support and membership. We value your loyalty and look forward to a successful 2020!

“Together We’re A Better Way”
Sharon Signature
Sharon L. Churchill, CEO & President
Century Federal Credit Union

.Learn more about our 2020 incumbent nominees for the Board of Directors

When is the Century Federal Annual Meeting?

The Annual Meeting will be a live webinar held on August 20, 2020 at 5:30pm.

Where will the 2020 Century Federal Annual Meeting be held?

We have scheduled a live virtual webinar as described above.

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 does the Century Federal Annual Meeting take place and who is eligible?

Annual Meetings are held to share the state of the Credit Union each year, as well as vote on any pertinent changes, or conduct Board elections. Every member age 16 and over, who has $5 in their share account (which is the requirement for membership) is eligible to vote. 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.

The 2020 Nominees for Board of Directors

There are three incumbents running unopposed and each now will serve for another three year term.  

Bill Ahonen (Incumbent)

Mr. Ahonen retired from the Defense Contract Management Agency headquarters (DCMA) and is experienced in Contract Management and Cost Price Analysis. He served as an Auditor for the Department of Labor and as an Internal Revenue Agent for IRS. He is a US Air Force veteran. He holds a BBA in Accounting, minor in Computer Science, with post-graduate studies at Baldwin Wallace College in Systems Management. Mr. Ahonen has volunteered with Century Federal Credit Union, serving as Vice Chairman and Secretary of the Board; a member of the Budget & Finance, Governance, and Infrastructure Committees; and has served as Chairman, Supervisory Committee. He is an advocate of the credit union philosophy and mission. He abides by, “not for profit, not for charity, but for service.” Mr. Ahonen continues to be a sounding board and voice for the membership, ensuring that changing technology is utilized and member services are effective. 


Tim Edmunds, CPA (Incumbent)

Mr. Edmunds is currently a member of Century Federal Credit Union's Board of Directors. He has served in board office positions as Board Chairman and Treasurer. He serves or has served on the following board committees: Budget and Finance, Products and Policy, Loan, Investment, Strategic Planning, Nominating, and Supervisory. Mr. Edmunds is a CPA and an attorney. He has a JD from Cleveland State University and an MBA from Michigan State. Additionally, Mr. Edmunds has been a member of the Committee on Accounting Standards of the National Association of Federal Credit Unions. Mr. Edmunds was formerly employed as an attorney in the Cleveland HUD Office of Counsel. Subject to regulatory agency restrictions, Mr. Edmunds advocates: 1) maximum feasible return to the members for savings, 2) competitive interest rates on loans, and 3) products and services that meet members' needs.

Rose Lorenz (Incumbent) 

Mrs. Rose Lorenz has over 34 years of working experience with Century Federal Credit Union. Mrs. Lorenz was first employed as a Member Service Representative in 1970 posting transactions and performing daily balances and ledgers. During her career with Century Federal Credit Union, Mrs. Lorenz has gained significant work experience and knowledge through twenty years as a Loan Officer, four years as a Branch Manager, and as a Vice President of Branch Operations for five years. Mrs. Lorenz has an extensive working knowledge of the credit union's compliance and security requirements, as well as branch operations, lending products and service procedures. Throughout her 34 years with Century Federal Credit Union, Mrs. Lorenz has remained focused on serving its members and demonstrated leadership in setting high standards for courtesy, reliability, and efficiency in dealing with member's issues. She serves or has served on the following committees: Loan Policy, Human Resources, Nominating, and Supervisory. 

Annual Meeting Archives:

2019 Annual Meeting Recap
2018 Annual Meeting Recap
2017 Annual Meeting Recap 
2016 Annual Meeting recap

*Supplies are limited, and will be distributed on a first come, first serve basis. Limit one (1) gift per member.