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 complimentary dinner and a 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 2017 Annual Meeting was held on Thursday, March 30, 2017. The date for the 2018 Annual Meeting will be announced soon!
Where is the Century Federal Annual Meeting held?
The 2017 Annual Meeting was held at the Woodside Event Center at St. Michael's. The location for the 2018 Annual Meeting will be announced soon!
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.
What happened at the 2017 Annual Meeting?
Check out the full overview of the 2017 Annual Meeting here!
Annual Meeting Archives:
2016 Annual Meeting recap recap