Celco_Annual Report_2017

Operating Statement for the Year 2016

Income & Expenses Interest on Loans Income from Investments

$ 2,454,250

217,039 621,578 128,596

Fee Income

Other Operating Income

Total Gross Income

$ 3,421,463

—————————————————————————————- Employee Compensation and Benefits

$ 1,562,088

Training and Conference Expenses

23,797 26,184 93,885 224,431 136,007 70,597 374,633 16,758 14,090 9,039 20,245 11,799 327,031 30,000 15,793 216,309 66

Association Dues

Office Occupancy Expenses Office Operation Expenses Marketing & Education Expense Loan Servicing Expense Professional & Outside Service Federal Supervision & Exam

Visa Expenses

Total Cash Over & Short Annual Meeting Expenses

Miscellaneous Operating Expense

Share Draft Expenses

ATM Expense

Provision for Loan Loss

Other Expenses

Dividends

Non-Operating Income

(70,803)

Total Expenses

$3,101,949

————————————————————————————— Net Income 2016

$ 319,514

For sixty-one years, Celco Community Federal Credit Union has been an intricate part of Giles County offering our members help with all their financial needs. The Credit Union strives to update our programs and services to meet our members every financial need with courteous and helpful service. We thank you, our members for using the Credit Union for all your financial needs. Remember, the Credit Union belongs to “YOU”, our members. Respectfully Submitted, Connie Copeland , Treasurer

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