Annual Report 2018

Operating Statement for the Year 2017

Income & Expenses Interest on Loans Income from Investments

$ 2,672,877

600,047 656,876 140,943

Fee Income

Other Operating Income

Total Gross Income

$ 4,070,743

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

$ 1,666,009

Training and Conference Expenses

20,614 28,682 77,371 236,062 160,104 70,661 452,925 27,274 22,050 (108) 23,633 26,061 15,217 372,519 170,000 16,563 221,190

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 (Gain)/Loss

(38,930)

Total Expenses

$3,567,897

————————————————————————————— Net Income 2017

$ 502,846

For sixty-two 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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