Celco Annual Report 2023

Operating Statement for the Year 2022 Assets: Total Loans $56,567,190 Less: Allowance for Loan Losses (89,148) Net 56,478,042 Cash 2,148,040 Vizo Financial Corp CU 34,470,327 Held to Maturity Securities 35,090,000 MASS Mutual Investment 5,183,191 NCUA Share Insurance Cap. Deposit 1,106,261 Prepaid Post Ret. Benefit 3,203,490 Land and Building (Net of depreciation) 471,528 Other Fixed Assets 188,356 Accrued Income on Investments 108,064 Other Assets 1,602,427 TOTAL ASSETS $140,049,726

Operating Statement for the Year 2022 Income & Expenses Interest on Loans $2,745,353 Income from Investments 1,057,400 Fee Income 1,054,559 Other Operating Income 333,278 Total Gross Income $5,190,590

—————————————————— Employee Compensation and Benefits Training and Conference Expenses Office Occupancy Expenses Office Operation Expenses Marketing & Education Expenses Loan Servicing Expense Professional & Outside Service Federal Supervision & Exam Total Cash (Over) & Short Annual Meeting Expenses Miscellaneous Operating Expense Visa Expenses Association Dues

$1,997,055

5,499 29,976 74,146 294,521 130,327 52,654 469,353 7,704 66,770 1,136 12,543 28,284 33,656 521,630 (9,981) 2,446 256,156

LIABILITIES & EQUITY Total Liability

$ 282,925

Share Draft Expenses ATM / VISA Expense Provision for Loan Loss

Regular Shares Share Drafts

96,693,823 16,642,361 4,259,669 117,595,853 6,831,012 3,356,997 15,036,834 (3,053,896)

I.R.A.’s

Other Expenses

Total Shares of Members

Dividends

Regular Reserve

Total Expenses

$3,993,837

Reserve for Contingencies Undivided Earnings

(Gain) / Loss

Net Income 2022

$1,196,753

TOTAL LIABILITY & EQUITY

$140,049,726

Distributions of Income for 2022 1st Qtr 2nd Qtr 3rd Qtr

TREASURER’S REPORT For sixty-six 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 services. 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

4th Qtr

Shares

$95,368,737 $17,895,737

$96,620,186 $16,618,237

$98,803,111 $17,820,672

$96,693,823 $4,259,669

IRA’s Total

$113,264,474 $113,238,423

$116,623,783 $100,953,492

Total Share Dividends Total I.R.A. Dividends

$230,524 $ 25,631 $256,155

Grand Total (Returned of Members)

Total Assets as of December 31, 2022 Total Assets as of December 31, 2021 Total Assets as of December 31, 2020 Total Assets as of December 31, 2019

$140,049,725 $135,181,196 $122,056,490 $108,807,300

There were 1,315 loans made in 2022 in the amount of $21,487,848. After all expenses were paid the membership received $256,155 in dividends. Jeff Morris , President

5