Celco Annual Report 2025

October 19, 2024 2024 Annual Meeting Minutes

President Jeff Morris called to order the Annual meeting of the Celco Community Federal Credit Union in the Giles County High School auditorium. Board members in attendance were Jeff Morris, Connie Copeland, Harriett Fletcher, Alvin Crotty, Karen Turner, Jerry Eaton and Jeff Williams. The President welcomed all the members and asked Mark Clemons to please give the invocation and lead the members in the Pledge of Allegiance. The President then asked the Board if there was a quorum present. They replied yes. The President then asked to review last years minutes. Harriett Fletcher makes a motion to approve last year’s minutes; Connie Copeland Seconded. President Jeff Morris then spoke about the remodeling at the Narrows branch of the Credit Union and encouraged all who have not been in to see it to come. He then thanked all volunteers for offering their time, the Marketing/Education Committee for planning the annual meeting and the Supervisory Committee for the work they perform. He spoke of the decisions made by the Board and that we have experienced a good year. He also thanked the credit union members.

Next on the agenda was the election of members for Board of Directors. There were no nominations from the floor, Alvin Crotty moved that the nominations be closed; seconded by Jeff Williams. There were four names on the ballot: Anne Chambers, Connie Copeland, Karen Turner, and Sheila Stafford. The president then asked for the ballots to be collected and counted. The Marketing/Education committee then starts awarding the prizes to the children and the adults. Clay Bane, Chairman of the Supervisory then spoke about the responsibilities of the Supervisory Committee and, responsibility of the auditors and told all members that our Credit Union is in good hands. He then announced the winner’s names. Elected to the Board of Directors are Connie Copeland and Shelia Stafford. Respectfully submitted, Jeff Morris , President Karen Turner , Secretary

2