Celco Annual Report 2025

CELCO COMMUNITY CREDIT UNION Operating Statement for the Year 2023 AND 2024

2024

2023

INCOME & EXPENSES

$4,276,276 1,021,507 1,183,745

$3,458,114 1,338,856 1,118,855

Interest on Loans

Income form Investments

Fee Income

173,326

170,210

Other Operating Income

Total Gross Income

$6,654,854

$6,086,035

$2,182,497

$2,116,997

Employee Compensation and Benefits Training and Conference Expenses

7,647

11,614 37,075 148,191 214,788 164,538 83,909 555,725 25,825 81,800 12,957 39,017 22,097 539,597 115,447 (609)

Association Dues

32,472 170,877 239,469 156,488 76,959 550,248 40,039 104,050 34,694 21,587 548,708 130,584 119,339 821,706 617 8,520

Office Occupancy Expenses Office Operation Expenses Marketing & Education Expenses

Loan Servicing Expenses

Professional & Outside Service Federal Supervision & Exam

Visa Expenses

Total Cash (Over) & Short Annual Meeting Expenses

Miscellaneous Operating Expense

Share Draft Expenses ATM / VISA Expense Provision for Loan Loss

Other Expenses

571

665,249

Dividends

Total Expenses

$5,246,501

$4,834,788

$1,408,353

$1,251,247

Net Income 2024 & 2023

5