Celco Annual Report 2025

Supervisory Committee Clay Bane, Chairman Dianne Gautier, Member Robert Claytor, Jr., Member Debbie Lewis, Secretary Supervisory Committee Clay Bane, Chairman Dianne Gautier, Member Robert Claytor, Jr., Member Debbie Lewis, Secretary Other Assets Darlene Blankenship, Member Supervisory Committee Report The Supervisory Committee consists of four Credit Union members, appointed by the Board of Directors, who volunteer their time to perform the necessary duty of overseeing the Credit Union. The primary duties of the Committee are to ensure the effectiveness of internal controls for financial well being, to ascertain that established policies and procedures are followed, that policies are established when needed, and to assist in maintaining the overall safety and soundness of the Credit Union. The Committee also meets monthly to monitor new loans and review closed accounts. An outside auditing firm that is fully familiar with Credit Union operations and procedures performs an audit annually. We are satisfied that your Credit Union is in compliance with federal laws and is following sound and generally accepted good accounting practices. Supervisory Committee Report The Supervisory Committee consists of four Credit Union members, appointed by the Board of Directors, who volunteer their time to perform the necessary duty of overseeing the Credit Union. The primary duties of the Committee are to ensure the effectiveness of internal controls for financial well being, to ascertain that established policies and procedures are followed, that policies are established when needed, and to assist in maintaining the overall safety and soundness of the Credit Union. The Committee also meets monthly to monitor new loans and review closed accounts. An outside auditing firm that is fully familiar with Credit Union operations and procedures performs an audit annually. We are satisfied that your Credit Union is in compliance with federal laws and is following sound and generally accepted good accounting practices. Secretary Member Member Member Member Assets Total Loans Net Cash Vizo Financial Corp CU Held to Maturity Securities MASS Mutual Investment Prepaid Post Ret. Benefit In addition to planning the Annual Meeting, we also are involved in planning and organizing different events through out the year. We Reserve for Contingencies 3,356,997 3,356,997 Undivided Earnings 17,136,433 15,728,080 (Gain) / Loss (1,687,185) (2,498,316) TOTAL LIABILITY & EQUITY $ 139,187,136 $137,487,317 Marketing & Education Committee Report Marketing & Education Committee Report Phyllis Chinault, Secretary Billy Neal, Member Mason Chinault, Member Eloise Helms, Member On behalf of the Marketing and Education Committee, we would like to welcome you to the 2025 Annual Meeting. Our committee is made up of volunteers from the Celco Community Credit Union staff, Credit Union members, and appointees from our Board of Directors. Our committee is designed to keep you, our members, informed about Credit Union news and events. In addition to planning the Annual Meeting, we also are involved in planning and organizing different events through out the year. We are proud to be part of this community and we would not be successful without you. We thank you for your continued support. We are so grateful that you are here with us today and we hope you enjoy this year’s meeting. On behalf of the Marketing and Education Committee, we would like to welcome you to the 2025Annual Meeting. Our committee is made up of volunteers from the Celco Community Credit Union staff, Credit Union members, and appointees from our Board of Directors. Our committee is designed to keep you, our members, informed about Credit Union news and events. In addition to planning the Annual Meeting, we also are involved in planning and organizing different events through out the year. We are proud to be part of this community and we would not be successful without you. We thank you for your continued support. We are so grateful that you are here with us today and we hope you enjoy this year’s meeting. Chairman Member Member Secretary Member LIABILITIES & EQUITY Total Liability Regular Shares Share Drafts I.R.A. ‘s Total Shares of Members Regular Reserve Reserve for Contingencies Undivided Earnings 7 7 4 4 Dana Yost, Chairman Less: Allowance for Loan Losses Other Fixed Assets Accrued Income on Investments TOTAL ASSETS Regular Reserve 6,831,012 6,831,012

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

ory Committee Report Committee consists of four Credit Union ted by the Board of Directors, who volunteer their e necessary duty of overseeing the Credit Union. uties of the Committee are to ensure the internal controls for financial well being, to tablished policies and procedures are followed, established when needed, and to assist in verall safety and soundness of the Credit Union. also meets monthly to monitor new loans and ounts. ing firm that is fully familiar with Credit Union ocedures performs an audit annually. that your Credit Union is in compliance with is following sound and generally accepted good ces. Marketing & Education

Loan Review Committee Dana Yost, Chairman Chau Gunter, Secretary Selena Shrewsberry, Member Autumn Snider, Member Leslie Bandy, Member Dean M. Marshall, Member Loan Review Committee Dana Yost, Chairman Chau Gunter, Secretary Selena Shrewsberry, Member 2024

informed about Credit Union news and events.

are proud to be part of this community and we would not be successful without you. We thank you for your continued support.

We are so grateful that you are here with us today and we hope you enjoy this year’s meeting.

We are so grateful that you are here with us today and we hope you enjoy this year’s meeting.

In addition to planning the Annual Meeting, we also are involved in planning and organizing different events through out the year. We are proud to be part of this community and we would not be successful without you. We thank you for your continued support.

Committee Report On behalf of the Marketing and Education Committee, we would like to welcome you to the 2025Annual Meeting. Our committee is made up of volunteers from the Celco Community Credit Union staff, Credit Union members, and appointees from our Board of Directors. Our committee is designed to keep you, our members, informed about Credit Union news and events.

202

Chau Gunter,

Selena Shrewsberry, Autumn Snider, Leslie Bandy, Dean M. Marshall,

$75,278,295

$73,1

Loan Review Committee Report The Board of Directors appoints the Loan Review Committee to review loans as needed. The committee’s objective is to ensure that the members whose loans have been denied have a fair opportunity to appeal the denial. We at Celco Community Federal Credit Union understand the importance of timely decision making regarding our members lending needs. That is why the Board of Directors have empowered the loan officers at Celco Community to make lending decisions up to their respective lending authority, without making our membership wait for the Loan Review Committee to meet to approve loans. In the event a loan is denied, the member can appeal the loan to the Loan Review Committee for consideration, at which time the committee would meet to review the loan application. The committee considers each appeal on an individual basis and makes a decision on whether or not the Credit Union will reconsider the denied loan. Loan Review Committee Report The Board of Directors appoints the Loan Review Committee to review loans as needed. The committee’s objective is to ensure that the members whose loans have been denied have a fair opportunity to appeal the denial. We at Celco Community Federal Credit Union understand the importance of timely decision making regarding our members lending needs. That is why the Board of Directors have empowered the loan officers at Celco Community to make lending decisions up to their respective lending authority, without making our membership wait for the Loan Review Committee to meet to approve loans. In the event a loan is denied, the member can appeal the loan to the Loan Review Committee for consideration, at which time the committee would meet to review the loan application. The committee considers each appeal on an individual basis and makes a decision on whether or not the Credit Union will reconsider the denied loan. Autumn Snider, Member Leslie Bandy, Member Dean M. Marshall, Member Loan Review Committee Report The Board of Directors appoints the Loan Review Committee to review loans as needed. The committee’s objective is to ensure that the members whose loans have been denied have a fair opportunity to appeal the denial. We at Celco Community Federal Credit Union understand the importance of timely decision making regarding our members lending needs. That is why the Board of Directors have empowered the loan officers at Celco Community to make lending decisions up to their respective lending authority, without making our membership wait for the Loan Review Committee to meet to approve loans. In the event a loan is denied, the member can appeal the loan to the Loan Review Committee for consideration, at which time the committee would meet to review the loan application. The committee considers each appeal on an individual basis and makes a decision on whether or not the Credit Union will reconsider the denied loan. Member Member Secretary 74,537,781 72,3 2,032,796 2,0 19,503,790 14,8 28,026,000 33,8 5,365,434 5,2 1,042,892 1,1 5,440,012 4,5 1,159,786 1,1 131,602 1 98,526 1 1,848,517 2,0 $139,187,136 $137,4 $2,449,402 $2,2 Missy Spangler, Chairman Joan Johnson, Member Lisa Ferrell, Member Phyllis Chinault, Secretary Billy Neal, Member Mason Chinault, Member Eloise Helms, Member Darlene Blankenship, Member Total Liability $2,449,402 $2,287,217 Regular Shares 91,215,785 91,153,509 Share Drafts 16,334,393 16,745,458 I.R.A. ‘s 3,550,298 3,883,359 Total Shares of Members 111,100,476 111,782,326 Regular Reserve 6,831,012 6,831,012 Reserve for Contingencies 3,356,997 3,356,997 Undivided Earnings 17,136,433 15,728,080 (Gain) / Loss (1,687,185) (2,498,316) TOTAL LIABILITY & EQUITY $ 139,187,136 $137,487,317 Marketing & Education Committee Missy Spangler, Chairman Joan Johnson, Member Lisa Ferrell, Member Phyllis Chinault, Secretary Billy Neal, Member Mason Chinault, Member Eloise Helms, Member Darlene Blankenship, Member Marketing & Education Committee Missy Spangler, Chairman Joan Johnson, Member Lisa Ferrell, Member Phyllis Chinault, Secretary Billy Neal, Member Mason Chinault, Member Eloise Helms, Member Darlene Blankenship, Member Marketing & Education Committee Missy Spangler, Joan Johnson, Lisa Ferrell, Phyllis Chinault, 91,215,785 16,334,393 3,550,298 111,100,476 6,831,012 lay Bane, Chairman (740,514) (7 91,1 16,7 3,8 111,7

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Marketing and Education Committee, we would ou to the 2025Annual Meeting. Our committee unteers from the Celco Community Credit Union n members, and appointees from our Board of ommittee is designed to keep you, our members, redit Union news and events. nning the Annual Meeting, we also are involved in anizing different events through out the year. We part of this community and we would not be t you. We thank you for your continued support. LIABILITIES & EQUITY

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