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Operating Statement for the Year 2018

Income & Expenses Interest on Loans Income from Investments

$ 2,774,606

872,006 742,741 226,853

Fee Income

Other Operating Income

Total Gross Income

$ 4,616,206

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

$ 1,699,458

Training and Conference Expenses

18,638 35,013 61,419 192,086 149,098 101,551 509,491 31,020 18,302 1,365 9,305 16,722 39,160 429,343 325,000 16,064 251,405

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

Total Expenses

$3,904,440

Non-Operating Income (Gain)/Loss

(45,683)

————————————————————————————— Net Income 2018

$ 757,449

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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