2023-05-12T12:40:39-04:00 2022-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2022-01-01 570421351 MID CAROLINA CREDIT UNION MIDC 8034328521 PO BOX 549 LUGOFF SC 29078 DAVID H MOONEY CEO 8034328521 2023-05-04 true DAVID H MOONEY XXX-XX-XXXX false JANET M PIERCE P00498837 8034321436 2023-05-04 2022 2023-04-26 12:10:37Z DAVID H MOONEY PO BOX 549 LUGOFF SC 29078 7635351 false X WWW.MIDCAROLINACU.COM X 1961 SC STATE CHARTERED CREDIT UNION 9 9 53 0 0 6577815 6652396 435451 982955 0 7013266 7635351 0 0 2449595 2401770 0 0 4226044 4370961 6675639 6772731 337627 862620 167105736 167193089 150189602 153162143 16916134 14030946 STATE CHARTERED CREDIT UNION false false 6461249 DURING THE YEAR, THE CREDIT UNION SERVED ITS' MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS. 6461249 false false false false false false false false false true false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 2229 0 false 53 true false false false false false false false false false false false false false false false false false X 9 9 false false false false true true false true true false false false false false true true true false X JENNIFER CAUTHEN 8034324705 PO BOX 549 841 HWY 1 SOUTH LUGOFF SC 29078 DEAN SCARBOROUGH VP OF LENDIN 40.00 X 110133 0 6373 MICHAEL JENSEN VP OF IT 40.00 X 102783 0 9799 JENNIFER CAUTHEN VP OF FINANC 40.00 X 110801 0 873 DENNIS ARLEDGE CHAIRMAN X 0 0 0 CHERYL COLVIN BOARD MEMBER X 0 0 0 JOANN HANKS SECRETARY X 0 0 0 CHALMERS EUGENE HORNSBY VICE CHAIRMA X 0 0 0 MIKE JONES BOARD MEMBER X 0 0 0 ROBERT MURPHY BOARD MEMBER X 0 0 0 GREG NETTLES BOARD MEMBER X 0 0 0 DERIAL OGBURN BOARD MEMBER X 0 0 0 WANDA SWANN BOARD MEMBER X 0 0 0 DAVID H MOONEY CEO 40.00 X 0 0 0 323717 17045 3 false false false FISERV PO BOX 979 BROOKFIELD WI 53008 DATA PROCESSOR 715428 FISERV EFT PO BOX 979 BROOKFIELD WI 53008 CARD PROCESSOR 473152 EVANS SIMPSON AND ASSOC 2250 HEWATT ROAD SNELLVILLE GA 30039 INSURANCE 329451 CUNA MUTUAL 5910 MINERAL POINT ROAD MADISON WI 53705 DEBT PROTECTION 273170 BLUE CHOICE 4101 PERCIVAL ROAD COLUMBIA SC 29229 HEALTH INSURANC 214618 6 INTEREST ON LOANS 522291 4040915 4040915 FEE INCOME 522100 2092716 2092716 MISCELLANEOUS INCOME 522100 355594 355594 VISA INTEREST 522100 163171 163171 6652396 982955 982955 7635351 6652396 982955 X 2209934 1988941 220993 -146018 -131416 -14602 177105 159394 17711 160749 144674 16075 25324 25324 75169 75169 126208 126208 74557 74557 353434 318091 35343 67172 67172 3374 3374 413926 413926 373286 373286 518 518 ATM/VISA EXPENSE 973658 973658 DATA PROCESSING 545379 545379 PROF. & O/S SVCS 359616 323654 35962 DEALER FEE 189929 189929 789411 789411 6772731 6461249 311482 0 31973593 13781970 5123450 7522064 24421 23506 83708549 92074782 10922461 3211573 8054497 7710888 25665402 32784880 12555824 13294999 167105736 167193089 852467 736857 149337135 152425286 150189602 153162143 X 16916134 14030946 16916134 14030946 167105736 167193089 X 862620 -3747808 X false false 2373106 2373106 6013394 1370636 4642758 561321 548991 12330 1974640 1291946 682694 7710888 COLI 5342250 EMPLOYEE PENSION 5011677 NCUSIF 1527417 PPD 468439 SETTLEMENT DEPOSIT 407000 ACCRUED INTEREST ON LOANS 293326 ACCRUED INTEREST ON INVESTMENTS 122885 CIP 44857 SUPPLIES 31175 REPOSSESSED LOANS 27423 ASSETS ACQUIRED IN LIQUIDATION 25000 VISA SETTLEMENT -6450 13294999 SHARES 148261119 NOTE PAYABLE 4164167 152425286 FORM 990, PAGE 6, PART VI, LINE 6 THE CREDIT UNION IS OWNED BY ITS MEMBERS. FORM 990, PAGE 6, PART VI, LINE 7A AT THE CREDIT UNION'S ANNUAL MEETINGS, THE MEMBERSHIP ELECTS THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 10B THE CREDIT UNION HAS WRITTEN POLICIES AND PROCEDURES THAT GOVERN EACH BRANCH TO ENSURE THEIR OPERATIONS ARE CONSISTENT WITH THOSE OF THE ORGANIZATION. FORM 990, PAGE 6, PART VI, LINE 11B THE ORGANIZATION REVIEWS THE FORM 990 TO ENSURE THAT THERE ARE NO OMMISIONS OR MISSTATEMENTS. FORM 990, PAGE 6, PART VI, LINE 12C RECEIVE ANNUAL WRITTEN CONFIRMATION FORM 990, PAGE 6, PART VI, LINE 15A THE CEO HAS A WRITTEN EMPLOYMENT CONTRACT APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 15B THE CEO APPROVES THE SALARIES FOR EMPLOYEES. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. PERSONS MAY COME INTO ONE OF THE CREDIT UNION'S BRANCHES AND REQUEST A COPY OF ANY OF OUR GOVERNING DOCUMENTS. FINANCIALS ARE POSTED IN THE BRANCH LOBBIES AND PROVIDED ANNUALLY AT THE ANNUAL MEETING. FORM 990, PART IX, LINE 24E COMMUNICATIONS 97,976 0 0 STATEMENTS 97,366 0 0 VISA CC EXPENSE 90,651 0 0 PROVISION FOR LOAN LOSS 74,195 0 0 SURETY BOND 72,055 0 0 LOSS ON ATM/DEBIT CARD 55,162 0 0 CREDIT REPORTS 34,903 0 0 EMPLOYEE RELATIONSHIP 33,009 0 0 INDIRECT PROGRAM FEE 32,366 0 0 PROVISION FOR ODP 31,100 0 0 SUBSCRIPTIONS 26,504 0 0 ASSOCIATION DUES 25,287 0 0 SHARE DRAFT EXPENSE 23,144 0 0 GAIN/LOSS ON DISP OF ASSE 20,115 0 0 PCU BILLPAY EXPENSE 19,965 0 0 BANK SERVICE CHARGE 13,370 0 0 LOSS ON SHARE DRAFT 13,149 0 0 COLLECTION EXPENSE 8,943 0 0 RECORDING/FILING FEE 7,960 0 0 ACH EXPENSE 5,054 0 0 LOAN CLOSING 3,465 0 0 REWARDS EXPENSE 1,872 0 0 OVER/SHORT 1,597 0 0 LOSS ON CREDIT CARDS 452 0 0 OTHER MISC EXPENSE 121 0 0 FLOWERS - MEMORIAL 50 0 0 ATM OVER/SHORT -420 0 0 TOTAL 789,411 0 0 FORM 990, PART XI, LINE 9 UNREALIZED GAIN/LOSS ON PENSION 1,765,992 UNREALIZED GAIN/LOSS ON INVESTMENT 345,781 UNREALIZED GAIN/LOSS ON PENSION -1,688,203 UNREALIZED GAIN/LOSS ON INVESTMENT -4,171,378 TOTAL -3,747,808