2025-05-01T14:57:10-04:00 2024-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2024-01-01 570421351 MID CAROLINA CREDIT UNION MIDC 8034328521 PO BOX 549 LUGOFF SC 29078 DEAN SCARBOROUGH CEO 8034328521 2025-04-30 true false JANET M PIERCE P00498837 8034321436 2025-04-30 X 2024 2025-03-06 01:10:19Z DEAN SCARBOROUGH PO BOX 549 CAMDEN SC 29021 10699771 false X WWW.MIDCAROLINACU.COM X 1961 SC STATE CHARTERED CREDIT UNION 9 9 68 0 0 8406460 9414583 1150797 1285188 0 9557257 10699771 0 0 3059544 3775903 0 0 5336995 6484923 8396539 10260826 1160718 438945 171945643 171923076 157117843 154422387 14827800 17500689 STATE CHARTERED CREDIT UNION false false 9802444 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. 9802444 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 true false false false false false false false false false false false false false false true 1940 0 false 68 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 CEO 40.00 X 151740 0 12004 MICHAEL JENSEN VP OF IT 40.00 X 135281 0 9634 JENNIFER CAUTHEN VP OF FINANC 40.00 X 133929 0 4784 PAM DELK VP OF OPERAT 40.00 X 107668 0 10536 DENNIS ARLEDGE CHAIRMAN X 0 0 0 LINDA G CARTER BOARD MEMBER 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 TREASURER X 0 0 0 ROBERT MURPHY BOARD MEMBER X 0 0 0 GREG NETTLES BOARD MEMBER X 0 0 0 WANDA SWANN BOARD MEMBER X 0 0 0 528618 36958 4 false true false FISERV PO BOX 979 BROOKFIELD WI 53008 DATA PROCESSOR 879805 FISERV EFT PO BOX 979 BROOKFIELD WI 53008 CARD PROCESSOR 460574 EVANS SIMPSON AND ASSOC 2250 HEWATT ROAD SNELLVILLE GA 30039 INSURANCE 277959 WHITTENBACH 9009 PERIMETER WOODS DRIVE SUITE A CHARLOTTE NC 28216 EQUIPMENT REPAI 273240 BLUE CHOICE 4101 PERCIVAL ROAD COLUMBIA SC 29229 HEALTH INSURANC 228294 8 INTEREST ON LOANS 522291 6473791 6473791 FEE INCOME 522100 2353711 2353711 MISCELLANEOUS INCOME 522100 306773 306773 VISA INTEREST 522100 280308 280308 9414583 1285188 1285188 10699771 9414583 1285188 X 2750228 2475205 275023 631062 567956 63106 190028 171025 19003 204585 184126 20459 23180 23180 78879 78879 161041 161041 93486 93486 359986 323987 35999 93141 93141 19485 19485 1578065 1578065 351412 351412 113 113 ATM/VISA EXPENSE 1110174 1110174 DATA PROCESSING 608692 608692 GAIN/LOSS ON DISP OF ASSE 449065 449065 PROF. & O/S SVCS 447923 403131 44792 1110281 1110281 10260826 9802444 458382 0 8834190 19282064 7380748 5082635 31813 48349 103700215 101577314 10414808 3447022 7583634 6967786 31642515 25331354 12772528 13633574 171945643 171923076 742061 590131 156375782 153832256 157117843 154422387 X 14827800 17500689 14827800 17500689 171945643 171923076 X 438945 2233944 X false false 1798106 1798106 6002008 1531677 4470331 688797 573815 114982 1925897 1341530 584367 6967786 COLI 5639315 EMPLOYEE PENSION 4654867 NCUSIF 1498188 SETTLEMENT DEPOSIT 556000 PPD 509248 ACCRUED INTEREST ON LOANS 383615 REPOSSESSED LOANS 122324 ACCRUED INTEREST ON INVESTMENTS 100351 CIP 75399 SUPPLIES 43949 ACCRUED INTEREST ON PARTICIPATIONS 26682 MESSAGE PAY CLEARING 12041 VISA SETTLEMENT 11595 13633574 SHARES 153832256 153832256 false false false DEAN SCARBOROUGH CEO 148203 3537 5404 6600 163744 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 DEALER FEE 263,409 0 0 PROVISION FOR LOAN LOSS 160,680 0 0 COMMUNICATIONS 96,985 0 0 STATEMENTS 94,116 0 0 SURETY BOND 81,193 0 0 VISA CC EXPENSE 80,680 0 0 CREDIT REPORTS 45,298 0 0 EMPLOYEE RELATIONSHIP 40,411 0 0 INDIRECT PROGRAM FEE 31,988 0 0 ASSOCIATION DUES 31,918 0 0 PCU BILLPAY EXPENSE 24,453 0 0 PROVISION FOR ODP 21,920 0 0 SHARE DRAFT EXPENSE 20,422 0 0 BANK SERVICE CHARGE 18,075 0 0 LOSS ON ATM/DEBIT CARD 18,031 0 0 LOSS ON SHARE DRAFT 16,934 0 0 LOAN SERVICING EXPENSE 15,953 0 0 COLLECTION EXPENSE 12,938 0 0 SUBSCRIPTIONS 11,870 0 0 OTHER MISC EXPENSE 6,194 0 0 LOSS ON A2A TRANSACTIONS 5,000 0 0 RECORDING/FILING FEE 4,894 0 0 REWARDS EXPENSE 4,224 0 0 ACH EXPENSE 4,112 0 0 OVER/SHORT 486 0 0 FLOWERS - MEMORIAL 171 0 0 LOSS ON CREDIT CARDS 11 0 0 ATM OVER/SHORT -680 0 0 LOAN CLOSING -1,405 0 0 TOTAL 1,110,281 0 0 FORM 990, PART XI, LINE 9 UNREALIZED GAIN/LOSS ON PENSION 2,617,156 UNREALIZED GAIN/LOSS ON INVESTMENT 3,058,744 UNREALIZED GAIN/LOSS ON PENSION -1,347,448 UNREALIZED GAIN/LOSS ON INVESTMENT -2,094,508 TOTAL 2,233,944