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    <Timestamp>2011-05-17T08:10:00-05:00</Timestamp>
    <TaxPeriodEndDate>2010-12-31</TaxPeriodEndDate>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2010-01-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>237056307</EIN>
      <Name>
        <BusinessNameLine1>GUCO CREDIT UNION</BusinessNameLine1>
      </Name>
      <NameControl>GUCO</NameControl>
      <Phone>2525511599</Phone>
      <USAddress>
        <AddressLine1>523 EVANS STREET</AddressLine1>
        <City>GREENVILLE</City>
        <State>NC</State>
        <ZIPCode>27858</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>TIMOTHY L LINEBERRY</Name>
      <Title>GM CEO</Title>
      <Phone>2525511599</Phone>
      <DateSigned>2011-05-16</DateSigned>
    </Officer>
    <TaxYear>2010</TaxYear>
    <BuildTS>2016-02-24 21:20:13Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="4">
    <IRS990 referenceDocumentId="RetDoc2" documentId="RetDoc5">
      <DoingBusinessAs>
        <BusinessNameLine1>GUCO CREDIT UNION</BusinessNameLine1>
      </DoingBusinessAs>
      <NameOfPrincipalOfficerPerson>TIMOTHY L LINEBERRY</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>523 EVANS STREET</AddressLine1>
        <City>GREENVILLE</City>
        <State>NC</State>
        <ZIPCode>27858</ZIPCode>
      </AddressPrincipalOfficerUS>
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      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <AllAffiliatesIncluded>true</AllAffiliatesIncluded>
      <Organization501c typeOf501cOrganization="14">X</Organization501c>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1970</YearFormation>
      <StateLegalDomicile>NC</StateLegalDomicile>
      <ActivityOrMissionDescription>GUCO CREDIT UNION IS A NOT FOR PROFIT FINANCIAL COOPERATIVE THAT SERVES ITS MEMBERSHIP BY OFFERING DEPOSIT ACCOUNTS AND LOANS AT REASONABLE RATES.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>5</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>3</NbrIndependentVotingMembers>
      <TotalNbrEmployees>3</TotalNbrEmployees>
      <TotalNbrVolunteers>11</TotalNbrVolunteers>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsCurrentYear>0</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>456970</ProgramServiceRevenuePriorYear>
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      <TotalRevenuePriorYear>682631</TotalRevenuePriorYear>
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      <GrantsAndSimilarAmntsCY>0</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersPriorYear>8283</BenefitsPaidToMembersPriorYear>
      <BenefitsPaidToMembersCY>8051</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>156184</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>177605</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>0</TotalFundrsngExpCurrentYear>
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      <TotalLiabilitiesBOY>10388475</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>10784562</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>1351703</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>1404723</NetAssetsOrFundBalancesEOY>
      <MissionDescription>GUCO CREDIT UNION IS A NOT FOR PROFIT FINANCIAL COOPERATIVE THAT SERVES ITS MEMBERSHIP BY OFFERING DEPOSIT ACCOUNTS AND LOANS AT REASONABLE RATES.</MissionDescription>
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      <SignificantChange>false</SignificantChange>
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      <Revenue>569990</Revenue>
      <Description>GUCO CREDIT UNION PROVIDES ITS MEMBERSHIP WITH DEPOSIT ACCOUNTS AND LOANS AT REASONABLE RATES.</Description>
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      <DescribedIn501C3>false</DescribedIn501C3>
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      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
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      <TermOrPermanentEndowments>false</TermOrPermanentEndowments>
      <ReportLandBldgEquip>true</ReportLandBldgEquip>
      <ReportInvestOthSecurities>false</ReportInvestOthSecurities>
      <ReportProgRelInvest>false</ReportProgRelInvest>
      <ReportOtherAssets>false</ReportOtherAssets>
      <ReportOtherLiabilities>false</ReportOtherLiabilities>
      <ReportFin48Footnote>false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt>false</IndependentAuditFinancialStmt>
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      <School>false</School>
      <ForeignOffice>false</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations>false</GrantsToOrganizations>
      <GrantsToIndividuals>false</GrantsToIndividuals>
      <ScheduleJRequired>false</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <LoanToOfficerOrDQP referenceDocumentId="RetDoc3">true</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization referenceDocumentId="RetDoc3">true</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
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      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
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      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>1</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
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      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
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      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <IndoorTanningServices>false</IndoorTanningServices>
      <NbrVotingGoverningBodyMembers>5</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>3</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>true</MembersOrStockholders>
      <ElectionOfBoardMembers>true</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>true</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>false</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>false</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>false</WhistleblowerPolicy>
      <DocumentRetentionPolicy>true</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>J DONALD HUDSON</NamePerson>
        <TelephoneNumber>2525511599</TelephoneNumber>
        <AddressUS>
          <AddressLine1>523 EVANS STREET</AddressLine1>
          <City>GREENVILLE</City>
          <State>NC</State>
          <ZIPCode>27858</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
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        <NamePerson>TONY L SMART</NamePerson>
        <Title>PRESIDENT</Title>
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        <Officer>X</Officer>
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        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>JANET V DRINNON</NamePerson>
        <Title>VICE-PRESIDENT</Title>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
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      <Form990PartVIISectionA>
        <NamePerson>J DONALD HUDSON</NamePerson>
        <Title>SECRETARYTREASURER</Title>
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        <Officer>X</Officer>
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        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DIXIE HAIRSTON</NamePerson>
        <Title>DIRECTOR</Title>
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        <IndividualTrusteeOrDirector>X</IndividualTrusteeOrDirector>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
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      <Form990PartVIISectionA>
        <NamePerson>CHRIS VIVERETTE</NamePerson>
        <Title>DIRECTOR</Title>
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        <OtherCompensation>0</OtherCompensation>
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        <NameOfContractor>
          <NamePerson>NA</NamePerson>
        </NameOfContractor>
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        <BusinessCode>522130</BusinessCode>
        <TotalRevenueColumn>458743</TotalRevenueColumn>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>OTHER OPERATING INCOME</Description>
        <BusinessCode>522130</BusinessCode>
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      </ProgramServiceRevenue>
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      </InvestmentIncome>
      <TotalRevenue>
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        <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
        <UnrelatedBusinessRevenue>0</UnrelatedBusinessRevenue>
        <ExclusionAmount>0</ExclusionAmount>
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      <BenefitsToMembers>
        <Total>8051</Total>
        <ProgramServices>8051</ProgramServices>
      </BenefitsToMembers>
      <CompCurrentOfficersDirectors>
        <Total>3000</Total>
        <ProgramServices>3000</ProgramServices>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>128874</Total>
        <ProgramServices>128874</ProgramServices>
      </OtherSalariesAndWages>
      <PensionPlanContributions>
        <Total>8981</Total>
        <ProgramServices>8981</ProgramServices>
      </PensionPlanContributions>
      <OtherEmployeeBenefits>
        <Total>36750</Total>
        <ProgramServices>36750</ProgramServices>
      </OtherEmployeeBenefits>
      <FeesForServicesAccounting>
        <Total>10275</Total>
        <ProgramServices>10275</ProgramServices>
      </FeesForServicesAccounting>
      <OfficeExpenses>
        <Total>43974</Total>
        <ProgramServices>43974</ProgramServices>
      </OfficeExpenses>
      <Occupancy>
        <Total>22875</Total>
        <ProgramServices>22875</ProgramServices>
      </Occupancy>
      <ConferencesMeetings>
        <Total>2971</Total>
        <ProgramServices>2971</ProgramServices>
      </ConferencesMeetings>
      <Interest>
        <Total>189224</Total>
        <ProgramServices>189224</ProgramServices>
      </Interest>
      <OtherExpenses>
        <Description>LOAN LOSS PROVISION</Description>
        <Total>11000</Total>
        <ProgramServices>11000</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>NCUSIF PREMIUM EXPENSE</Description>
        <Total>12758</Total>
        <ProgramServices>12758</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CORPORATE CREDIT UNION STABILIZATION EXP</Description>
        <Total>13949</Total>
        <ProgramServices>13949</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>CORPORATE CREDIT UNION INVESTMENT</Description>
        <Total>14508</Total>
        <ProgramServices>14508</ProgramServices>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISC EXPENSE</Description>
        <Total>9780</Total>
        <ProgramServices>9780</ProgramServices>
      </OtherExpenses>
      <TotalFunctionalExpenses>
        <Total>516970</Total>
        <ProgramServices>516970</ProgramServices>
        <ManagementAndGeneral>0</ManagementAndGeneral>
        <Fundraising>0</Fundraising>
      </TotalFunctionalExpenses>
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        <EOY>458099</EOY>
      </CashNonInterestBearing>
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      </SavingsAndTempCashInvestments>
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        <BOY>5800606</BOY>
        <EOY>5943158</EOY>
      </OtherNotesLoansReceivableNet>
      <InventoriesForSaleOrUse>
        <BOY>105422</BOY>
        <EOY>125754</EOY>
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        <EOY>12189285</EOY>
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        <EOY>7965</EOY>
      </AccountsPayableAccruedExpenses>
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        <EOY>10776597</EOY>
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        <BOY>10388475</BOY>
        <EOY>10784562</EOY>
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        <BOY>1351703</BOY>
        <EOY>1404723</EOY>
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        <EOY>1404723</EOY>
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      <TotalLiabNetAssetsFundBalances>
        <BOY>11740178</BOY>
        <EOY>12189285</EOY>
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      <ReconcilationRevenueExpenses>53020</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
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      <FSAudited>true</FSAudited>
      <AuditCommittee>true</AuditCommittee>
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        <Depreciation>107143</Depreciation>
        <BookValue>14912</BookValue>
      </Equipment>
      <TotalOfBookValueLandBuildings>14912</TotalOfBookValueLandBuildings>
      <OtherLiabilities>
        <Description>MEMBER DEPOSIT ACCOUNTS</Description>
        <Amount>10776597</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>10776597</TotalOfAmounts>
    </IRS990ScheduleD>
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        <NamePerson>DIXIE HAIRSTON</NamePerson>
        <LoanFromOrganization>X</LoanFromOrganization>
        <OriginalPrincipalAmount>7500</OriginalPrincipalAmount>
        <BalanceDue>7500</BalanceDue>
        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
      </LoanTable>
      <LoanTable>
        <NamePerson>CHRIS VIVERETTE</NamePerson>
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        <Default>false</Default>
        <ApprovedByBoard>true</ApprovedByBoard>
        <WrittenAgreement>true</WrittenAgreement>
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      <GeneralExplanation>
        <Explanation>FINANCIAL STATEMENTS ARE ON PUBLIC DISPLAY AT ALL TIMES. OTHER DOCUMENTS ARE AVAILABLE UPON REQUEST.</Explanation>
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