2011-08-12T19:01:19-00:00 2010-12-31 ORTH CHAKLER MURNANE AND CO CPAs 12060 SW 129 COURT SUITE 201 MIAMI FL 33186 990 2010-01-01 561295697 FIRST CAROLINA CORPORATE CREDIT UNION FIRS 3362174992 4160 PIEDMONT PARKWAY Room No 200 GREENSBORO NC 27410 DAVID BREHMER 3362174992 2011-08-12 false DOUGLAS ORTH 3052328272 2011-08-12 2010 2016-02-24 21:20:13Z DAVID BREHMER 4160 PIEDMONT PARKWAY STE 200 GREENSBORO NC 27410 55411674 false 2032 X WWW.FIRSTCAROLINA.ORG X CREDIT UNION 1980 NC FIRST CAROLINA IS THE CREDIT UNIONS' "CREDIT UNION" OFFERING LIQUIDITY SERVICES, INVESTMENT SERVICES, AND CORRESPONDENT SERVICES TO ITS MEMBERS. FIRST CAROLINA IS THE CREDIT UNIONS CREDIT UNION OFFERING LIQUIDITY SERVICES, INVESTMENT SERVICES, AND CORRESPONDENT SERVICES TO ITS MEMBERS. 8 8 27 16 0 0 4911653 3848967 17283710 14167339 13679099 0 35874462 18016306 0 0 1970271 1826473 0 0 47307453 12984213 49277724 14810686 -13403262 3205620 1781833580 1917670925 1806431844 1929115582 -24598264 -11444657 MAXIMIZE THE VALUE OF MEMBER OWNERSHIP THROUGH SUPERIOR SERVICE AND PERSONALIZED PRODUCTS. false false SETTLEMENT AND PAYMENT SERVICES MANAGEMENT OF SHORT TERM FUNDS FOR THE MEMBERSHIP PROVIDING LIQUIDITY SERVICES. INCOME FROM PROVIDING SERVICES TO CREDIT UNION MEMBERS AND MANAGING THEIR SHORT-TERM DEPOSITS PROVIDE THE FOUNDATION FOR THE ORGANIZATIONS OPERATIONAL STABILITY AND ABILITY TO PROVIDE VALUE-ADDED LOW COST SERVICES TO ITS RESTRICTED MEMBERSHIP. false false false false false false false false true false false false true false true 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 false true 0 0 27 true false false false false false false false X 8 8 false false false false true true false true true false false false true true true true true true true false X DAVID BREHMER 3362174992 4160 PIEDMONT PARKWAY GREENSBORO NC 27410 SCOTT WOODS 003.00 X 0 0 0 ROBERT BRUNS 002.00 X 0 0 0 RANDY CRAWFORD 002.00 X 0 0 0 STEVE HARKINS 002.00 X 0 0 0 JACK BRASWELL 002.00 X 0 0 0 LUCILE BECKWITH 002.00 X 0 0 0 JAMES MCDANIEL 002.00 X 0 0 0 SCOTT WEAVER 002.00 X 0 0 0 DAVID BREHMER 040.00 X 161879 0 12937 MARK BROWN 040.00 X 112273 0 9674 FRED EISEL 040.00 X 129264 0 10847 403416 33458 3 false true false NORTH CAROLINA CREDIT UNION LEAGUE 323 W JONES STREET RALEIGH NC 27609 PAYROLL SERVICES 1905858 FEDERAL RESERVE BANK 701 E BYRD ST RICHMOND VA 23219 SETTLEMENT AND WIRES 297043 JACK HENRY & ASSOCIATES INC 663 W HIGHWAY 60 MONETT MO 65708 DATA PROCESSING 257203 US CENTRAL FCU 9701 RENNER BLVD STE 100 LENEXA KS 66219 SETTLEMENT, SAFEKEEPING, AND WIRES 201165 JAMESTOWN BOB LLC 501 MINUET LANE STE 103 CHARLOTTE NC 28217 BUILDING RENT 151428 8 INCOME ON LOANS 522100 1167670 1167670 FEES/CHARGES/OTHER 522100 2681297 2681297 3848967 14180968 14180968 37337739 44000 37345368 50000 -7629 -6000 -13629 -13629 18016306 18016306 0 0 0 0 436874 436874 0 1061833 1061833 57460 57460 146324 146324 123982 123982 0 41065 41065 92475 92475 0 0 154605 154605 64684 64684 1297121 1297121 649805 649805 0 172863 172863 94569 94569 0 15067 15067 8372644 8372644 0 43178 43178 136785 136785 SEE ATTACHED SCHEDULE 1849352 1849352 0 14810686 14810686 16306810 433654 1312451117 1370920383 1717913 3256960 33515329 30497914 205191 116813 716383 599281 169192 117102 363328529 464706747 53674532 47178700 464967 442652 1781833580 1917670925 2084757 1546452 107257800 51997304 1697089287 1875571826 1806431844 1929115582 X -24598264 -11444657 -24598264 -11444657 1781833580 1917670925 X 3205620 9947987 X false true true X false false 19926 18516 1410 615346 509510 105836 81111 71255 9856 117102 NON-MS DAILY SHARE ACCOUNTS 936390 DAILY SHARE ACCOUNTS 1373192141 VR-30 SHARE ACCOUNTS 24470249 VR-90 SHARE ACCOUNTS 270126574 HOLIDAY ACCUMULATION ACCOUNT 5138000 UNCOLLECTED DEPOSITS-CASH LETTER 41783 CIF CERTIFICATES 800000 CERTIFICATES 164978708 MEMBERSHIP CAPITAL SHARES 35887981 1875571826 18016306 14810686 3205620 8312232 1635755 9947987 13153607 18016306 18016306 18016306 14810686 14810686 14810686 XI 8 RECLASSIFICATION ADJUSTMENT FOR NET LOSSES INCLUDED IN NET INCOME. X 2 FIN 48 IS NOT APPLICABLE. X X X false false false DAVID BREHMER 150000 11879 7500 5437 174816 Form 990 Part VI 6 MEMBERS ARE MADE UP OF NATURAL PERSON CREDIT UNIONS. MEMBERSHIP IS REQUIRED FOR SERVICE. Form 990 Part VI 7A THE CREDIT UNION MEMBERSHIP MAY PARTICIPATE IN ELECTION OF OFFICIALS. Form 990 Part VI 11 THE SVP/CFO IS RESPONSIBLE FOR THE PREPERATION OF THE RETURN. THE RETURN IS REVIEWED BY THE CREDIT UNIONS PRESIDENT/CEO. ONCE THIS REVIEW IS COMPLETED AND ANY NECESSARY CORRECTIONS ARE MADE, THE RETURN IS FILED. Form 990 Part VI 12C AT EACH BOARD OF DIRECTORS MEETING THEY ARE ASKED IF ANY CONFLICTS EXIST AND RECUSALS NECESSARY TO TRANSACT BUSINESS. Form 990 Part VI 15B OUTSIDE CONSULTANT REVIEWS POSITIONS BI-ANNUALLY AND PARTICIPATE IN CORPORATE CREDIT UNION SALARY SURVEY ANNUALLY. Form 990 Part VI 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE NOT MADE AVAILABLE TO THE PUBLIC. Form 990 Part XI 5 8,312,232 NET UNREALIZED HOLDING GAINS ON INVESTMENTS CLASSIFIED AS AVAILABLE-FOR-SALE 1,635,755 OTHER THAN TEMPORARY IMPAIRMENT ON INVESTMENT SECURITIES.