2024-05-10T08:41:49-04:00 2023-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2023-01-01 570421351 MID CAROLINA CREDIT UNION MIDC 8034328521 PO BOX 549 LUGOFF SC 29078 DAVID H MOONEY CEO 8034328521 2024-05-08 true DAVID H MOONEY XXX-XX-XXXX false JANET M PIERCE P00498837 8034321436 2024-05-08 2023 2023-04-26 12:10:37Z DAVID H MOONEY PO BOX 549 LUGOFF SC 29078 9557257 false X WWW.MIDCAROLINACU.COM X 1961 SC STATE CHARTERED CREDIT UNION 9 9 55 0 0 6652396 8406460 982955 1150797 0 7635351 9557257 0 0 2401770 3059544 0 0 4370961 5336995 6772731 8396539 862620 1160718 167193089 171945643 153162143 157117843 14030946 14827800 STATE CHARTERED CREDIT UNION false false 8023466 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. 8023466 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 2282 0 false 55 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 DAVID H MOONEY CEO 40.00 X 161360 0 11187 DEAN SCARBOROUGH VP OF LENDIN 40.00 X 120688 0 11814 MICHAEL JENSEN VP OF IT 40.00 X 111460 0 15439 JENNIFER CAUTHEN VP OF FINANC 40.00 X 118851 0 5098 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 512359 43538 4 false true false FISERV PO BOX 979 BROOKFIELD WI 53008 DATA PROCESSOR 675357 CUNA MUTUAL 5910 MINERAL POINT ROAD MADISON WI 53705 DEBT PROTECTION 399667 FISERV EFT PO BOX 979 BROOKFIELD WI 53008 CARD PROCESSOR 398702 EVANS SIMPSON AND ASSOC 2250 HEWATT ROAD SNELLVILLE GA 30039 INSURANCE 318171 BLUE CHOICE 4101 PERCIVAL ROAD COLUMBIA SC 29229 HEALTH INSURANC 219529 10 INTEREST ON LOANS 522291 5507064 5507064 FEE INCOME 522100 2372143 2372143 MISCELLANEOUS INCOME 522100 297719 297719 VISA INTEREST 522100 229534 229534 8406460 1150797 1150797 9557257 8406460 1150797 X 2481900 2233710 248190 209048 188143 20905 186690 168021 18669 181906 163716 18190 23840 23840 86989 86989 115455 115455 79243 79243 335271 301743 33528 105247 105247 16659 16659 1088437 1088437 354509 354509 630 630 ATM/VISA EXPENSE 872722 872722 DATA PROCESSING 544356 544356 PROVISION FOR LOAN LOSS 347000 347000 PROF. & O/S SVCS 335906 302315 33591 1030731 1030731 8396539 8023466 373073 0 13781970 8834190 7522064 7380748 23506 31813 92074782 103700215 11042937 3459303 7710888 7583634 32784880 31642515 13294999 12772528 167193089 171945643 736857 742061 152425286 156375782 153162143 157117843 X 14030946 14827800 14030946 14827800 167193089 171945643 X 1160718 -363864 X false false 2373106 2373106 6137672 1519270 4618402 561321 556750 4571 1970838 1383283 587555 7583634 COLI 5484812 EMPLOYEE PENSION 3941810 NCUSIF 1520142 PPD 608218 SETTLEMENT DEPOSIT 556000 ACCRUED INTEREST ON LOANS 369123 ACCRUED INTEREST ON INVESTMENTS 123914 REPOSSESSED LOANS 75567 SUPPLIES 59457 ACCRUED INTEREST ON PARTICIPATIONS 20099 VISA SETTLEMENT 13386 12772528 SHARES 154175782 NOTE PAYABLE 2200000 156375782 false false false DAVID H MOONEY CEO 157954 3406 4260 6927 172547 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 264,409 0 0 STATEMENTS 111,699 0 0 COMMUNICATIONS 88,928 0 0 VISA CC EXPENSE 79,562 0 0 SURETY BOND 76,198 0 0 CREDIT REPORTS 52,505 0 0 EMPLOYEE RELATIONSHIP 43,735 0 0 INDIRECT PROGRAM FEE 40,080 0 0 GAIN/LOSS ON DISP OF ASSE 34,072 0 0 ASSOCIATION DUES 30,572 0 0 LOSS ON SHARE DRAFT 28,722 0 0 SUBSCRIPTIONS 28,457 0 0 PCU BILLPAY EXPENSE 27,531 0 0 LOSS ON ATM/DEBIT CARD 24,872 0 0 SHARE DRAFT EXPENSE 22,612 0 0 PROVISION FOR ODP 19,600 0 0 BANK SERVICE CHARGE 14,186 0 0 LOAN CLOSING 13,371 0 0 COLLECTION EXPENSE 9,906 0 0 RECORDING/FILING FEE 8,673 0 0 LOAN SERVICING EXPENSE 7,223 0 0 ACH EXPENSE 4,219 0 0 REWARDS EXPENSE 2,821 0 0 OVER/SHORT 1,994 0 0 LOSS ON CREDIT CARDS 1,168 0 0 LOSS ON A2A TRANSACTIONS 826 0 0 FLOWERS - MEMORIAL 50 0 0 ATM OVER/SHORT -7,260 0 0 TOTAL 1,030,731 0 0 FORM 990, PART XI, LINE 9 UNREALIZED GAIN/LOSS ON PENSION 1,688,203 UNREALIZED GAIN/LOSS ON INVESTMENT 4,171,378 UNREALIZED GAIN/LOSS ON PENSION -2,617,156 UNREALIZED GAIN/LOSS ON INVESTMENT -3,058,744 ONE TIME CECL ADJUSTMENT -547,545 TOTAL -363,864