2020-05-12T10:55:13-05:00 2019-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2019-01-01 570421351 MID CAROLINA CREDIT UNION MIDC 8034328521 PO BOX 549 LUGOFF SC 29078 SCOTT CONLEY CEO 8034328521 2020-05-11 true JANET M PIERCE P00498837 8034321436 2020-05-11 206.74.13.32 2020-05-12 10:55:13 CD P 8A5EF587CFE71028FDEAE561BA42261A23FBE972 34C51C3261704471D409D11DAE3CFA7FFB2472B8 2019 2021-04-22 16:20:28Z SCOTT CONLEY PO BOX 549 LUGOFF SC 29078 7108620 false X WWW.MIDCAROLINACU.COM X 1961 SC STATE CHARTERED CREDIT UNION 9 9 54 0 0 6350648 6344347 470991 764273 0 6821639 7108620 0 0 2314298 2436169 0 0 4190242 4147575 6504540 6583744 317099 524876 131863608 135073348 116380507 118590837 15483101 16482511 STATE CHARTERED CREDIT UNION false false 6291050 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. 6291050 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 2118 0 false 54 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 LUGOFF SC 29078 SCOTT CONLEY CEO 40.00 X 137116 0 0 DENNIS ARLEDGE VICE CHAIRMA 1.00 X 0 0 0 CHERYL COLVIN BOARD MEMBER 1.00 X 0 0 0 JOANN HANKS SECRETARY 1.00 X 0 0 0 CHALMERS EUGENE HORNSBY BOARD MEMBER 1.00 X 0 0 0 MIKE JONES BOARD MEMBER 1.00 X 0 0 0 ROBERT MURPHY BOARD MEMBER 1.00 X 0 0 0 GREG NETTLES CHAIRMAN 1.00 X 0 0 0 LARRY STRICKLAND TREASURER 1.00 X 0 0 0 WANDA SWANN BOARD MEMBER 1.00 X 0 0 0 DEAN SCARBOROUGH VP OF LENDIN 40.00 X 0 0 0 137116 1 false false false CONSULTANT BUILDERS 3100 MEDLOCK BRIDGE ROAD SUITE 420 PEACHTREE CORNERS GA 30071 CONSTRUCTION 3084870 FISERV PO BOX 979 BROOKFIELD WI 53008 DATA PROCESSOR 624202 EVANS SIMPSON AND ASSOC 2250 HEWATT ROAD SNELLVILLE GA 30039 INSURANCE 563513 FISERV EFT PO BOX 979 BROOKFIELD WI 53008 CARD PROCESSOR 403926 WITTENBACH 100 SPARKS VALLEY ROAD STE B SPARKS MD 21152 BANK EQUIPMENT 308858 7 INTEREST ON LOANS 522291 4122586 4122586 FEE INCOME 522100 1799265 1799265 MISCELLANEOUS INCOME 522100 237622 237622 VISA INTEREST 522100 184874 184874 6344347 764273 764273 7108620 6344347 764273 X 1959167 1763250 195917 100094 90085 10009 240058 216052 24006 136850 123165 13685 30731 30731 65159 65159 155151 155151 75724 75724 249887 224898 24989 65705 65705 21429 21429 680942 680942 210978 210978 1781 1781 ATM/VISA EXPENSE 709409 709409 DATA PROCESSING 594378 594378 PROVISION FOR LOAN LOSS 273176 273176 PROF. & O/S SVCS 240876 216788 24088 772249 772249 6583744 6291050 292694 0 12195624 13824236 6072650 8569397 144981 24494 89622827 83692744 11399027 2720382 2314900 8678645 9173111 10076015 12339515 10207817 131863608 135073348 379864 625896 116000643 117964941 116380507 118590837 X 15483101 16482511 15483101 16482511 131863608 135073348 X 524876 474534 X false false 2373106 2373106 5978880 952017 5026863 559133 518786 40347 2487908 1249579 1238329 8678645 COLI 4923523 EMPLOYEE PENSION 3150138 NCUSIF 1112000 SETTLEMENT DEPOSIT 407000 PPD 300610 ACCRUED INTEREST ON LOANS 238762 REPOSSESSED LOANS 34503 ACCRUED INTEREST ON INVESTMENTS 29718 SUPPLIES 16864 ASSETS ACQUIRED IN LIQUIDATION 2500 CIP 780 VISA SETTLEMENT -8581 10207817 SHARES 113264941 NOTE PAYABLE 4700000 117964941 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 176,259 0 0 COMMUNICATIONS 109,744 0 0 STATEMENTS 72,245 0 0 SURETY BOND 61,368 0 0 VISA CC EXPENSE 57,671 0 0 CREDIT REPORTS 42,791 0 0 SHARE DRAFT EXPENSE 33,430 0 0 ASSOCIATION DUES 28,239 0 0 INDIRECT PROGRAM FEE 24,409 0 0 EMPLOYEE RELATIONSHIP 22,379 0 0 LOSS ON ATM/DEBIT CARD 21,599 0 0 SUBSCRIPTIONS 21,330 0 0 PCU BILLPAY EXPENSE 20,791 0 0 COLLECTION EXPENSE 15,683 0 0 PROVISION FOR ODP 14,850 0 0 GAIN/LOSS ON DISP OF ASSE 13,005 0 0 LOSS ON CREDIT CARDS 12,194 0 0 LOAN CLOSING 11,983 0 0 ACH EXPENSE 11,376 0 0 LOSS ON SHARE DRAFT 9,929 0 0 RECORDING/FILING FEE 7,384 0 0 BANK SERVICE CHARGE 6,884 0 0 OTHER MISC EXPENSE 1,552 0 0 REWARDS EXPENSE 828 0 0 FLOWERS - MEMORIAL 200 0 0 OVER/SHORT -384 0 0 ATM OVER/SHORT -720 0 0 GAIN.LOSS ON INVESTMENT -24,770 0 0 TOTAL 772,249 0 0 FORM 990, PART XI, LINE 9 UNREALIZED GAIN/LOSS ON PENSION 2,235,878 UNREALIZED GAIN/LOSS ON INVESTMENT 269,264 UNREALIZED GAIN/LOSS ON PENSION -2,045,026 UNREALIZED GAIN/LOSS ON INVESTMENT 14,418 TOTAL 474,534