2017-06-15T08:30:30-04:00 2016-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2016-01-01 570421351 MID CAROLINA CREDIT UNION MIDC 8034328521 PO BOX 549 LUGOFF SC 29078 JOE TILMONT BOARD MEMBER 8034328521 2017-06-12 true JANET M PIERCE P00498837 8034321436 2017-06-12 61FC0FC766B8AAB84CB4E49FB7BA59E5C69AD90F 446CEA1696A19297E71E085BFBE8A864DD9F526E 2016 2021-01-29 14:40:06Z JOE TILMONT 5828727 false X WWW.MIDCAROLINACU.COM X 1961 SC STATE CHARTERED CREDIT UNION 9 9 55 0 0 4644006 5428483 515930 400244 0 5159936 5828727 0 0 1799297 2034989 0 0 3150007 3599036 4949304 5634025 210632 194702 111344806 124860549 95411402 109116534 15933404 15744015 STATE CHARTERED CREDIT UNION false false 5634025 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. 5634025 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 1908 0 false 55 true 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 true true true false true true true false X JENNIFER CAUTHEN 8034324705 719 HWY 1 SOUTH LUGOFF SC 29078 DENNIS ARLEDGE BOARD MEMBER 0.25 X 0 0 0 CHERYL COLVIN BOARD MEMBER 0.25 X 0 0 0 RICKEY GAUSE SUPERVISORY 0.25 X 0 0 0 JOANN HANKS SECRETARY 0.25 X 0 0 0 SANDRA MCLEOD SUPERVISORY 0.25 X 0 0 0 MYRON MCMASKILL SUPERVISORY 0.25 X 0 0 0 ROBERT MURPHY BOARD MEMBER 0.25 X 0 0 0 GREG NETTLES CHAIRMAN 0.25 X 0 0 0 LARRY STRICKLAND VICE CHAIRMA 0.25 X 0 0 0 WANDA SWANN BOARD MEMBER 0.25 X 0 0 0 JOE TILMONT BOARD MEMBER 0.25 X 0 0 0 CECIL TRUESDALE TREASURER 0.25 X 0 0 0 SCOTT CONLEY CEO 40.00 X 123030 0 0 123030 1 false false false FISERV PO BOX 979 BROOKFIELD WI 53008 DATA PROCESSOR 613806 1 INTEREST ON LOANS 522291 3675383 3675383 FEE INCOME 522100 1413940 1413940 MISCELLANEOUS INCOME 522100 206165 206165 VISA INTEREST 522100 132995 132995 5428483 400244 400244 5828727 5428483 400244 X 1724132 1724132 -70406 -70406 250605 250605 130658 130658 12801 12801 85525 85525 139136 139136 66874 66874 221751 221751 67278 67278 22869 22869 411286 411286 162837 162837 1429 1429 ATM/VISA EXPENSE 555098 555098 DATA PROCESSING 430330 430330 DEALER FEE 351539 351539 PROVISION FOR LOAN LOSS 258688 258688 811595 811595 5634025 5634025 0 0 6632771 6115411 9568449 1960241 9672 28744 71785236 95529732 4737097 2401901 1240678 2335196 12241054 8220014 9866946 10671211 111344806 124860549 449464 392730 94961938 108723804 95411402 109116534 X 15933404 15744015 15933404 15744015 111344806 124860549 194702 -384091 X false false false 1915706 1915706 790156 665390 124766 733212 694605 38607 1298023 1041906 256117 2335196 COLI 4518990 EMPLOYEE PENSION 3544319 NCUSIF 1071543 PPD 833641 SETTLEMENT DEPOSIT 407000 ACCRUED INTEREST ON LOANS 213955 ASSETS ACQUIRED IN LIQUIDATION 38250 CIP 32122 ACCRUED INTEREST ON INVESTMENTS 25984 OTHER ASSETS -14593 10671211 SHARES 108723804 108723804 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 PROF. & O/S SVCS 175,233 0 0 COMMUNICATIONS 90,933 0 0 INDIRECT PROGRAM FEE 86,684 0 0 LOSS ON ATM/DEBIT CARD 86,379 0 0 SURETY BOND 77,262 0 0 STATEMENTS 57,718 0 0 VISA CC EXPENSE 43,833 0 0 SHARE DRAFT EXPENSE 36,533 0 0 CREDIT REPORTS 31,629 0 0 COLLECTION EXPENSE 25,757 0 0 ASSOCIATION DUES 20,814 0 0 PROVISION FOR ODP 16,319 0 0 PCU BILLPAY EXPENSE 16,097 0 0 EMPLOYEE RELATIONSHIP 14,724 0 0 SUBSCRIPTIONS 12,788 0 0 ACH EXPENSE 12,047 0 0 RECORDING/FILING FEE 10,573 0 0 GAIN/LOSS ON DISP OF ASSE 8,553 0 0 LOSS ON CREDIT CARDS 6,652 0 0 BANK SERVICE CHARGE 6,589 0 0 OVER/SHORT 2,619 0 0 OTHER MISC EXPENSE 697 0 0 FLOWERS - MEMORIAL 270 0 0 MISC OVER/SHORT 39 0 0 ATM OVER/SHORT -1,414 0 0 LOAN CLOSING -1,700 0 0 LOSS ON SHARE DRAFT -1,820 0 0 GAIN.LOSS ON INVESTMENT -24,213 0 0 TOTAL 811,595 0 0 FORM 990, PART XI, LINE 9 UNREALIZED GAIN/LOSS ON PENSION 1,387,422 UNREALIZED GAIN/LOSS ON INVESTMENT 89,749 UNREALIZED LOSS ON INVESTMENT -1,667,760 UNREALIZED GAIN.LOSS ON PENSION -173,537 PRIOR PERIOD ADJUSTMENT -19,965 TOTAL -384,091