2016-06-02T07:45:44-05:00 2015-12-31 570568919 CANTEY TILLER PIERCE & GREEN LLP PO BOX 862 CAMDEN SC 29021 990 2015-01-01 570421351 MID CAROLINA CREDIT UNION MIDC 8034328521 PO BOX 549 LUGOFF SC 29078 JOE TILMONT BOARD MEMBER 8034328521 2016-05-13 true JANET M PIERCE P00498837 8034321436 2016-05-13 2015 2016-09-27 15:27:22Z JOE TILMONT 5159936 false X WWW.MIDCAROLINACU.COM X 1961 SC STATE CHARTERED CREDIT UNION 9 9 49 12 0 0 4325334 4644006 422020 515930 0 4747354 5159936 0 0 1621171 1799297 0 0 2975906 3150007 4597077 4949304 150277 210632 106375550 111344806 90247170 95411402 16128380 15933404 STATE CHARTERED CREDIT UNION false false 4949304 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. 4949304 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 1768 0 false 49 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 X 0 0 0 CHERYL COLVIN BOARD MEMBER X 0 0 0 RICKEY GAUSE SUPERVISORY X 0 0 0 JOANN HANKS SECRETARY X 0 0 0 SANDRA MCLEOD SUPERVISORY X 0 0 0 MYRON MCMASKILL SUPERVISORY X 0 0 0 ROBERT MURPHY BOARD MEMBER X 0 0 0 GREG NETTLES CHAIRMAN X 0 0 0 LARRY STRICKLAND VICE CHAIRMA X 0 0 0 WANDA SWANN BOARD MEMBER X 0 0 0 JOE TILMONT BOARD MEMBER X 0 0 0 CECIL TRUESDALE TREASURER X 0 0 0 SCOTT CONLEY CEO 40.00 0.00 X 121370 0 0 121370 1 false false false FISERV PO BOX 979 BROOKFIELD WI 53008 DATA PROCESSOR 411619 BLUE CHOICE PO BOX 100124 COLUMBIA SC 29202 HEALTH INSURANC 315322 WITTENBACH 100 SPARKS VALLEY RD SPARKS GLENCOE MD 21152 EQUIPMENT 127258 DIEBOLD 308 WOLFE ST FREDERICKSBURG VA 22401 ATM & ALARM SER 103471 4 INTEREST ON LOANS 522291 2977590 2977590 FEE INCOME 522100 1313103 1313103 MISCELLANEOUS INCOME 522100 227365 227365 VISA INTEREST 522100 125948 125948 4644006 515930 515930 5159936 4644006 515930 X 1580343 1580343 -196335 -196335 299968 299968 115321 115321 12042 12042 56529 56529 119361 119361 82991 82991 186984 186984 67102 67102 24336 24336 277770 277770 145608 145608 990 990 ATM/VISA EXPENSE 523466 523466 DATA PROCESSING 385979 385979 PROVISION FOR LOAN LOSS 350930 350930 PROF. & O/S SVCS 167661 167661 748258 748258 4949304 4949304 0 0 13452208 6632771 12315284 9568449 9672 9672 58401738 71785236 4198204 2957526 1034399 1240678 15626479 12241054 5535770 9866946 106375550 111344806 592892 449464 89654278 94961938 90247170 95411402 X 16128380 15933404 16128380 15933404 106375550 111344806 210632 -405608 X false false false 728695 728695 766242 587242 179000 723405 677280 46125 1979862 1693004 286858 1240678 COLI 4388086 EMPLOEE PENSION 3771383 NCUSIF 910686 PPD 445924 ACCRUED INTEREST ON LOANS 171219 CIP 108150 ACCRUED INTEREST ON INVESTMENTS 67164 ASSETS ACQUIRED IN LIQUIDATION 12400 STABILIZATION RESERVE OTHER ASSETS -8066 9866946 SHARES 94961938 94961938 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. SOME DOCUMENTS ARE POSTED IN THE BRANCH LOBBIES. FORM 990, PART IX, LINE 24E DEALER FEE 137,450 0 0 COMMUNICATIONS 82,175 0 0 SURETY BOND 77,115 0 0 INDIRECT PROGRAM FEE 69,529 0 0 STATEMENTS 66,313 0 0 LOSS ON ATM/DEBIT CARD 43,114 0 0 VISA CC EXPENSE 40,818 0 0 COLLECTION EXPENSE 31,457 0 0 CREDIT REPORTS 31,453 0 0 SHARE DRAFT EXPENSE 29,112 0 0 OTHER MISC EXPENSE 26,185 0 0 PROVISION FOR ODP 19,974 0 0 EMPLOYEE RELATIONSHIP 16,441 0 0 LOSS ON SHARE DRAFT 16,235 0 0 PCU BILLPAY EXPENSE 16,209 0 0 ASSOCIATION DUES 12,338 0 0 SUBSCRIPTIONS 9,881 0 0 RECORDING/FILING FEE 9,700 0 0 ACH EXPENSE 8,654 0 0 BANK SERVICE CHARGE 8,293 0 0 LOAN CLOSING 6,045 0 0 OVER/SHORT 612 0 0 ATM SERVICES 354 0 0 FLOWERS - MEMORIAL 100 0 0 MISC OVER/SHORT 18 0 0 ATM OVER/SHORT -600 0 0 GAIN/LOSS ON SALE OF ASSE -672 0 0 GAIN.LOSS ON INVESTMENT -10,045 0 0 FORM 990, PART XI, LINE 9 UNREALIZED GAIN/LOSS ON PENSION 885,808 UNREALIZED GAIN/LOSS ON INVESTMENT 205,774 UNREALIZED LOSS ON INVESTMENT -1,387,422 UNREALIZED GAIN.LOSS ON PENSION -89,749 COLI -20,019 TOTAL -405,608