Dec, 31, 2023 — MID CAROLINA CREDIT UNION is a federally insured state chartered credit union headquartered in LUGOFF, SC with 4 branch locations and about $171.95 million in total assets. Opened 63 years ago in 1961, MID CAROLINA CREDIT UNION has about 14,403 members and employs 47 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | MID CAROLINA CREDIT UNION |
|---|---|
| Address: (Main Office) | 841 Highway 1 S LUGOFF, SC 29078-9436 |
| Phone: | (803) 432-8521 |
| Fax: | (803) 425-1936 |
| Website: | https://www.midcarolinacu.com |
| Branches: | 4 branch locations |
| Members: | 14,403 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60735 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1961 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $171,945,640 |
| CEO/Manager: | David H Mooney Jr |
| Chairperson: | Dennis Arledge |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 8,215,174 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 22,270,645 |
| Unsecured Loans | 11,152,069 |
| Other Loans | 65,049,797 |
| TOTAL LOANS | 104,739,830 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -964,049 |
| Land And Building | 6,991,507 |
| Other Fixed Assets | 592,126 |
| NCUSIF Deposit | 1,520,142 |
| All Other Assets | 0 |
| TOTAL ASSETS | 171,945,640 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,339 |
| Notes & Interest Payable | 2,213,272 |
| Accounts Payable & Other Liabilities | 705,437 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 26,889,577 |
| Regular shares | 84,481,479 |
| All Other Shares & Deposits | 42,804,726 |
| TOTAL SHARES & DEPOSITS | 154,175,782 |
| TOTAL LIABILITIES | 157,117,830 |
| Regular Reserve | 0 |
| Other Reserves | 2,590,056 |
| Undivided Earnings | 12,237,754 |
| TOTAL EQUITY | 14,827,810 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 171,945,640 |
| INCOME & EXPENSE | |
| Loan Income | 5,736,598 |
| Investment Income | 1,008,235 |
| Other Income | 1,282,266 |
| Total Employee Compensation & Benefits | 3,059,544 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,847,881 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 366,600 |
| Cost of Funds | 1,088,437 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,160,723 |
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