Sep, 30, 2025 — MID CAROLINA CREDIT UNION is a federally insured state chartered credit union headquartered in LUGOFF, SC with 5 branch locations and about $179.93 million in total assets. Opened 65 years ago in 1961, MID CAROLINA CREDIT UNION has about 14,088 members and employs 49 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: | 5 branch locations |
| Members: | 14,088 |
| 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, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $179,933,447 |
| CEO/Manager: | Dean Scarborough |
| Chairperson: | Dennis Arledge |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 18,989,905 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 33,372,765 |
| Unsecured Loans | 11,360,880 |
| Other Loans | 57,751,874 |
| TOTAL LOANS | 109,046,120 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -855,444 |
| Land And Building | 6,162,336 |
| Other Fixed Assets | 915,801 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,504,652 |
| All Other Assets | 0 |
| TOTAL ASSETS | 179,933,447 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,339 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | -611,183 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,546,733 |
| Regular shares | 64,966,705 |
| All Other Shares & Deposits | 68,651,357 |
| TOTAL SHARES & DEPOSITS | 161,164,798 |
| TOTAL LIABILITIES | 160,576,954 |
| Regular Reserve | 0 |
| Other Reserves | -2,552,693 |
| Undivided Earnings | 21,909,186 |
| TOTAL EQUITY | 19,356,493 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 179,933,447 |
| INCOME & EXPENSE | |
| Loan Income | 5,395,808 |
| Investment Income | 1,258,828 |
| Other Income | 1,037,223 |
| Total Employee Compensation & Benefits | 2,501,226 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 3,521,770 |
| Non-operating Income & (Expense) | 8,000 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 464,131 |
| Cost of Funds | 1,387,108 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 966,533 |
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