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 |
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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 |
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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 |
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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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