Jun, 30, 2024 — MID CAROLINA CREDIT UNION is a federally insured state chartered credit union headquartered in LUGOFF, SC with 5 branch locations and about $169.23 million in total assets. Opened 63 years ago in 1961, MID CAROLINA CREDIT UNION has about 15,046 members and employs 44 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: | 5 branch locations |
Members: | 15,046 |
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, 2021 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $169,226,776 |
CEO/Manager: | David H Mooney Jr |
Chairperson: | Dennis Arledge |
ASSETS: | $ Amount |
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Cash & Equivalents | 19,002,248 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 17,058,614 |
Unsecured Loans | 7,856,393 |
Other Loans | 58,510,900 |
TOTAL LOANS | 88,580,634 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -391,966 |
Land And Building | 7,050,796 |
Other Fixed Assets | 743,476 |
NCUSIF Deposit | 1,454,785 |
All Other Assets | 12,500 |
TOTAL ASSETS | 169,226,776 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 2,651,054 |
Accounts Payable & Other Liabilities | 858,043 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 26,727,703 |
Regular shares | 97,865,580 |
All Other Shares & Deposits | 27,647,446 |
TOTAL SHARES & DEPOSITS | 152,240,729 |
TOTAL LIABILITIES | 155,749,826 |
Regular Reserve | 0 |
Other Reserves | 2,131,043 |
Undivided Earnings | 11,345,907 |
TOTAL EQUITY | 13,476,950 |
TOTAL LIABILITIES, SHARES, & EQUITY | 169,226,776 |
INCOME & EXPENSE | |
Loan Income | 3,034,159 |
Investment Income | 563,240 |
Other Income | 893,275 |
Total Employee Compensation & Benefits | 1,729,618 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,897,062 |
Non-operating Income & (Expense) | 12 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 23,900 |
Cost of Funds | 305,615 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 583,976 |
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