Mid Carolina Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 570421351 ✦ Lugoff, SC ✦ Designated as a 501(c)(14)

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Overview

What is Mid Carolina Credit Union?

Mid Carolina Credit Union is a state-chartered financial institution committed to providing an exceptional service experience for its members. They prioritize being a responsible community citizen, offering both financial and human support to local initiatives and credit union ventures. Their mission is centered around delivering top-notch financial services, ensuring each member receives the best possible experience. As a socially responsible entity, they actively contribute to their community's wellbeing.


Official website here: www.midcarolinacu.com

Is Mid Carolina Credit Union legitimate?

Mid Carolina Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Mid Carolina Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,209,934

For more financial information, click here


Official website here: www.midcarolinacu.com

What is the mission statement of Mid Carolina Credit Union?

Mid Carolina Credit Union's mission is centered around delivering a superior financial service experience to each of its members. The credit union also emphasizes its role as a responsible community citizen, extending both financial and human support to local initiatives and credit union-related causes.


Official website here: www.midcarolinacu.com

Who is the CEO of Mid Carolina Credit Union?

David H Mooney is the Vp Of Lendin of Mid Carolina Credit Union. The CEO's salary of Mid Carolina Credit Union is $0 and their total compensation is $0.


Official website here: www.midcarolinacu.com

What is the revenue of Mid Carolina Credit Union?

Mid Carolina Credit Union's revenue in 2022 was $7,635,351.


Official website here: www.midcarolinacu.com

Who are the executives of Mid Carolina Credit Union and what are their salaries?

The average compensation at Mid Carolina Credit Union during 2022 was $41,697. There are 53 employees at Mid Carolina Credit Union.


Here are 13 key members and their salaries (Mid Carolina Credit Union's CEO's salary is $0 and their total compensation is $0):


Dean Scarborough (Vp Of Lendin)
  • Compensation: $110,133
  • Related: $0
  • Other: $6,373
Michael Jensen (Vp Of It)
  • Compensation: $102,783
  • Related: $0
  • Other: $9,799
Jennifer Cauthen (Vp Of Financ)
  • Compensation: $110,801
  • Related: $0
  • Other: $873
Dennis Arledge (Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cheryl Colvin (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joann Hanks (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chalmers Eugene Hornsby (Vice Chairma)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mike Jones (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Murphy (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Greg Nettles (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Derial Ogburn (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Wanda Swann (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David H Mooney (Ceo)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.midcarolinacu.com

Where can I find the form 990 for Mid Carolina Credit Union?

Mid Carolina Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.midcarolinacu.com

Learn more at the official website: www.midcarolinacu.com

Mission Statement of Mid Carolina Credit Union

Mid Carolina Credit Union, as a state-chartered credit union, is committed to providing a top-notch financial service experience for each of its members. This commitment extends beyond just financial services, as the institution also strives to be a socially responsible member of its community. Mid Carolina Credit Union demonstrates its commitment to community by offering financial and human support to local and credit union endeavors. This approach allows the credit union to contribute positively to its community while ensuring its members receive the best possible service.

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Impact




October, 2024

Mid Carolina Credit Union significantly impacts its community by providing quality financial services tailored to the needs of its members. Based in Lugoff, SC, the credit union emphasizes socially responsible practices, ensuring that it contributes positively not only through financial products but also through active engagement in local initiatives.

By prioritizing member experience, Mid Carolina Credit Union fosters a supportive environment that encourages financial literacy and empowerment. Its commitment to human and financial support for community endeavors further strengthens local ties, promoting economic growth and stability. The credit union's operations serve as a model for how financial institutions can be a driving force for public benefit, enhancing the overall well-being of the communities they serve.




This information is meant to be a general summary of Mid Carolina Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$7,635,351 (2022)
Expenses
$6,772,731 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $982,955
  • Program Service Revenue: $6,652,396
  • Gross Receipts: $7,635,351

Assets and Liabilities:

  • Total Assets: $167,193,089
  • Total Liabilities: $153,162,143
  • Net Assets: $14,030,946

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$4,040,915

FEE INCOME

Revenue

$2,092,716

MISCELLANEOUS INCOME

Revenue

$355,594

VISA INTEREST

Revenue

$163,171

Organization Details

Founding Year

1961

Principal Officer

David H Mooney

Main Address

PO BOX 549, LUGOFF, SC, 29078

NTEE Category

Code: W60 - Public benefit

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