Nonprofit · EIN 57-0421351
MLD CAROLINA CREDIT UNION
Tax-exempt · LUGOFF, SC 29078
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $11,855,947 | $10,530,247 | $1,325,700 | $182,159,226 | $161,678,605 | $20,480,621 |
| December 31, 2024 | 990 | $10,699,771 | $10,260,826 | $438,945 | $171,923,076 | $154,422,387 | $17,500,689 |
| December 31, 2023 | 990 | $9,557,257 | $8,396,539 | $1,160,718 | $171,945,643 | $157,117,843 | $14,827,800 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $8,000
- of which government grants
- $8,000
- Program service revenue
- $9,944,488
- Investment income
- $1,903,459
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,928,432
- Salaries, compensation and benefits (total)
- $3,371,656
- Professional fundraising fees
- $0
- Legal fees
- $23,585
- Accounting fees
- $70,308
- Occupancy
- $367,539
- Travel
- $123,519
- Depreciation
- $391,677
- Program services (functional)
- $10,104,355
- Management and general (functional)
- $425,892
Balance sheet and other
- Total assets, start of year
- $171,923,076
- Total assets, end of year
- $182,159,226
- Total liabilities, end of year
- $161,678,605
- Net assets, end of year
- $20,480,621
- Land, buildings and equipment
- $6,751,266
- Publicly traded securities
- $24,001,423
- Gross receipts
- $11,855,947
- Employees
- 66
- Year formed
- 1961
- State of legal domicile
- SC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEAN SCARBOROUGH | CEO Officer | 40 | $184,527 | $14,424 |
| MICHAEL JENSEN | VP OF IT Officer | 40 | $148,288 | $17,262 |
| JENNIFER CAUTHEN | CFO Officer | 40 | $144,827 | $6,429 |
| JOSH WILSON | VP OF OPERAT Officer | 40 | $137,713 | $2,982 |
| KIM SULLIVAN | VP OF LENDIN Officer | 40 | $102,008 | $4,847 |
| DENNIS ARLEDGE | CHAIRMAN Trustee or director | – | $0 | $0 |
| LINDA G CARTER | BOARD MEMBER Trustee or director | – | $0 | $0 |
| CHERYL COLVIN | BOARD MEMBER Trustee or director | – | $0 | $0 |
| JOANN HANKS | SECRETARY Trustee or director | – | $0 | $0 |
| CHALMERS EUGENE HORNSBY | VICE CHAIRMA Trustee or director | – | $0 | $0 |
| MIKE JONES | TREASURER Trustee or director | – | $0 | $0 |
| ROBERT MURPHY | BOARD MEMBER Trustee or director | – | $0 | $0 |
| GREG NETTLES | BOARD MEMBER Trustee or director | – | $0 | $0 |
| WANDA SWANN | BOARD MEMBER Trustee or director | – | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEAN SCARBOROUGH | CEO Officer | 40 | $151,740 | $12,004 |
| MICHAEL JENSEN | VP OF IT Officer | 40 | $135,281 | $9,634 |
| JENNIFER CAUTHEN | VP OF FINANC Officer | 40 | $133,929 | $4,784 |
| PAM DELK | VP OF OPERAT Officer | 40 | $107,668 | $10,536 |
| DENNIS ARLEDGE | CHAIRMAN Trustee or director | – | $0 | $0 |
| LINDA G CARTER | BOARD MEMBER Trustee or director | – | $0 | $0 |
| CHERYL COLVIN | BOARD MEMBER Trustee or director | – | $0 | $0 |
| JOANN HANKS | SECRETARY Trustee or director | – | $0 | $0 |
| CHALMERS EUGENE HORNSBY | VICE CHAIRMA Trustee or director | – | $0 | $0 |
| MIKE JONES | TREASURER Trustee or director | – | $0 | $0 |
| ROBERT MURPHY | BOARD MEMBER Trustee or director | – | $0 | $0 |
| GREG NETTLES | BOARD MEMBER Trustee or director | – | $0 | $0 |
| WANDA SWANN | BOARD MEMBER Trustee or director | – | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DAVID H MOONEY | CEO Officer | 40 | $161,360 | $11,187 |
| DEAN SCARBOROUGH | VP OF LENDIN Officer | 40 | $120,688 | $11,814 |
| MICHAEL JENSEN | VP OF IT Officer | 40 | $111,460 | $15,439 |
| JENNIFER CAUTHEN | VP OF FINANC Officer | 40 | $118,851 | $5,098 |
| DENNIS ARLEDGE | CHAIRMAN Trustee or director | – | $0 | $0 |
| LINDA G CARTER | BOARD MEMBER Trustee or director | – | $0 | $0 |
| CHERYL COLVIN | BOARD MEMBER Trustee or director | – | $0 | $0 |
| JOANN HANKS | SECRETARY Trustee or director | – | $0 | $0 |
| CHALMERS EUGENE HORNSBY | VICE CHAIRMA Trustee or director | – | $0 | $0 |
| MIKE JONES | TREASURER Trustee or director | – | $0 | $0 |
| ROBERT MURPHY | BOARD MEMBER Trustee or director | – | $0 | $0 |
| GREG NETTLES | BOARD MEMBER Trustee or director | – | $0 | $0 |
| WANDA SWANN | BOARD MEMBER Trustee or director | – | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 549, LUGOFF, SC 29078-0549
- Principal officer (990 for 2025)
- DEAN SCARBOROUGH, PO BOX 549, CAMDEN, SC 29021
- Signed the 990
- DEAN SCARBOROUGH, CEO
- Phone
- (803) 432-8521
- Website
- WWW.MIDCAROLINACU.COM
- Return prepared by
- CANTEY TILLER PIERCE & GREEN LLP
Mission
STATE CHARTERED CREDIT UNION
Program accomplishments
- DURING THE YEAR, THE CREDIT UNION SERVED ITS' MEMBERS BY PROVIDING LOANS AT REASONABLE RATES. IT ALSO ACCEPTED DEPOSITS AND PAID REASONABLE RATES OF INTEREST ON THOSE DEPOSITS.Expenses $10,104,355
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 57-0421351
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1968
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1953: CREDIT UNIONS CHARTERED IN THE STATE OF SOUTH CAROLINA
- Assets (IRS master file)
- $182,159,226
- Income (IRS master file)
- $11,855,947
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $11,855,947 | $10,530,247 | $182,159,226 | XML |
| 990 | December 2024 | $10,699,771 | $10,260,826 | $171,923,076 | IRS |
| 990 | December 2023 | $9,557,257 | $8,396,539 | $171,945,643 | XML |
| 990 | December 2022 | $7,635,351 | $6,772,731 | $167,193,089 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 57-0421351).
Questions about MLD CAROLINA CREDIT UNION
- What is the EIN of MLD CAROLINA CREDIT UNION?
- The employer identification number (EIN) of MLD CAROLINA CREDIT UNION is 57-0421351.
- Is MLD CAROLINA CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1968.
- Are donations to MLD CAROLINA CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does MLD CAROLINA CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MLD CAROLINA CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MLD CAROLINA CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of MLD CAROLINA CREDIT UNION?
- The 990 for the year ended December 31, 2025 names DEAN SCARBOROUGH.
- Who are the officers and directors of MLD CAROLINA CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 14 people; 5 received compensation from the organization, the highest $184,527 (DEAN SCARBOROUGH, CEO).
- How much revenue does MLD CAROLINA CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $11,855,947, expenses of $10,530,247 and total assets of $182,159,226 at year end.
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