2024-05-15T15:13:27-04:00 2023-12-31 844505665 Ricco Saggia LLC 2630 Dollar Rd Green Bay WI 54311 990 2023-01-01 390613175 Shipbuilders Credit Union % Michael T Steimle SHIP 9206828500 2001 Washington St Manitowoc WI 54220 Mary Rehberg CFO 2024-05-15 false Mary Rehberg XXX-XX-XXXX Mary Rehberg P03217183 9203471742 2024-05-15 X 2023 2023-04-26 12:10:37Z Shipbuilders Credit Union Michael T Steimle 2001 Washington St Manitowoc WI 54220 5888328 false X https: www.shipbuilderscu.com X 501 c(14) Cooperative 1938 WI A COOPERATIVE NON-PROFIT ORGANIZATION INCORPORATED UNDER WISCONSIN LAW TO ENCOURAGE THRIFT 7 6 40 7 30780 17450 0 0 4728715 5004564 444800 851839 95491 31925 5269006 5888328 0 0 0 0 2509409 2357509 0 0 0 2036237 2694220 4545646 5051729 723360 836599 117905880 117470779 102420147 101047909 15485733 16422870 A COOPERATIVE NON-PROFIT ORGANIZATION INCORPORATED UNDER WISCONSIN LAW TO ENCOURAGE THRIFT AMOUNT ITS MEMBERS; CREATE A SOURCE OF CREDIT AT A FAIR COST AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC CONDITION false false 0 0 0 n a 0 0 0 n a 0 0 0 n a 0 0 0 0 false false false false false false false false false false true false true true false false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 0 0 true 40 true true true false false false false false false 0 false false false false false false false X 7 6 false false false false true true true true true false false true true true true true true true true false X Michael Steimle CEO 9206828500 2001 Washington St Manitowoc WI 54220 Steimle Michael T CEO President 45.00 0.00 X X X 274248 0 24678 Lau Sheri K Vice President 45.00 0.00 X 126047 0 18290 Diederichs Daniel Board Member 2.25 0.00 X 0 0 0 Fellows D Tyler Esq Board Chair 2.25 0.00 X X 0 0 0 Matczynski Greg Secretary 2.25 0.00 X X 0 0 0 Meyer Jared Vice Chair 2.25 0.00 X X 0 0 0 400295 0 42968 0 false true false 0 0 0 0 0 0 0 0 Loan Interest 522130 3832816 3832816 0 0 Other Exempt Revenue 522130 827955 827955 0 0 Gap CD-CL 522130 313013 313013 0 0 Warranty 522130 24750 0 24750 0 ATM Surcharge 522130 6030 0 6030 0 0 0 0 0 5004564 851839 851839 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Miscellaneous Income 522130 31925 31925 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31925 5888328 5857548 30780 0 0 0 0 0 0 0 0 0 274248 0 0 0 0 0 0 0 1613184 0 0 0 107541 0 0 0 362536 0 0 0 0 0 0 0 0 0 0 0 186781 0 0 0 24260 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 86466 0 0 0 250766 0 0 0 191489 0 0 0 0 0 0 0 178037 0 0 0 0 0 0 0 0 0 0 0 22644 0 0 0 998 0 0 0 0 0 0 0 150546 0 0 0 44499 0 0 0 Office Operations 868483 0 0 0 Dividends on Shares to Members 604709 0 0 0 Miscellaneous Expenses 45598 0 0 0 Provision for Credit Losses 38944 0 0 0 0 0 0 0 5051729 0 0 0 0 0 0 0 1288890 715247 3909385 1045850 0 0 403666 4807 0 670451 0 0 91115153 93524506 0 0 0 0 4538268 2182575 2365443 2355693 0 0 0 0 17433720 16879433 0 0 1389623 2274792 117905880 117470779 577265 1182449 0 0 0 0 0 0 0 0 0 0 0 0 0 0 101842882 99865460 102420147 101047909 X 0 0 0 0 15485733 16422870 15485733 16422870 117905880 117470779 836599 162543 0 0 0 -62005 X false false false 615062 615062 615062 3442744 3483003 1886563 1596440 0 0 0 0 337312 440203 296012 144191 2355693 Net Treasuries 4796396 F Mortgage Backed Securities 4821047 F Municipal Bonds 3576574 F Certificates of Deposit 2728000 C Savings Money Markets 957416 C 16879433 Sharedraft clearing account 6138 Loans & Collateral in Liquidation 67139 Credit Card Cash Advance Clearing 714 Prepaid Expenses 169706 Accrued Interest on Loans 304349 Executive Compensation Split Dollar Investment 637144 ATM Debit Card Transmissions in Transit 125299 NCUA Insurance Fund 964303 2274792 Member Depository Accounts 99865460 99865460 false true X X X false false false Steimle Michael T CEO President 236707 0 37541 0 0 0 16197 0 8481 0 298926 0 0 0 Part I Line 1a | Name :, Title:, Item Selected:, Description:| n a, n a| Part I Line 3 CEO Compensation is determined by the Board of Directors. Part I Line 1b We do not provide those benefits Steimle Mike CEO Mortgage X 293152 279355 false true true Seidl Mark VP Mortgage X 179013 168209 false true true Lau Sheri Vice President Home Equity LOC X 24958 25882 false true true Fellows D Tyler Board Member Mortgage X 228356 197005 false true true 670451 Part VI, Section B, Line 1 N A There are not different voting rights Part VI, Line 6 The credit union has 10,593 members Part VI, Line 7a MEMBERS ELECT THE 9 MEMBER ONE VACANCY BOARD OF DIRECTORS TO STAGGERED THREE YEAR TERMS. AN ELECTION OCCURS ANNUALLY AT THE CREDIT UNION ANNUAL MEETING Part VI, Line 7b THE ONLY ITEM THE GENERAL MEMBERSHIP MAY VOTE ON IS DISSOLUTION OF THE CREDIT UNION Part VI, Line 11b ALL REGULATORY REPORTS INCLUDING FORMS 990 AND 990-T ARE REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. THE REVIEW CONDUCTED BY THE PRESIDENT REVIEWS FORMS TO BE FILED AND ALLOWS FOR QUESTIONS FROM THE BOARD OF DIRECTORS. THE PRESIDENT THEN SIGNS OFF THAT THE FORM WAS REVIEWED. THEN IT MAY BE SUBMITTED TO THE REGULATORY AGENCY. Part VI, Line 12c THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY AND AFFIRMS THAT ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST DOES NOT EXIST WITH MEMBER OF THE BOARD OR THE OFFICERS OF THE CREDIT UNION Part VI, Line 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS USING VARIOUS COMPARIBILITY DATA FROM OTHER SOURCES INCLUDING OTHER CREDIT UNIONS; CREDIT UNION TRADE ORGANIZATIONS AND MARKET FACTORS. COMPENSATION FOR THE OTHER OFFICERS OF THE CREDIT UNION IS COMPILED BY THE PRESIDENT USING DATA FROM OTHER CREDIT UNIONS; CREDIT UNION TRADE ORGANIZATIONS AND MARKET FACTORS Part VI, Line 19 FINANCIAL REPORTS ARE DISTRIBUTED TO ALL ATTENDEES OF THE SHIPBUILDERS CREDIT UNION ANNUAL MEETING AND ARE ALSO MADE AVAILABLE UPON REQUEST FROM MEMBERS OR OTHER INTERESTED PARTIES. CONFLICT OF INTERE AND OTHER CREDIT UNION POLICIES ARE MADE AVAILABLE UPON REQUEST AND MAY BE VIEWED DURING BUSINESS HOURS AT THE MANITOWOC RAPIDS CREDIT UNION BRANCH UPPER LEVEL LOCATED AT 200 NORTH RAPIDS ROAD MANITOWOC WI 54220 Part XI, Line 9 | Description:, Explanation:, Amount:| CECL Adjustment Recapture, CECL Adjustment Recapture, $-62005|