2021-07-21T11:10:17-05:00 2020-12-31 390912608 HAWKINS ASH CPAS LLP 520 N BROADWAY SUITE 250 GREEN BAY WI 54303 990 2020-01-01 390613175 SHIPBUILDERS CREDIT UNION SHIP 9206828500 2001 WASHINGTON STREET MANITOWOC WI 54220 MICHAEL STEIMLE PRESIDENT 9206828500 2021-07-20 1 MICHAEL STEIMLE 999009999 JEFFREY DANEN P01236582 9203369850 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z MICHAEL STEIMLE 2001 WASHINGTON STREET MANITOWOC WI 54220 4783332 0 X WWW.SHIPBUILDERSCU.COM X 1938 WI A COOPERATIVE NON-PROFIT ORGANIZATION INCORPORATED UNDER WISCONSIN LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS; CREATE A SOURCE OF CREDIT AT A FAIR COST AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITION. 7 7 42 9 8324 0 0 0 4603933 4625621 665217 144686 14154 8298 5283304 4778605 0 0 0 0 2166987 2048181 0 0 0 1826709 1972441 3993696 4020622 1289608 757983 86407251 103074839 72551182 88460786 13856069 14614053 A COOPERATIVE NON-PROFIT ORGANIZATION INCOPRPORATED UNDER WISCONSIN LAW TO ENCOURAGE THRIFT AMONG ITS MEMBERS; CREATE A SOURCE OF CREDIT AT A FAIR COST AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC CONDITION. 0 0 HOLDING DEPOSITS FOR AND MAKING LOANS TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 3048 0 1 42 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X MICHAEL STEIMLE 9206828500 2001 WASHINGTON STREET MANITOWOC WI 54220 BLASHKA RICHARD BOARD MEMBER 2.25 X 0 0 0 FELLOWS D TYLER CHAIRPERSON 2.25 X X 0 0 0 MATCZYNSKI GREG SECRETARY 2.25 X X 0 0 0 MUSIAL THOMAS BOARD MEMBER 2.25 X 0 0 0 NELSON TODD MD TREASURER 2.25 X X 0 0 0 STEIMLE MICHAEL PRESIDENT & CEO 45.00 X X 284916 0 37292 MEYER JARED BOARD MEMBER 2.25 X 0 0 0 LAU SHERI K VICE PRESIDENT 45.00 X 94440 0 0 SEIDL MARK R VICE PRESIDENT 45.00 X 96614 0 0 WOJTA PAUL H CHIEF FINANCIAL OFFICER 45.00 X 109982 0 0 EGGERT PAUL G VICE PRESIDENT 45.00 X 84649 0 0 670601 0 37292 2 1 1 0 0 LOAN INTEREST 3402198 3402198 OTHER EXEMPT REVENUE 929394 929394 WARR/GAP/CD-CL 285705 285705 ATM SURCHARGE REVENUE 8324 8324 4625621 149413 149413 4727 -4727 -4727 -4727 MISCELLANEOUS INCOME 8298 8298 8298 4778605 4620868 8324 149413 670601 929484 87848 360248 14909 12142 111780 207926 148371 134950 11769 166260 47333 OFFICE OPERATIONS 542205 DIVIDENDS ON SHARES 392176 MISCELLANEOUS 152120 PROVISION FOR LOAN LOSS 30500 4020622 454565 228201 5452882 9618757 3167 20440 3778566 3947174 67873845 71286426 4289585 1762331 2682800 2527254 4747884 13744509 1413542 1702078 86407251 103074839 298662 197703 72252520 88263083 72551182 88460786 X 0 0 0 0 13856069 14614053 13856069 14614053 86407251 103074839 757983 1 X 0 0 0 615062 615062 3372945 1553556 1819389 262477 194955 67522 39101 13820 25281 2527254 MEMBER SHARES AND CERTIFICATES 88263083 88263083 1 X X X 0 0 0 STEIMLE MICHAEL PRESIDENT & CEO 215376 0 67000 0 2540 0 14790 0 22502 0 322208 0 0 0 MICHAEL T STEIMLE PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE POLICY X 2263445 2263445 0 1 1 SHERI K LAU VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE POLICY X 547353 547353 0 1 1 MARK R SEIDL VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE POLICY X 548132 548132 0 1 1 PAUL H WOJTA CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 488244 488244 0 1 1 PAUL EGGERT VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE POLICY X 100000 100000 0 1 1 3947174 FORM 990, PART VI, SECTION A, LINE 6 SHIPBUILDERS CREDIT UNION HAS 10,486 MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS ELECT THE NINE MEMBER BOARD OF DIRECTORS TO STAGGERED THREE YEAR TERMS. AN ELECTION OCCURS ANNUALLY AT THE CREDIT UNION ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE ONLY ITEM THE GENERAL MEMBERSHIP MAY VOTE ON IS DISSOLUTION OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 11B ALL REGULATORY REPORTS, INCLUDING FORM 990 AND FORM 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 AND MAY BE SUBMITTED TO THE REGULATORY AGENCY. FORM 990, PART VI, SECTION B, 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 MEMBERS OF THE BOARD OR THE OFFICERS OF THE CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS USING VARIOUS COMPARABILITY DATA FROM OTHER SOURCES INCLUDING OTHER CREDIT UNIONS; CREDIT UNION TRADE ASSOCIATIONS AND MARKET FACTORS. COMPENSATION FOR OTHER OFFICERS OF THE CREDIT UNION IS COMPILED BY THE PRESIDENT USING DATA FROM OTHER CREDIT UNIONS, CREDIT UNION TRADE ASSOCIATIONS AND MARKET FACTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL REPORTS ARE DISTRIBUTED TO ALL ATTENDEES OF THE SHIPBUILDERS CREDIT UNION ANNUAL MEEETING AND ARE ALSO MADE AVAIABLE UPON REQUEST FROM MEMBERS OR OTHER INTERESTED PARTIES. CONFLICT OF INTEREST AND OTHER CREDIT UNION POLICIES ARE MADE AVILABLE 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.