2019-10-29T12:46:43-05:00 2018-12-31 390912608 HAWKINS ASH CPAS LLP 2360 DUCK CREEK PARKWAY GREEN BAY WI 543033300 990 2018-01-01 390613175 SHIPBUILDERS CREDIT UNION SHIP 9206828500 2001 WASHINGTON STREET MANITOWOC WI 54220 MICHAEL STEIMLE PRESIDENT 9206828500 2019-10-24 1 JEFFREY DANEN P01236582 9203369850 192.55.242.200 2019-10-24 08:55:34 CD P 65EFCDE8B311C332682DF9ABF2317EDE8F4291F2 65EFCDE8B311C332682DF9ABF2317EDE8F4291F2 2018 2020-01-14 16:20:31Z MICHAEL STEIMLE 2001 WASHINGTON STREET MANITOWOC WI 54220 4436747 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. 9 9 49 9 8381 -22711 0 0 3986125 4149582 140398 276888 11865 10277 4138388 4436747 0 0 0 0 1703658 1757227 0 0 0 1512639 1729604 3216297 3486831 922091 949916 79968754 80963470 68352209 68397009 11616545 12566461 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 2355 0 1 49 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 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 KOSS NANCY BOARD MEMBER 2.25 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 SEEHAFER MARK BOARD MEMBER 2.25 X 0 0 0 SCHAUS GERALD BOARD MEMBER 2.25 X 0 0 0 STEIMLE MICHAEL PRESIDENT & CEO 45.00 X X 245768 0 38030 LAU SHERI K VICE PRESIDENT 45.00 X 80050 0 0 SEIDL MARK R VICE PRESIDENT 45.00 X 77483 0 0 WOJTA PAUL H CHIEF FINANCIAL OFFICER 45.00 X 85018 0 0 EGGERT PAUL G DIRECTOR 45.00 X 69508 0 0 557827 0 38030 1 0 1 0 0 LOAN INTEREST 522130 3249103 3249103 OTHER EXEMPT REVENUE 522130 644364 644364 WARR/GAP/CD-CL 522130 247734 247734 ATM SURCHARGE REVENUE 522130 8381 8381 4149582 276888 276888 MISCELLANEOUS INCOME 522100 10277 10277 10277 4436747 4151478 8381 276888 557827 830570 75390 293440 34255 52363 116637 152111 138119 159746 30026 60 155095 42553 OFFICE OPERATION 503881 DIVIDENDS 244901 PROVISION FOR LOAN LOSS 58862 MISCELLANEOUS 37348 3647 3486831 692870 508815 8457126 5831109 2137 2376 3099142 3534488 61747247 64930551 96117 4138711 1458605 2804382 2680106 743157 747884 2326576 2728141 79968754 80963470 668959 721435 67683250 67675574 68352209 68397009 X 0 0 0 0 11616545 12566461 11616545 12566461 79968754 80963470 949916 0 X 0 0 0 615062 615062 3286301 1341505 1944796 199237 93589 105648 38111 23511 14600 2680106 CREDIT UNION MEMBER SHARES & CERTS 67675574 67675574 1 X X X 0 1 0 STEIMLE MICHAEL PRESIDENT & CEO 223768 0 22000 0 0 0 12388 0 25642 0 283798 0 0 0 PART I, LINE 4B THE PRESIDENT PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN DURING THE YEAR. AS OF DECEMBER 31, 2018, THE TOTAL LIABILITY THE CREDIT UNION HAS RECORDED ON THIS PLAN WAS $406,036. THERE WERE NO DISBURSEMENTS FROM THE NON-QUALIFIED RETIREMENT PLAN IN 2018. MICHAEL T STEIMLE PRESIDENT/CEO SPLIT DOLLAR LIFE INSURANCE POLICY X 2195371 2195371 0 1 1 SHERI K LAU VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE POLICY X 481705 481705 0 1 1 MARK R SEIDL VICE PRESIDENT SPLIT DOLLAR LIFE INSURANCE POLICY X 482361 482361 0 1 1 PAUL H WOJTA CHIEF FINANCIAL OFFICER SPLIT DOLLAR LIFE INSURANCE POLICY X 375051 375051 0 1 1 3534488 FORM 990, PART VI, SECTION A, LINE 6 SHIPBUILDERS CREDIT UNION HAS 10,078 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.