2016-05-16T00:00:00-05:00 2015-12-31 390912608 HAWKINS ASH CPAS LLP 2360 DUCK CREEK PARKWAY GREEN BAY WI 543033300 990 2015-01-01 390613175 SHIPBUILDERS CREDIT UNION SHIP 9206828500 2001 WASHINGTON STREET MANITOWOC WI 54220 MICHAEL STEIMLE PRESIDENT 9206828500 2016-05-17 1 JEFFREY DANEN P01236582 9203369850 2015 2016-09-27 15:27:22Z MICHAEL STEIMLE 2001 WASHINGTON STREET MANITOWOC WI 54220 4164507 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 35 9 31170 0 3763020 0 61090 4002703 90950 57476 0 31397 3915060 4091576 0 0 0 0 1482116 1633035 0 0 0 1706395 1650892 3188511 3283927 726549 807649 69371292 73739379 60442112 64002550 8929180 9736829 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 0 0 0 0 0 0 0 0 0 0 0 0 0 1 2096 0 1 35 1 1 1 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 MARK SEIDL 9206828500 2001 WASHINGTON STREET MANITOWOC WI 54220 ABIT POLLY BOARD MEMBER 2.25 X 0 0 550 BEHINKE JAMES CHAIRPERSON 2.25 X X 750 0 0 BLASHKA RICHARD BOARD MEMBER 2.25 X 750 0 0 FELLOWS D TYLER TREASURER 2.25 X X 0 0 600 KOSS NANCY BOARD MEMBER 2.25 X 650 0 0 MATCZYNSKI GREG SECRETARY 2.25 X X 700 0 0 NELSON TODD MD BOARD MEMBER 2.25 X 0 0 400 SCHAUS GERALD BOARD MEMBER 2.25 X 0 0 150 STEIMLE MICHAEL PRESIDENT & CEO 45.00 X X 201315 0 33554 KADERABEK DONALD VICE PRESIDENT 45.00 X 73844 0 0 LAU SHERI VICE PRESIDENT 45.00 X 72146 0 0 SEIDL MARK R VICE PRESIDENT 45.00 X 76338 0 0 WOJTA PAUL H CHIEF FINANCIAL OFFIC 45.00 X 77947 0 0 504440 0 35254 1 0 1 0 0 LOAN INTEREST 522100 3204145 3204145 OEP CREDIT UNION REVEN 522100 600088 600088 WAR/GAP/CD-CL 522100 189321 189321 ATM SURCHARGE REVENUE 522100 9149 9149 4002703 63976 63976 88452 66431 22021 22021 22021 6500 -6500 -6500 -6500 MISCELLANEOUS INCOME 522100 9376 9376 9376 4091576 4060406 31170 0 501640 796244 67190 267961 29223 19920 102911 139368 114673 116927 43679 168 199662 40898 OFFICE OPERATIONS 398306 PROVISION FOR LOAN LOSS 215732 DIVIDENDS TO MEMBER ACC 206738 MISCELLANEOUS EXPENSES 22687 3283927 721860 3373018 3292050 -405 1080 777685 55891612 61412944 4326001 1389965 3129026 2936036 5430984 743157 3420530 1981094 69371292 73739379 416721 490149 290333 59735058 63512401 60442112 64002550 X 0 0 0 0 8929180 9736829 8929180 9736829 69371292 73739379 807649 0 X X 0 0 0 615062 615062 3375268 1105418 2269850 300139 257054 43085 35532 27493 8039 2936036 CREDIT UNION MEMBER SHARES & CERTS 61822401 CREDIT UNION NON-MEMBER CERTS 1690000 63512401 1 X X 0 0 0 STEIMLE MICHAEL PRESIDENT & CEO 180250 0 17500 0 3565 0 11861 0 20943 0 234119 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 SHIPBUILDERS CREDIT UNION HAS 9,271 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 SHIPBUILDERS 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 11 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 THE 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 SUBITTED 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 SHIPBUIKDERS CREDIT UNION ANNUAL MEEETING AN ARE ALSO MADE AVAIABLE UPON REQUEST FORM MEMBERS OR OTHER INTERESTED PARTIES. CONFLICT OF INTEREST AND OTHER CREDIT UNION POLICIES ARE MADE AVILABLE UPON REQUEST AND MAY BE VIEWED DURING REGULAR BUSINESS HOURS AT THE MAIN CREDIT UNION BRANCH - 2001 WASHINGTON STREET; MAINTOWOC, WI 54220 PART XII LINCE 2A FINANCIAL STATEMENTS ARE CREATED BY MANAGEMENT OF SHIPBUILDERS CREDIT UNION AND REVEIWED BY AN INDEPENDENT CPA FIRM ENGAGED TO PERFORM AN ANNUAL AGREED-UPON-PROCEDURES AUDIT, AS SUCH, THE CPA FIRM DOES NOT EXPRESS AN OPINION OF THE FINANCIAL STATEMENTS PRESENTED. PART XII LINCE 2C SHIPBUILDERS CREDIT UNION BOARD OF DIRECTORS APOINTS MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE TO REVIEW THE RESULTS AND FINDINGS OF THE AGREED-UPON PROCEDURES AUDIT THAT IS COMPLETED ANNUALLY BY AN INDEPENDENT CPA FIRM