2015-07-06T07:26:38-05:00 2014-12-31 391173131 SCHENCK SC 100 MARITIME DRIVE SUITE 2B MANITOWOC WI 542206805 990 2014-01-01 390613175 SHIPBUILDERS CREDIT UNION SHIP 9206828500 2001 WASHINGTON STREET MANITOWOC WI 54220 MICHAEL STEIMLE CEO 9206828500 2015-06-30 CHAD ZELLER CPA P00758039 9206845500 2014 2016-02-25 16:41:14Z MICHAEL STEIMLE 2001 WASHINGTON STREET MANITOWOC WI 542204937 3982385 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 CONDITION! 9 9 35 9 29127 0 0 0 3932076 3763020 43099 61090 65639 90950 4040814 3915060 0 0 0 0 1484113 1482116 0 0 0 1842147 1706395 3326260 3188511 714554 726549 70979077 69371292 62776446 60442112 8202631 8929180 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 CONDITION! 0 0 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 CONDITION! 0 0 0 0 0 0 0 0 0 1 0 1 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 1905 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 1 1 1 1 1 1 1 1 1 1 0 WI X MARK R SEIDL 9206828500 2001 WASHINGTON ST MANITOWOC WI 54220 POLLY ABTS BOARD MEMBER 2.30 X 0 0 650 JAMES BEHNKE BOARD CHAIR 2.30 X X 0 0 650 RICHARD BLASHKA BOARD MEMBER 2.30 X 0 0 700 TYLER D FELLOWS TREASURER 2.30 X X 0 0 650 NANCY KOSS BOARD MEMBER 2.30 X 0 0 450 GREG MATCZYNSKI SECRETARY 2.30 X X 0 0 700 TODD NELSON MD BOARD MEMBER 2.30 X 0 0 300 DANIEL O'CONNELL BOARD MEMBER 2.30 X 0 0 300 MICHAEL STEIMLE PRESIDENT & CEO 45.00 X X X X 193997 0 30454 DONALD KADERABEK VICE PRESIDENT 45.00 X 70089 0 0 SHERI LAU VICE PRESIDENT 45.00 X 62545 0 0 MARK R SEIDL VICE PRESIDENT 45.00 X 72112 0 0 PAUL WOJTA CHIEF FINANCIAL OFFICER 45.00 X 74212 0 0 472955 0 34854 1 0 1 0 0 LOAN INTEREST 522100 3037935 3037935 OEP CREDIT UNION REVEN 522100 545132 545132 WAR/GAP/CD-CL 522100 171953 171953 ATM SURCHARGE REVENUE 522100 8000 8000 3763020 61090 61090 88452 67325 21127 21127 21127 GAIN ON SALE OF ASSETS 522100 62854 62854 MISCELLANEOUS REVENUE 522100 6969 6969 69823 3915060 3885933 29127 0 472255 688323 55438 266100 24180 19679 73705 143388 102228 126669 43703 141 180832 43853 OFFICE OPERATIONS 409935 DIVIDENDS TO MEMBER ACC 238479 PROVISION FOR LOAN LOSS 232190 LOSS ON ASSET SALES 43764 23649 3188511 436746 721860 584 -405 777685 55299660 55891612 4343282 1214256 3284619 3129026 8583782 5430984 3373686 3420530 70979077 69371292 435027 416721 290333 62341419 59735058 62776446 60442112 X 0 0 0 0 8202631 8929180 8202631 8929180 70979077 69371292 726549 0 X X 1 X 0 1 0 615062 615062 3353394 970735 2382659 318467 208401 110066 56359 35120 21239 3129026 CCCU PLATEAU ACCOUNT 858 C CCCU MEMBERSHIP SHARES 159159 C CCCU P.I.C. SHARES 290587 C WISCUB, INCORPORATED 293411 C NCUA INSURANCE FUND 601969 C CD INVESTMENTS - BANKS 3287000 C CD INVESTMENTS - CREDIT UNIONS 798000 C 5430984 CREDIT UNION MEMBER SHARES & CERTS 57151058 CREDIT UNION NON MEMBER CERTS 2584000 59735058 3915060 0 3915060 0 3915060 3188511 0 3188511 0 3188511 1 X X X 0 0 0 MICHAEL STEIMLE PRESIDENT & CEO 173292 0 16000 0 4705 0 11775 0 18679 0 224451 0 0 0 JAMES BEHNKE DIRECTOR AUTO LOAN X 20494 8208 0 1 1 RICHARD BLASHKA DIRECTOR AUTO LOAN X 7200 2266 0 1 1 TYLER D FELLOWS DIRECTOR AUTO LOAN X 31800 16570 0 1 1 TYLER D FELLOWS DIRECTOR MORTGAGE LOAN X 224000 223115 0 1 1 TYLER D FELLOWS DIRECTOR MORTGAGE LOAN X 42000 37310 0 1 1 DON KADERABEK V.P. AUTO LOAN X 9000 7715 0 1 1 DON KADERABEK V.P. MORTGAGE LOAN X 131600 126050 0 1 1 DON KADERABEK V.P. MORTGAGE LOAN X 20000 19998 0 1 1 DON KADERABEK V.P. MORTGAGE LOAN X 35199 31504 0 1 1 DON KADERABEK V.P. PERSONAL LOAN X 1500 1468 0 1 1 SHERI LAU V.P. AUTO LOAN X 26797 19663 0 1 1 SHERI LAU V.P. MORTGAGE LOAN X 26000 25824 0 1 1 TODD NELSON MD DIRECTOR AUTO LOAN X 74533 44170 0 1 1 TODD NELSON MD DIRECTOR MORTGAGE LOAN X 70000 37764 0 1 1 DAN O'CONNELL DIRECTOR PERSONAL LOAN X 10000 9829 0 1 1 MARK R SEIDL V.P. AUTO LOAN X 30000 19161 0 1 1 MARK R SEIDL V.P. MORTGAGE LOAN X 66000 58180 0 1 1 MARK R SEIDL V.P. AUTO LOAN X 4500 3940 0 1 1 MARK R SEIDL V.P. MORTGAGE LOAN X 10808 8821 0 1 1 MICHAEL STEIMLE PRES/CEO AUTO LOAN X 23768 15480 0 1 1 MICHAEL STEIMLE PRES/CEO AUTO LOAN X 13982 12223 0 1 1 MICHAEL STEIMLE PRES/CEO MORTGAGE LOAN X 17500 16759 0 1 1 MICHAEL STEIMLE PRES/CEO MORTGAGE LOAN X 21698 20745 0 1 1 DON KADERABEK V.P. PERSONAL LOAN X 4660 3957 0 1 1 MARK R SEIDL V.P. PERSONAL LOAN X 7500 6965 0 1 1 777685 FORM 990, PART VI, SECTION A, LINE 6 SHIPBUILDERS CREDIT UNION HAS 8,941 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, ARE REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. THE REVIEW, CONDUCTED BY THE PRESIDENT REVIEWS THE FORMS TO BE FILED & ALLOWS FOR QUESTIONS FROM MEMBERS OF THE BOARD. 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 MEETING AND ARE ALSO MADE AVAILABLE UPON REQUEST FROM MEMBERS OR OTHER INTERESTED PARTIES. CONFLICT OF INTEREST AND OTHER CREDIT UNION POLICIES ARE MADE AVAILABLE UPON REQUEST AND MAY BE VIEWED DURING REGULAR BUSINESS HOURS AT THE MAIN CREDIT UNION BRANCH - 2001 WASHINGTON STREET; MANITOWOC, WI, 54220. FORM 990, PART XII, LINE 2A: FINANCIAL STATEMENTS ARE CREATED BY MANAGEMENT OF SHIPBUILDERS CREDIT UNION AND REVIEWED BY AN INDEPENDENT CPA FIRM ENGAGED TO PERFORM AN ANNUAL AGREED-UPON PROCEDURES AUDIT. AS SUCH, THE CPA FIRM DOES NOT EXPRESS AN OPINION ON THE FINANCIAL STATEMENTS PRESENTED. FORM 990, PART XII, LINE 2C: SHIPBUILDERS CREDIT UNION'S BOARD OF DIRECTORS APPOINTS MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE TO REVIEW THE RESULTS AND FINDINGS OF THE AGREED-UPON-PROCEDURES AUDIT COMPLETED ANNUALLY BY THE INDEPENDENT CPA FIRM.