2013-05-15T10:24:21-05:00 2012-12-31 990 2012-01-01 390613175 SHIPBUILDERS CREDIT UNION SHIP 9206828500 2001 WASHINGTON STREET MANITOWOC WI 54220 MICHAEL STEIMLE 9206828500 2013-05-14 2012 2016-02-24 21:20:13Z MICHAEL STEIMLE 2001 WASHINGTON STREET MANITOWOC WI 542204937 4374932 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 AND REASONABLE COST AND TO PROVIDE AN OPPORTUNITY FOR ITS' MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 9 9 34 9 28914 0 0 0 4214390 4218942 9967 20528 52008 67782 4276365 4307252 0 0 0 0 1379434 1456254 0 0 0 2279204 2145444 3658638 3601698 617727 705554 64571542 68060958 57789019 60572881 6782523 7488077 A COOPERATIVE NON-PROFIT ORGANIZATION INCORPORATED UNDER WISCONSIN LAW TO ENCOURAGE THRIFT AMONG ITS' MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST AND TO PROVIDE AN OPPORTUNITY FOR ITS' MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 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 AND REASONABLE COST AND TO PROVIDE AN OPPORTUNITY FOR ITS' MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. 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 1891 0 1 34 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 2.30 X 0 0 750 JAMES BEHNKE 2.30 X X 0 0 700 RICHARD BLASHKA 2.30 X 0 0 750 TYLER D FELLOWS 2.30 X X 0 0 750 NANCY KOSS 2.30 X 0 0 650 GREG MATCZYNSKI 2.30 X X 0 0 550 TODD NELSON MD 2.30 X 0 0 350 DANIEL O'CONNELL 2.30 X 0 0 300 MICHAEL STEIMLE 45.00 X X X X 176744 0 26035 DONALD KADERABEK 45.00 X 66865 0 0 SHERI LAU 45.00 X 57213 0 0 MARK R SEIDL 45.00 X 61054 0 0 PAUL WOJTA 45.00 X 66711 0 0 JOSHUA HEIMERL 2.30 X 0 0 100 428587 0 30935 1 1 1 0 0 LOAN INTEREST 522100 3404869 3404869 OTHER EXEMPT PUR REV 522100 674924 674924 WARRANTY \ GAP \ CD-CL 522100 131007 131007 ATM SURCHARGE REVENUE 522100 8142 8142 4218942 20528 20528 88452 67680 20772 20772 20772 GAIN ON SALE OF ASSETS 522100 40615 40615 MISCELLANEOUS REVENUE 522100 6395 6395 47010 4307252 4278338 28914 0 428587 746075 69421 212171 35368 14400 99129 135724 80577 111548 35214 2227 165686 32944 PROVISION FOR LOAN LOSS 462309 DIVIDENDS TO MEMBERS 442710 OFFICE OPERATIONS 425342 NCCUSIF/TCCUSIF 58019 44247 3601698 790499 237062 1126 2880 0 0 53111398 55340579 4618174 1170815 3527200 3447359 5048011 6529412 2093308 2503666 64571542 68060958 161900 236771 1000000 0 56627119 60336110 57789019 60572881 X 0 0 0 0 6782523 7488077 6782523 7488077 64571542 68060958 705554 0 X X 1 X 0 1 0 615062 615062 3352670 778253 2574417 585113 368763 216350 65329 23799 41530 3447359 CCCU PLATEAU ACCOUNT 2726525 C CCCU MEMBERSHIP SHARES 159159 C CCCU P.I.C. SHARES 290587 C WISCUB, INCORPORATED 293411 C NCUA INSURANCE FUND 610730 C CCCU CD'S 2200000 C HUDSON VALLEY FCU CD 249000 C 6529412 CREDIT UNION MEMBER SHARES & CERTS 52393110 CREDIT UNION NON MEMBER CERTIFICATES 7943000 60336110 4307252 0 4307252 0 4307252 3601698 0 3601698 0 3601698 1 X X X 0 0 0 MICHAEL STEIMLE 155402 0 15000 0 6342 0 11023 0 15012 0 202779 0 0 0 JOSHUA HEIMERL 0 0 0 0 0 0 0 0 100 0 100 0 0 0 JAMES BEHNKE DIRECTOR AUTO LOAN X 7000 276 0 1 1 RICHARD BLASHKA DIRECTOR MORTGAGE LOAN X 7200 4969 0 1 1 TYLER D FELLOWS DIRECTOR AUTO LOAN X 39000 37426 0 1 1 TYLER D FELLOWS DIRECTOR MORTGAGE LOAN X 4971 4680 0 1 1 DON KADERABEK V.P. AUTO LOAN X 7000 4409 0 1 1 DON KADERABEK V.P. PERSONAL LOAN X 9000 6482 0 1 1 DON KADERABEK V.P. MORTGAGE LOAN X 134800 133787 0 1 1 DON KADERABEK V.P. MORTGAGE LOAN X 20000 20000 0 1 1 DON KADERABEK V.P. MORTGAGE LOAN X 40000 37838 0 1 1 DON KADERABEK V.P. PERSONAL LOAN X 1500 1500 0 1 1 TODD NELSON MD DIRECTOR MORTGAGE LOAN X 47000 8485 0 1 1 MARK R SEIDL V.P. AUTO LOAN X 15000 2740 0 1 1 MARK R SEIDL V.P. MORTGAGE LOAN X 62909 59060 0 1 1 MARK R SEIDL V.P. MORTGAGE LOAN X 17274 13611 0 1 1 MARK R SEIDL V.P. PERSONAL LOAN X 3600 3395 0 1 1 MICHAEL STEIMLE PRES/CEO AUTO LOAN X 23053 19370 0 1 1 MICHAEL STEIMLE PRES/CEO AUTO LOAN X 18611 15796 0 1 1 MICHAEL STEIMLE PRES/CEO MORTGAGE LOAN X 17000 16086 0 1 1 MICHAEL STEIMLE PRES/CEO MORTGAGE LOAN X 23421 22372 0 1 1 SHERI LAU V.P. MORTGAGE LOAN X 26000 25545 0 1 1 DAN O'CONNELL DIRECTOR AUTO LOAN X 16128 4563 0 1 1 DAN O'CONNELL DIRECTOR AUTO LOAN X 17596 13139 0 1 1 DAN O'CONNELL DIRECTOR MORTGAGE LOAN X 96803 95362 0 1 1 DAN O'CONNELL DIRECTOR PERSONAL LOAN X 10000 8364 0 1 1 559255 FORM 990, PART VI, SECTION A, LINE 6 SHIPBUILDERS CREDIT UNION HAS 8,259 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 POLICY ANNUALLY AND AFFIRMS THAT ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST DOES NOT EXIST WITH MEMBERS OF THE BOARD OF DIRECTORS. 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. 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.