2011-05-16T13:43:31-05:00 2010-12-31 SCHENCK SC 100 MARITIME DRIVE SUITE 2B MANITOWOC WI 542206805 990 2010-01-01 390613175 SHIPBUILDERS CREDIT UNION SHIP 9206828500 2001 WASHINGTON STREET MANITOWOC WI 542204937 MICHAEL STEIMLE 9206828500 2011-05-16 1 9206845500 2010 2016-02-24 21:20:13Z MICHAEL STEIMLE 2001 WASHINGTON STREET MANITOWOC WI 542204937 4347540 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 33 9 38786 0 0 0 4225921 4226975 7360 7525 46525 53119 4279806 4287619 0 0 0 0 1239537 1312282 0 0 0 2493225 2374542 3732762 3686824 547044 600795 58702550 59963600 53138549 53798804 5564001 6164796 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 ENCOURAGE THRIFT AMONG MEMBERS, CREATED A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST AND PROVIDED AN OPPORTUNITY FOR MEMBERS THAT IMPROVED THEIR ECONOMIC AND SOCIAL CONDITION. 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 0 1 2082 0 1 33 1 1 1 0 0 0 0 0 0 0 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 542204937 POLLY ABTS 2.30 X 0 0 650 JAMES BEHNKE 2.30 X X 0 0 650 RICHARD BLASHKA 2.30 X 0 0 650 TYLER D FELLOWS 2.30 X X 0 0 650 JOSHUA HEIMERL DC 2.30 X 0 0 100 NANCY KOSS 2.30 X 0 0 500 GREG MATCZYNSKI 2.30 X X 0 0 600 TODD NELSON MD 2.30 X 0 0 350 MICHAEL STEIMLE 45.00 X X X X 164396 0 13922 DONALD KADERABEK 45.00 X 65264 0 0 SHERI LAU 45.00 X 54240 0 0 MARK R SEIDL 45.00 X 62577 0 0 346477 0 18072 1 0 1 0 0 LOAN INTEREST MBR LOAN 522100 3390352 3390352 OTHER EXEMPT PUR REVEN 522100 722326 722326 WARRANTY; GAP; CD-CL-D 522100 104054 104054 ATM SURCHARGE REVENUE 522100 10243 10243 4226975 7525 7525 88464 59921 28543 28543 28543 MISCELLANEOUS INCOME 522100 24576 24576 24576 4287619 4248833 38786 0 346477 717275 58890 189640 37799 18615 81812 137750 65091 99595 24503 106432 189004 34928 DIVIDENDS TO MEMBERS 624985 OFFICE OPERATIONS 368675 PROVISION FOR LOAN LOSS 218793 LOSS ON OREO SALES 170680 NCUSIF/TCCUSIF INS EXP 161564 34316 3686824 870734 491510 137459 218635 50285048 51629809 4417659 1024796 3544637 3392863 2418281 2326824 1446391 1903959 58702550 59963600 117267 186982 8627000 4000000 44394282 49611822 53138549 53798804 X 0 0 0 0 5564001 6164796 5564001 6164796 58702550 59963600 600795 X X 1 0 1 X 0 621862 621862 3135978 595791 2540187 597158 414623 182535 62661 14382 48279 3392863 457 (F) MVA (STEIMLE) 10332 CREDIT UNION MEMBER SHARES & CERTS 49601490 49611822 4287619 3686824 600795 0 600795 4287619 0 4287619 0 4287619 3686824 0 3686824 0 3686824 1 X X X 0 0 0 MICHAEL STEIMLE 147444 0 14250 0 2702 0 0 0 13272 0 177668 0 0 0 JAMES BEHNKE AUTO LOAN X 9000 4617 0 1 1 JAMES BEHNKE AUTO LOAN X 7000 5446 0 1 1 RICHARD BLASHKA HOME EQUITY LOAN X 35000 7011 0 1 1 TYLER D FELLOWS AUTO LOAN X 39975 23256 0 1 1 TYLER D FELLOWS MORTGAGE LOAN X 43409 41223 0 1 1 JOSHUA HEIMERL DC AUTO LOAN X 57875 56523 0 1 1 JOSHUA HEIMERL DC AUTO LOAN X 17520 11100 0 1 1 JOSHUA HEIMERL DC MORTGAGE LOAN X 65605 65143 0 1 1 DON KADERABEK AUTO LOAN X 8000 7684 0 1 1 DON KADERABEK PERSONAL LOAN X 9000 8544 0 1 1 DON KADERABEK MORTGAGE LOAN X 144932 138430 0 1 1 DON KADERABEK MORTGAGE LOAN X 20000 20000 0 1 1 DON KADERABEK MORTGAGE LOAN X 40000 39219 0 1 1 DON KADERABEK PERSONAL LOAN X 1500 1500 0 1 1 TODD NELSON MD MORTGAGE LOAN X 47000 41119 0 1 1 MARK R SEIDL AUTO LOAN X 15000 13847 0 1 1 MARK R SEIDL MORTGAGE LOAN X 71102 61206 0 1 1 MARK R SEIDL MORTGAGE LOAN X 21793 17788 0 1 1 MARK R SEIDL PERSONAL LOAN X 3600 3383 0 1 1 MICHAEL STEIMLE AUTO LOAN X 25000 24660 0 1 1 MICHAEL STEIMLE AUTO LOAN X 19232 18667 0 1 1 MICHAEL STEIMLE MORTGAGE LOAN X 17500 17402 0 1 1 MICHAEL STEIMLE MORTGAGE LOAN X 24710 23454 0 1 1 651222 FORM 990, PART VI, SECTION A, LINE 6 SHIPBUILDERS CREDIT UNION HAS 7,527 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 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 ASOCIATIONS 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. 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. FORM 990, PART VI, SECTION B, LINE 10A: SHIPBUILDERS CREDIT UNION OPERATES THREE BRANCHES. THE BRANCH 2001 WASHINGTON STREET; MANITOWOC, WI; 200 NORTH RAPIDS ROAD; MANITOWOC, WI; 309 EAST MAIN STREET; MISHICOT, WI.