2024-08-07T09:49:51-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2023-01-01 390795376 SHORELINE CREDIT UNION SHOR 9204823700 4400 CALUMET AVE MANITOWOC WI 54220 STEVEN HAENSGEN CFO/EVP 9204823708 2024-07-30 1 0 TANYA MEDGAARDEN P01717240 5074347000 2024-07-30 2023 2024-08-08 14:25:15Z NATHAN GROSSENBACH 4400 CALUMET AVE MANITOWOC WI 54220 6691727 0 X WWW.SHORELINECU.ORG X CREDIT UNION 1941 WI OUR MISSION IS TO HELP OUR MEMBERS ACHIEVE FINANCIAL SUCCESS. WE ACHIEVE THIS BY PROVIDING MEMBERS WITH A SAFE PLACE TO SAVE AND BORROW AT REASONABLE RATES. WE EXCEL AT THIS BY REMAINING COMMITTED TO EMPLOYING AN HONEST, KNOWLEDGEABLE STAFF WHOSE FOCUS IS ON ONE MEMBER AT A TIME. 7 7 59 7 25687 10068 0 0 3845370 5007339 501480 696037 1007718 939251 5354568 6642627 0 0 228386 617699 2374135 2432440 0 0 0 2334647 3278899 4937168 6329038 417400 313589 128218920 127160692 119249503 117514774 8969417 9645918 X OUR MISSION IS TO HELP OUR MEMBERS ACHIEVE FINANCIAL SUCCESS. WE ACHIEVE THIS BY PROVIDING MEMBERS WITH A SAFE PLACE TO SAVE AND BORROW AT REASONABLE RATES. WE EXCEL AT THIS BY REMAINING COMMITTED TO EMPLOYING AN HONEST, KNOWLEDGEABLE STAFF WHOSE FOCUS IS ON ONE MEMBER AT A TIME. 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 1945 0 59 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X STEVEN HAENSGEN 9204823708 4400 CALUMET AVE MANITOWOC WI 54220 GRETCHEN BAUKNECHT-PECH CHAIRPERSON 1.00 X X 0 0 0 COLLEEN INMAN VICE CHAIR 1.00 X X 0 0 0 SHARON TOME SECRETARY 1.00 X X 0 0 0 JAMES PFIEFFER BOARD MEMBER 1.00 X 0 0 0 BRIAN POWELL TREASURER 1.00 X X 0 0 0 JASON RING BOARD MEMBER 1.00 X 0 0 0 LUANN HELGESON BOARD MEMBER 1.00 X 0 0 0 STEPHAN KANTER BOARD MEMBER 1.00 X 0 0 0 JULIE VOGEL BOARD MEMBER 1.00 X 0 0 0 CHAD SCHWOERER BOARD MEMBER 1.00 X 0 0 0 NATHAN GROSSENBACH PRESIDENT/CEO 45.00 X 303792 0 59276 STEVEN HAENSGEN CFO/EVP 45.00 X 111499 0 28704 LISA SMENT COO 45.00 X 84895 0 13789 500186 0 101769 2 0 1 0 PSCU 560 CARILLON PARKWAY ST PETERSBURG FL 33716 DEBIT/CREDIT CARD PROGRAMS 416982 CU ANSWERS 6000 28TH ST SE STE 100 GRAND RAPIDS MI 495466927 SOFTWARE 274756 NUSOURCE FINANCIAL 9749 HAMILTON RD EDEN PRAIRE MN 55344 NEW ATM INSTALL 142819 3 LOAN INTEREST 522100 4458013 4458013 FEE INCOME 522100 549326 523639 25687 5007339 696037 696037 159126 49100 110026 110026 110026 OTHER INCOME 522100 817748 817748 OTHER NON-INTEREST INC 522100 11477 11477 829225 6642627 5920903 25687 696037 617699 601955 1557223 14069 124103 135090 46119 66903 198377 1029156 63412 263970 10414 24283 380326 424883 LOAN SERVICING EXPENSE 411105 CREDIT LOSS EXPENSES 210135 NON-INTEREST EXPENSE 135914 OPERATING FEES 13902 6329038 1867374 1514372 971653 3590859 62445 425162 615308 627375 91588018 94836648 150002 457208 11006596 6358286 4850440 4648310 20585310 15079215 996643 1184043 6531727 4797500 128218920 127160692 5079823 3394126 3000000 7760000 111169680 106360648 119249503 117514774 X 0 0 0 0 8969417 9645918 8969417 9645918 128218920 127160692 X 313589 436956 -74044 X 0 0 0 728056 728056 6890981 3393567 3497414 3356320 2964719 391601 31239 31239 4648310 MEMBER SHARES 106360648 106360648 X X X X X 0 1 0 NATHAN GROSSENBACH PRESIDENT/CEO 147193 0 156599 0 0 0 34256 0 25020 0 363068 0 0 0 PART I, LINE 4B NAME: NATHAN GROSSENBACH, DESCRIPTION: 457(F) DISTRIBUTION, CURRENT YEAR AMOUNT: $151,481. PLAN DESCRIPTION: 457(F) NAME: STEVEN HAENSGEN, DESCRIPTION: 457(F) DISTRIBUTION, CURRENT YEAR AMOUNT: $26,724. PLAN DESCRIPTION: 457(F) SCOTT WILLMOTT FORMER PRESIDENT SPLIT DOLLAR X 524645 627375 0 1 1 627375 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION CONSISTS OF MEMBERS. TO BE A MEMBER, ONE MUST HAVE A SHARE/SAVINGS ACCOUNT. EACH MEMBER HAS ONE VOTE TO ELECT THE GOVERNING BODY (BOARD OF DIRECTORS). FORM 990, PART VI, SECTION A, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE MEMBERSHIP UTILIZING THEIR ONE VOTE PER MEMBER. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER HAS ONE VOTE TO UTILIZE IN RATIFYING SIGNIFICANT DECISIONS BEYOND THE AUTHORITY OF THE BOARD AS OUTLINED IN THE ORGANIZATION'S BYLAWS. ANY DECISION TO DISSOLVE OR MERGE THE ORGANIZATION REQUIRES APPROVAL OF MEMBERSHIP, UNLESS MANDATED BY REGULATORY AGENCY (I.E., NCUA, WISCONSIN OFFICE OF CREDIT UNIONS). FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS WILL HAVE A COMPLETED COPY OF THE 990 PRESENTED AT A MEETING PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C BESIDES BEING IN THE POLICY, EMPLOYEES ARE REQUIRED TO FILL OUT REGULAR SURVEYS ASKING IF THEY HAVE RELATIONSHIPS THAT COULD CAUSE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION COMMITTEE MEETING, EACH OFFICER WILL LEAVE THE ROOM DURING CONVERSATION ABOUT THEIR POSITION. COMPENSATION COMITTEE MEETING, COMMITTEE CONSISTS OF CEO AND BOARD OF DIRECTORS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON REQUEST FORM 990, PART XI, LINE 9: ROUNDING 2. CECL TRANSITION ADJUSTMENT -74,046.