2023-11-14T17:25:08-05:00 2022-12-31 990 2022-01-01 390613175 Shipbuilders Credit Union % Michael T Steimle SHIP 9206828500 2001 Washington St Manitowoc WI 54220 Mary T Rehberg CFO 2023-11-14 false Mary Rehberg 9203471742 2023-11-14 X 2022 2023-04-26 12:10:37Z Shipbuilders Credit Union Michael T Steimle 2001 Washington St Manitowoc WI 54220 5269006 false X https: www.shipbuilderscu.com X 501 c(14) Cooperative 1938 WI A COOPERATIVE NON-PROFIT ORGANIZATION INCORPORATED UNDER WISCONSIN LAW TO ENCOURAGE THRIFT 7 6 44 7 41431 0 0 0 4370130 4728715 149999 444800 10186 95491 4530315 5269006 0 0 0 0 2059192 2509409 0 0 0 1670878 2036237 3730070 4545646 800245 723360 115188458 117905880 99774160 102420147 15414298 15485733 A COOPERATIVE NON-PROFIT ORGANIZATION INCORPORATED UNDER WISCONSIN LAW TO ENCOURAGE THRIFT AMOUNT ITS MEMBERS; CREATE A SOURCE OF CREDIT AT A FAIR COST AND TO PROVIDE AN OPPORTUNITY FOR ITS MEMBERS TO IMPROVE THEIR ECONOMIC CONDITION false false 0 0 0 n a 0 0 0 n a 0 0 0 n a 0 0 0 0 false false false false false false false false false false true false true false false false false false false false false false false false false false false false false true false true false false false false false false false false false false false false true 0 0 true 44 true true true false false false false false false 0 false false false false false false false X 7 6 false false false false true true true true true false false true true true true true true true true false X Michael Steimle CEO 9206828500 2001 Washington St Manitowoc WI 54220 STITELEY GLEN PRESIDENT CEO 45.00 0.00 X X 212308 0 22921 STEIMLE MICHAEL T EXECUTIVE VICE PRESIDENT 45.00 0.00 X 255695 0 21409 LAU SHERI K VICE PRESIDENT 45.00 0.00 X 102338 0 8888 DIEDERICHS DAN BOARD MEMBER 2.25 0.00 X 0 0 0 FELLOWS D TYLER ESQ BOARD CHAIR 2.25 0.00 X X 0 0 0 MATCZYNSKI GREG SECRETARY 2.25 0.00 X X 0 0 0 MEYER JARED VICE CHAIRMAN 2.25 0.00 X 0 0 0 MUSIAL THOMAS BOARD MEMBER 2.25 0.00 X 0 0 0 NELSON TODD MD TREASURER 2.25 0.00 X X 0 0 0 570341 0 53218 3 false true false NONE N/A 0 0 0 0 0 0 0 0 0 LOAN INTEREST 522130 3183063 3183063 0 0 OTHER EXEMPT REVENUE 522130 1224487 1224487 0 0 GAP \ CD-CL 522130 279734 279734 0 0 WARRANTY 522130 12900 0 12900 0 ATM SURCHARGE REVENUE 522130 28531 0 28531 0 0 0 0 0 4728715 444800 444800 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 MISCELLANEOUS INCOME 522130 16363 16363 0 0 GAIN LOSS ON SALE OF LOANS ASSETS 522130 79128 79128 0 0 0 0 0 0 0 0 0 0 95491 5269006 5227575 41431 0 0 0 0 0 0 0 0 0 570341 0 0 0 0 0 0 0 1459676 0 0 0 114607 0 0 0 364785 0 0 0 0 0 0 0 0 0 0 0 113997 0 0 0 27991 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 134155 0 0 0 209185 0 0 0 172497 0 0 0 0 0 0 0 154658 0 0 0 0 0 0 0 0 0 0 0 50320 0 0 0 2327 0 0 0 0 0 0 0 141135 0 0 0 43124 0 0 0 MISCELLANEOUS 22866 0 0 0 OFFICE OPERATIONS 767689 0 0 0 PROVISION FOR LOAN LOSS -62917 0 0 0 DIVIDENDS ON SHARES 259210 0 0 0 0 0 0 0 4545646 0 0 0 0 0 0 0 1036230 1288890 24716161 3909385 0 0 201768 403666 4102379 0 0 0 77774224 91115153 0 0 0 0 4395119 2029676 2459148 2365443 0 0 0 0 3472545 17433720 0 0 1426003 1389623 115188458 117905880 289804 577265 0 0 0 0 0 0 0 0 0 0 0 0 0 0 99484356 101842882 99774160 102420147 X 0 0 0 0 15414298 15485733 15414298 15485733 115188458 117905880 723360 -651925 0 0 0 0 X false false false 615062 615062 3442745 1772215 1670530 337312 257461 79851 2365443 Net Treasuries 4686551 F Mortgage Backed Securities 5103757 F Municipal Bonds 3749765 F Certificates of Deposit 2728000 C Savings Money Market 1165647 C 17433720 Member Depository Accounts 101842882 101842882 X X X false false false STITELEY GLEN PRESIDENT CEO 212308 0 0 0 0 0 12378 0 22921 0 247607 0 0 0 STEIMLE MICHAEL T EXECUTIVE VICE PRESIDENT 228981 0 22896 0 3818 0 15113 0 21409 0 292217 0 0 0 Diederichs Dan Board Member Consumer X 10000 9744 false true true Fellows D Tyler Board Member Mortgage X 276004 228356 false true true Lau Sheri VP Consumer X 25924 25924 false true true Meyer Jared Board Member Consumer X 29000 6420 false true true Seidl Mark R VP Mortgage X 214006 179013 false true true Steimle Michael EXEC VP Mortgage X 298000 293152 false true true Stiteley Glen CEO Mortgage X 672000 671073 false true true 1413682 Part VI, Line 6 The credit union has 10,589 members. Part VI, Line 7a MEMBERS ELECT THE 9 MEMBER TWO VACANCIES BOARD OF DIRECTORS TO STAGGERED THREE YEAR TERMS. AN ELECTION OCCURS ANNUALLY AT THE CREDIT UNION ANNUAL MEETING Part VI, Line 7b THE ONLY ITEM THE GENERAL MEMBERSHIP MAY VOTE ON IS DISSOLUTION OF THE CREDIT UNION Part VI, Line 11b ALL REGULATORY REPORTS INCLUDING FORMS 990 AND 990-T ARE REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. THE REVIEW CONDUCTED BY THE PRESIDENT REVIEWS FORMS TO BE FILED AND ALLOWS FOR QUESTIONS FROM THE BOARD OF DIRECTORS. THE PRESIDENT THEN SIGNS OFF THAT THE FORM WAS REVIEWED. THEN IT MAY BE SUBMITTED TO THE REGULATORY AGENCY. Part VI, 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 MEMBER OF THE BOARD OR THE OFFICERS OF THE CREDIT UNION Part VI, Line 15 CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS USING VARIOUS COMPARIBILITY DATA FROM OTHER SOURCES INCLUDING OTHER CREDIT UNIONS; CREDIT UNION TRADE ORGANIZATIONS AND MARKET FACTORS. COMPENSATION FOR THE OTHER OFFICERS OF THE CREDIT UNION IS COMPILED BY THE PRESIDENT USING DATA FROM OTHER CREDIT UNIONS; CREDIT UNION TRADE ORGANIZATIONS AND MARKET FACTORS Part VI, 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 INTERE AND OTHER CREDIT UNION POLICIES ARE MADE AVAILABLE UPON REQUEST AND MAY BE VIEWED DURING BUSINESS HOURS AT THE MANITOWOC RAPIDS CREDIT UNION BRANCH UPPER LEVEL LOCATED AT 200 NORTH RAPIDS ROAD MANITOWOC WI 54220