Sep, 30, 2025 — SHORELINE CREDIT UNION is a federally insured state chartered credit union headquartered in MANITOWOC, WI with 3 branch locations and about $146.03 million in total assets. Opened 85 years ago in 1941, SHORELINE CREDIT UNION has about 7,917 members and employs 38 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SHORELINE CREDIT UNION |
|---|---|
| Address: (Main Office) | 4400 Calumet Ave MANITOWOC, WI 54220 |
| Phone: | (920) 482-3700 |
| Fax: | (920) 482-3701 |
| Website: | https://www.shorelinecu.org |
| Branches: | 3 branch locations |
| Members: | 7,917 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 66447 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1941 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $146,030,178 |
| CEO/Manager: | Nathan Grossenbach |
| Chairperson: | Gretchen Bauknecht-Pech |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 2,150,946 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 181,357 |
| Real Estate Loans | 82,945,472 |
| Unsecured Loans | 2,541,016 |
| Other Loans | 26,056,284 |
| TOTAL LOANS | 111,542,772 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -271,653 |
| Land And Building | 3,472,990 |
| Other Fixed Assets | 6,269,152 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 1,051,071 |
| All Other Assets | 8,163 |
| TOTAL ASSETS | 146,030,178 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 114,979 |
| Notes & Interest Payable | 8,980,301 |
| Accounts Payable & Other Liabilities | 7,111,643 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 24,189,328 |
| Regular shares | 52,408,895 |
| All Other Shares & Deposits | 37,712,513 |
| TOTAL SHARES & DEPOSITS | 114,310,737 |
| TOTAL LIABILITIES | 130,517,660 |
| Regular Reserve | 0 |
| Other Reserves | -103,582 |
| Undivided Earnings | 15,616,100 |
| TOTAL EQUITY | 15,512,518 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 146,030,178 |
| INCOME & EXPENSE | |
| Loan Income | 4,242,027 |
| Investment Income | 571,259 |
| Other Income | 457,489 |
| Total Employee Compensation & Benefits | 2,083,997 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 2,357,728 |
| Non-operating Income & (Expense) | 3,892,151 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 130,519 |
| Cost of Funds | 848,652 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,355,080 |
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