Dec, 31, 2023 — SHIPBUILDERS CREDIT UNION is a federally insured state chartered credit union headquartered in MANITOWOC, WI with 3 branch locations and about $117.48 million in total assets. Opened 86 years ago in 1938, SHIPBUILDERS CREDIT UNION has about 10,593 members and employs 32 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SHIPBUILDERS CREDIT UNION |
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Address: (Main Office) | 2001 WASHINGTON ST MANITOWOC, WI 54220 |
Phone: | (920) 682-8500 |
Fax: | (920) 684-1268 |
Website: | https://www.shipbuilderscu.com |
Branches: | 3 branch locations |
Members: | 10,593 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 66444 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1938 |
Last Audited: | Jul 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $117,475,478 |
CEO/Manager: | MICHAEL T STEIMLE |
Chairperson: | D. TYLER FELLOWS |
ASSETS: | $ Amount |
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Cash & Equivalents | 1,769,355 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 53,912,723 |
Unsecured Loans | 1,143,399 |
Other Loans | 34,625,966 |
TOTAL LOANS | 89,682,088 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -130,777 |
Land And Building | 2,211,532 |
Other Fixed Assets | 144,161 |
NCUSIF Deposit | 964,302 |
All Other Assets | 67,139 |
TOTAL ASSETS | 117,475,478 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 1,182,449 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 24,033,933 |
Regular shares | 41,982,516 |
All Other Shares & Deposits | 33,853,710 |
TOTAL SHARES & DEPOSITS | 99,870,159 |
TOTAL LIABILITIES | 101,052,608 |
Regular Reserve | 0 |
Other Reserves | -489,381 |
Undivided Earnings | 16,912,251 |
TOTAL EQUITY | 16,422,870 |
TOTAL LIABILITIES, SHARES, & EQUITY | 117,475,478 |
INCOME & EXPENSE | |
Loan Income | 3,768,599 |
Investment Income | 712,236 |
Other Income | 403,948 |
Total Employee Compensation & Benefits | 2,357,508 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,059,238 |
Non-operating Income & (Expense) | 5,331 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 38,944 |
Cost of Funds | 585,323 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 836,599 |
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