Dec, 31, 2023 — SHORELINE CREDIT UNION is a federally insured state chartered credit union headquartered in MANITOWOC, WI with 3 branch locations and about $127.16 million in total assets. Opened 83 years ago in 1941, SHORELINE CREDIT UNION has about 7,558 members and employs 39 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: | 7,558 |
| 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, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $127,160,692 |
| CEO/Manager: | Nathan Grossenbach |
| Chairperson: | Gretchen Bauknecht-Pech |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 1,867,231 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 267,690 |
| Real Estate Loans | 64,318,772 |
| Unsecured Loans | 3,000,579 |
| Other Loans | 27,702,344 |
| TOTAL LOANS | 95,021,694 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -185,046 |
| Land And Building | 4,256,709 |
| Other Fixed Assets | 391,601 |
| NCUSIF Deposit | 1,101,270 |
| All Other Assets | 1,575 |
| TOTAL ASSETS | 127,160,692 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 63,215 |
| Notes & Interest Payable | 7,760,000 |
| Accounts Payable & Other Liabilities | 3,312,608 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 22,655,690 |
| Regular shares | 52,782,103 |
| All Other Shares & Deposits | 30,922,855 |
| TOTAL SHARES & DEPOSITS | 106,360,648 |
| TOTAL LIABILITIES | 117,514,774 |
| Regular Reserve | 0 |
| Other Reserves | -679,621 |
| Undivided Earnings | 10,325,539 |
| TOTAL EQUITY | 9,645,918 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 127,160,692 |
| INCOME & EXPENSE | |
| Loan Income | 4,458,013 |
| Investment Income | 696,037 |
| Other Income | 549,326 |
| Total Employee Compensation & Benefits | 2,432,440 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 2,688,438 |
| Non-operating Income & (Expense) | 121,503 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 210,135 |
| Cost of Funds | 998,025 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 313,589 |
| ↑ Back to Top | |