Civic Intelligence

Shoreline Credit Union

990 • Fiscal year 2017 • EIN 39-0795376

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 14, 2018

Organization Profilewww.shorelinecu.org

View Organization Page

PO Box 27Two Rivers, WI 54241

(920) 482-3708

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.90x

Higher debt load relative to assets than 72% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Liabilities / Revenue

57th percentile

19.74x

Higher debt load relative to revenue than 57% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Net Margin

17th percentile

1.6%

Higher net margin than 17% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Top Officer Pay

37th percentile

$125,802

Higher top officer pay than 37% of similar nonprofits.

Top officer pay equals 2.8% of source-year revenue.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Source year 2017

Asset Growth

86th percentile

7.4%

Faster asset growth than 86% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

3.9%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)14 • $50M-$100M nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Up

$96,490,631

Up $6,657,088 (+7.4%) from 2016

Net Assets

Down

$9,310,409

Down $3,666 (-0.0%) from 2016

Liabilities

Up

$87,180,222

Up $6,660,754 (+8.3%) from 2016

Revenue And Expenses
Liabilities / Revenue57th percentileNet Margin17th percentile

Revenue

Up

$4,416,139

Up $167,698 (+3.9%) from 2016

Expenses

Up

$4,345,128

Up $181,929 (+4.4%) from 2016

Net Income

Down

$71,011

Down $14,231 (-17%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$150M$100M$50M$0Assets 2010: $107,595,477Liabilities 2010: $97,667,287Net Assets 2010: $9,928,1902010Assets 2011: $112,856,048Liabilities 2011: $102,319,108Net Assets 2011: $10,536,9402011Assets 2012: $113,474,903Liabilities 2012: $104,676,238Net Assets 2012: $8,798,6652012Assets 2013: $98,909,068Liabilities 2013: $91,543,530Net Assets 2013: $7,365,5382013Assets 2014: $96,479,060Liabilities 2014: $87,253,192Net Assets 2014: $9,225,8682014Assets 2015: $91,877,742Liabilities 2015: $82,491,997Net Assets 2015: $9,385,7452015Assets 2016: $89,833,543Liabilities 2016: $80,519,468Net Assets 2016: $9,314,0752016Assets 2017: $96,490,631Liabilities 2017: $87,180,222Net Assets 2017: $9,310,4092017Assets 2018: $92,090,403Liabilities 2018: $82,807,298Net Assets 2018: $9,283,1052018Assets 2019: $93,019,159Liabilities 2019: $83,963,801Net Assets 2019: $9,055,3582019Assets 2020: $112,157,705Liabilities 2020: $102,398,362Net Assets 2020: $9,759,3432020Assets 2021: $123,040,300Liabilities 2021: $113,368,823Net Assets 2021: $9,671,4772021Assets 2022: $128,218,920Liabilities 2022: $119,249,503Net Assets 2022: $8,969,4172022Assets 2024: $128,507,145Liabilities 2024: $117,600,896Net Assets 2024: $10,906,2492024

Highlighted filing

2017

Assets$96,490,631
Liabilities$87,180,222
Net Assets$9,310,409
Open 2017 Filing

Operations Trend

Revenue Growth39th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $5,662,6812010Expenses 2011: $5,810,5072011Revenue 2012: $5,662,955Expenses 2012: $7,402,882Net Income 2012: -$1,739,9272012Revenue 2013: $5,937,675Expenses 2013: $7,746,624Net Income 2013: -$1,808,9492013Revenue 2014: $4,363,258Expenses 2014: $2,520,346Net Income 2014: $1,842,9122014Revenue 2015: $4,186,414Expenses 2015: $3,921,586Net Income 2015: $264,8282015Revenue 2016: $4,248,441Expenses 2016: $4,163,199Net Income 2016: $85,2422016Revenue 2017: $4,416,139Expenses 2017: $4,345,128Net Income 2017: $71,0112017Revenue 2018: $4,618,899Expenses 2018: $4,501,813Net Income 2018: $117,0862018Revenue 2019: $4,457,929Expenses 2019: $4,918,317Net Income 2019: -$460,3882019Revenue 2020: $4,570,508Expenses 2020: $4,409,164Net Income 2020: $161,3442020Revenue 2021: $4,937,848Expenses 2021: $4,326,202Net Income 2021: $611,6462021Revenue 2022: $5,354,568Expenses 2022: $4,937,168Net Income 2022: $417,4002022Revenue 2024: $7,272,021Expenses 2024: $6,336,536Net Income 2024: $935,4852024

Highlighted filing

2017

Revenue$4,416,139
Expenses$4,345,128
Net Income$71,011
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 14, 2018
Return Version
2017v2.2
Gross Receipts
$5,345,585
Mission and Program Overview

Mission

None

State Chartered Credit Union - Please see Schedule O Statement 10 for detailed Mission Statement/Exempt Purpose

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$68,237,151$64,062,563▼ $4,174,588
Investments Other Securities$3,877,214$23,747,453▲ $19,870,239
Rtn Earn Endowment Incm Other Fnds$9,314,075$9,310,409▼ $3,666
Land, Buildings, and Equipment, Net$4,530,789$4,536,820▲ $6,031
Investments Program Related$2,038,336$2,100,317▲ $61,981
Cash and Non-Interest-Bearing Accounts$1,459,472$880,205▼ $579,267
Prepaid Expenses and Deferred Charges$329,534$435,777▲ $106,243
Accounts Receivable$401,185$293▼ $400,892
Savings and Temporary Cash Investments$7,834,000$-470,292▼ $8,304,292
Total Assets$89,833,543$96,490,631▲ $6,657,088
Other Assets Total$1,125,862$1,197,495▲ $71,633
Liabilities
Other Liabilities$80,337,983$80,500,976▲ $162,993
Mortgage Notes Payable Secured by Investment Property-$6,450,000-
Accounts Payable and Accrued Expenses$181,485$229,246▲ $47,761
Total Liabilities$80,519,468$87,180,222▲ $6,660,754
Net Assets / Fund Balance
Total Net Assets Fund Balance$9,314,075$9,310,409▼ $3,666
Total Liabilities and Net Assets / Fund Balance$89,833,543$96,490,631▲ $6,657,088

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,281,490$3,199,200$6,480,690
Equipment$407,274$2,323,545$2,730,819
Land$848,056-$848,056
Investment Program Related Org$225,000--
Other Securities$23,747,453--
Compensation and Service Providers
Top Officer Pay37th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Nathan GrossenbachCFOFT$117,147$8,655$125,802
Kal KerlinCLOFT$92,239$7,522$99,761
Keith LyonsCOOFT$96,294-$96,294
Sharon TomeCEO to 63017FT$74,544$2,069$76,613

Board Members and Trustees

NameTitle
Travis GlandtChair to 041917
Ryan KauthTreasurer to 419 Vice Chair
Gretchen BauknechtVice-Chair to 419 Chair afte
Maurice JonesDirector
Colleen InmanSecretary
Chad SchwoererTreasurer after 41917
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,882,632
Investment Income
$447,617
Other Revenue
$85,890
Change in Net Assets
$71,011

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,332,129
Revenue Not Reported on Financial Statements
$84,010
Total Revenue per Audited Statements
$4,332,129
Total Revenue per Form 990
$4,416,139
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,438,600
Salaries, Compensation, and Employee Benefits$1,906,528
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$1,183,829
Current Officers, Directors, Trustees, and Key Employees---$380,224
Depreciation Depletion---$317,283
Information Technology---$271,559
Occupancy---$237,064
Office Expenses---$210,420
Other Employee Benefits---$165,207
Payroll Taxes---$138,874
Fees for Services Other---$124,801
Other Expenses-$118,727-$118,727
Advertising---$118,684
Payments to Affiliates---$65,591
Fees for Services Accounting---$46,457
Insurance---$43,918
All Other Expenses---$41,772
Pension Plan Contributions---$38,394
Travel---$26,557
Interest---$19,323
Total Functional Expenses$0$0$0$4,345,128

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,345,128
Expenses per Audited Statements$4,261,116
Total Expenses per Audited Statements$4,261,116
Expenses Not Reported on Financial Statements$84,012
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares & Deposits$80,505,275
Accrued Dividends$17,522
Other Liabilities$-21,821
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Members or stockholder classes and rights Part VI 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).”

Member election for additional members Part VI line 7A

“The Board of Directors is elected by the membership utilizing their one vote per member.”

Governing body decisions Part VI line 7B

“Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organizations 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 governing body review Part VI line 11

“CEO and CFO review before filing”

Conflict of interest policy compliance Part VI line 12C

“Besides being in the policy, employees are required to fill out regular surveys asking to having relationships that could cause conflict.”

CEO executive director top management comp Part VI line 15A

“Compensation Committee meeting. Each officer will leave teh room during conversation about their position.”

Other officer or key employee compensation Part VI line 15B

“Compensation Committee meeting. Each officer will leave teh room during conversation about their position.”

Governing documents etc available to public Part VI line 19

“Shoreline files quarterly 5300 regulartory reports. The data is available to the public on the NCUAs website. In additon , a summary of the year-end 5300 info is posted in each of the branch locations.”

Filing and Contact Details

Filer

Filer Name
Shoreline Credit Union
EIN
39-0795376
Address
PO BOX 27, Two Rivers, WI 54241

Signing Officer

Name
Nathan Grossenbach
Title
CEO CFO
Phone
9207934541
Signed
2018-11-14
Discuss with paid preparer
No

Organization Details

Principal Officer
Sharon Tome
Formed
1941
Legal Domicile
Wi
Voting Board Members
5
Independent Board Members
5
Employees
52
Volunteers
5

Preparer

Firm
WCUL Services Corp
Address
1 E Main Street Suite 101, Madison, WI 53703
Preparer
Cari Thompson
Phone
6086404040
Supplemental Narrative

Additional Explanations

Cessation of or significant change to any program service Part III line 3

“Consolidated two branches in the city of Two Rivers.”

General explanation attachment

“Exempt Purpose/Mission StatementOur 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.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt056467
IRS990/NetRentalIncomeOrLossGrp/ExclusionAmt078594
IRS990/NetRentalIncomeOrLossGrp/TotalRevenueColumnAmt078594
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-42125
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt0237064
IRS990/OfficeExpensesGrp/TotalAmt0210420
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01125862
IRS990/OtherAssetsTotalGrp/EOYAmt01197495
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0165207
IRS990/OtherExpensesGrp/Desc0Dividends to Members
IRS990/OtherExpensesGrp/Desc1Loan Servicing Expense
IRS990/OtherExpensesGrp/Desc2Member AccountCard Costs
IRS990/OtherExpensesGrp/Desc3Provision for Loan Loss
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0235207
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1377634
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2183603
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt3118727
IRS990/OtherExpensesGrp/TotalAmt0235207
IRS990/OtherExpensesGrp/TotalAmt1377634
IRS990/OtherExpensesGrp/TotalAmt2183603
IRS990/OtherExpensesGrp/TotalAmt3118727
IRS990/OtherLiabilitiesGrp/BOYAmt080337983
IRS990/OtherLiabilitiesGrp/EOYAmt080500976
IRS990/OtherSalariesAndWagesGrp/TotalAmt01183829
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt068237151
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt064062563
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt065591
IRS990/PayrollTaxesGrp/TotalAmt0138874
IRS990/PensionPlanContributionsGrp/TotalAmt038394
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0329534
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0435777
IRS990/PrincipalOfficerNm0Sharon Tome
IRS990/PriorPeriodAdjustmentsAmt0-32552
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1522100
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/BusinessCd4519100
IRS990/ProgramServiceRevenueGrp/Desc0Interest on Loans
IRS990/ProgramServiceRevenueGrp/Desc1Member AccountCard Fee
IRS990/ProgramServiceRevenueGrp/Desc2Other Member Fee Income
IRS990/ProgramServiceRevenueGrp/Desc3Insurance Sales
IRS990/ProgramServiceRevenueGrp/Desc4Non-Member ATMCheck
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02845630
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1734443
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2159747
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3137195
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02845630
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1734443
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2159747
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3137195
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt43866
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt03866
IRS990/ProgSrvcAccomActy2Grp/Desc0We have deposit, transaction, and investment accounts with 10,011 members at 12/31/17. During 2017 we opened 1,620 new deposit, transaction and investment accounts.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt0196304
IRS990/PYOtherExpensesAmt02397804
IRS990/PYOtherRevenueAmt088885
IRS990/PYProgramServiceRevenueAmt03963252
IRS990/PYRevenuesLessExpensesAmt085242
IRS990/PYSalariesCompEmpBnftPaidAmt01765395
IRS990/PYTotalExpensesAmt04163199
IRS990/PYTotalRevenueAmt04248441
IRS990/ReconcilationRevenueExpnssAmt071011
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt078594
IRS990/ReportInvestmentsOtherSecInd0true
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesRevenueGrp/ExclusionAmt07296
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt07296
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt09314075
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt09310409
IRS990/SavingsAndTempCashInvstGrp/BOYAmt07834000
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0-470292
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt03281490
IRS990ScheduleD/BuildingsGrp/DepreciationAmt03199200
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06480690
IRS990ScheduleD/EquipmentGrp/BookValueAmt0407274
IRS990ScheduleD/EquipmentGrp/DepreciationAmt02323545
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt02730819
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt084012
IRS990ScheduleD/ExpensesSubtotalAmt04261116
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt084012
IRS990ScheduleD/InvestmentExpensesNotIncldAmt084010
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0805889
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt113000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2290250
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3246178
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt4520000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt5225000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0NCUA Capitalization
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1WISCUB
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2FHLB
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3CLF Deposit
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc4CCCU MCS & PIC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc5CUAnswers Stock
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd4C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd5C
IRS990ScheduleD/LandGrp/BookValueAmt0848056
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0848056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt080505275
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt117522
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2-21821
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Member Shares & Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Accrued Dividends
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Other Liabilities
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt023747453
IRS990ScheduleD/OtherSecuritiesGrp/Desc0AFS Securities
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt084010
IRS990ScheduleD/RevenueSubtotalAmt04332129
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04536820
IRS990ScheduleD/TotalBookValueProgramRltdAmt02100317
IRS990ScheduleD/TotalBookValueSecuritiesAmt023747453
IRS990ScheduleD/TotalExpensesPerForm990Amt04345128
IRS990ScheduleD/TotalLiabilityAmt080500976
IRS990ScheduleD/TotalRevenuePerForm990Amt04416139
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04332129
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04261116
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 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).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors is elected by the membership utilizing their one vote per member.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each member has one vote to utilize in ratifying significant decisions beyond the authority of the Board as outlined in the organizations 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).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CEO and CFO review before filing
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Besides being in the policy, employees are required to fill out regular surveys asking to having relationships that could cause conflict.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Compensation Committee meeting. Each officer will leave teh room during conversation about their position.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Compensation Committee meeting. Each officer will leave teh room during conversation about their position.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Shoreline files quarterly 5300 regulartory reports. The data is available to the public on the NCUAs website. In additon , a summary of the year-end 5300 info is posted in each of the branch locations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8Consolidated two branches in the city of Two Rivers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Exempt Purpose/Mission StatementOur 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Members or stockholder classes and rights Part VI line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Member election for additional members Part VI line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Governing body decisions Part VI line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990 governing body review Part VI line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Conflict of interest policy compliance Part VI line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5CEO executive director top management comp Part VI line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Other officer or key employee compensation Part VI line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Governing documents etc available to public Part VI line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Cessation of or significant change to any program service Part III line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9General explanation attachment
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0true
IRS990/SignificantNewProgramSrvcInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt089833543
IRS990/TotalAssetsEOYAmt096490631
IRS990/TotalAssetsGrp/BOYAmt089833543
IRS990/TotalAssetsGrp/EOYAmt096490631
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt052
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt04345128
IRS990/TotalGrossUBIAmt03866
IRS990/TotalLiabilitiesBOYAmt080519468
IRS990/TotalLiabilitiesEOYAmt087180222
IRS990/TotalLiabilitiesGrp/BOYAmt080519468
IRS990/TotalLiabilitiesGrp/EOYAmt087180222
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09314075
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt09310409
IRS990/TotalOtherCompensationAmt018246
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt01751
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt01751
IRS990/TotalProgramServiceRevenueAmt03882632
IRS990/TotalReportableCompFromOrgAmt0380224
IRS990/TotalRevenueGrp/ExclusionAmt0533507

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$96,490,631
Liabilities
$87,180,222
Net assets
$9,310,409
Revenue
$4,416,139
Expenses
$4,345,128
Net income
$71,011
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$129$118$10.9$7.27$6.34$0.94
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$128$119$8.97$5.35$4.94$0.42
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$123$113$9.67$4.94$4.33$0.61
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$112$102$9.76$4.57$4.41$0.16
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$93.0$84.0$9.06$4.46$4.92$0.46
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$92.1$82.8$9.28$4.62$4.50$0.12
2017Detailed filing. Detailed filing data is available for this year.$96.5$87.2$9.31$4.42$4.35$0.07
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.8$80.5$9.31$4.25$4.16$0.09
2015Detailed filing. Detailed filing data is available for this year.$91.9$82.5$9.39$4.19$3.92$0.26
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$96.5$87.3$9.23$4.36$2.52$1.84
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$98.9$91.5$7.37$5.94$7.75$1.81
2012Summary only. Only limited summary data is available for this year.$113$105$8.80$5.66$7.40$1.74
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$113$102$10.5$5.81
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$108$97.7$9.93$5.66