Civic Intelligence

Shipbuilders Credit Union

990 • Fiscal year 2020 • EIN 39-0613175

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 20, 2021

2001 Washington StreetManitowoc, WI 54220

(920) 682-8500

Siviq Scores

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

Liabilities / Assets

19th percentile

0.86x

Higher debt load relative to assets than 19% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Liabilities / Revenue

36th percentile

18.51x

Higher debt load relative to revenue than 36% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Net Margin

70th percentile

16%

Higher net margin than 70% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Top Officer Pay

86th percentile

$322,208

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 6.7% of source-year revenue.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Source year 2020

Asset Growth

69th percentile

19%

Faster asset growth than 69% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Revenue Growth

17th percentile

-9.6%

Faster revenue growth than 17% of similar nonprofits.

2020 filings • 501(c)14 • $100M-$250M nonprofits • Annualized from 2019 to 2020

Assets

Up

$103,074,839

Up $16,667,588 (+19%) from 2019

Net Assets

Up

$14,614,053

Up $757,984 (+5.5%) from 2019

Liabilities

Up

$88,460,786

Up $15,909,604 (+22%) from 2019

Revenue

Down

$4,778,605

Down $504,699 (-9.6%) from 2019

Expenses

Up

$4,020,622

Up $26,926 (+0.7%) from 2019

Net Income

Down

$757,983

Down $531,625 (-41%) from 2019

Historical Trend

Balance Sheet Trend

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

$150M$100M$50M$0Assets 2010: $59,963,600Liabilities 2010: $53,798,804Net Assets 2010: $6,164,7962010Assets 2011: $64,571,542Liabilities 2011: $57,789,019Net Assets 2011: $6,782,5232011Assets 2012: $68,060,958Liabilities 2012: $60,572,881Net Assets 2012: $7,488,0772012Assets 2013: $70,979,077Liabilities 2013: $62,776,446Net Assets 2013: $8,202,6312013Assets 2015: $73,739,379Liabilities 2015: $64,002,550Net Assets 2015: $9,736,8292015Assets 2016: $76,236,763Liabilities 2016: $65,542,309Net Assets 2016: $10,694,4542016Assets 2018: $80,963,470Liabilities 2018: $68,397,009Net Assets 2018: $12,566,4612018Assets 2019: $86,407,251Liabilities 2019: $72,551,182Net Assets 2019: $13,856,0692019Assets 2020: $103,074,839Liabilities 2020: $88,460,786Net Assets 2020: $14,614,0532020Assets 2021: $115,188,458Liabilities 2021: $99,774,160Net Assets 2021: $15,414,2982021Assets 2022: $117,905,880Liabilities 2022: $102,420,147Net Assets 2022: $15,485,7332022Assets 2024: $0Liabilities 2024: $0Net Assets 2024: $02024

Highlighted filing

2020

Assets$103,074,839
Liabilities$88,460,786
Net Assets$14,614,053

Operations Trend

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

$6.0M$4.0M$2.0M$0Expenses 2010: $3,686,8242010Expenses 2011: $3,658,6382011Expenses 2012: $3,601,6982012Revenue 2013: $4,040,814Expenses 2013: $3,326,260Net Income 2013: $714,5542013Revenue 2015: $4,091,576Expenses 2015: $3,283,927Net Income 2015: $807,6492015Revenue 2016: $4,127,372Expenses 2016: $3,169,747Net Income 2016: $957,6252016Revenue 2018: $4,436,747Expenses 2018: $3,486,831Net Income 2018: $949,9162018Revenue 2019: $5,283,304Expenses 2019: $3,993,696Net Income 2019: $1,289,6082019Revenue 2020: $4,778,605Expenses 2020: $4,020,622Net Income 2020: $757,9832020Revenue 2021: $4,530,315Expenses 2021: $3,730,070Net Income 2021: $800,2452021Revenue 2022: $5,269,006Expenses 2022: $4,545,646Net Income 2022: $723,3602022Revenue 2024: $4,781,392Expenses 2024: $4,157,142Net Income 2024: $624,2502024

Highlighted filing

2020

Revenue$4,778,605
Expenses$4,020,622
Net Income$757,983
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 20, 2021
Return Version
2020v4.1
Gross Receipts
$4,783,332
Mission and Program Overview

Mission

A cooperative non-profit organization incoprporated under wisconsin law to encourage thrift among its members; create a source of credit at a fair cost and to provide an opportunity for its members to improve their economic condition.

A cooperative non-profit organization incorporated under wisconsin law to encourage thrift among its members; create a source of credit at a fair cost and to provide an opportunity for its members to improve their economic and social condition.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$67,873,845$71,286,426▲ $3,412,581
Rtn Earn Endowment Incm Other Fnds$13,856,069$14,614,053▲ $757,984
Investments Program Related$4,747,884$13,744,509▲ $8,996,625
Savings and Temporary Cash Investments$5,452,882$9,618,757▲ $4,165,875
Receivables From Officers Etc$3,778,566$3,947,174▲ $168,608
Land, Buildings, and Equipment, Net$2,682,800$2,527,254▼ $155,546
Cash and Non-Interest-Bearing Accounts$454,565$228,201▼ $226,364
Accounts Receivable$3,167$20,440▲ $17,273
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$86,407,251$103,074,839▲ $16,667,588
Other Assets Total$1,413,542$1,702,078▲ $288,536
Liabilities
Other Liabilities$72,252,520$88,263,083▲ $16,010,563
Accounts Payable and Accrued Expenses$298,662$197,703▼ $100,959
Total Liabilities$72,551,182$88,460,786▲ $15,909,604
Net Assets / Fund Balance
Total Net Assets Fund Balance$13,856,069$14,614,053▲ $757,984
Total Liabilities and Net Assets / Fund Balance$86,407,251$103,074,839▲ $16,667,588

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$1,819,389$1,553,556$3,372,945
Land$615,062-$615,062
Equipment$67,522$194,955$262,477
Other Land Buildings$25,281$13,820$39,101
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Steimle MichaelPresident & CEOFT$215,376$106,832$322,208
Wojta Paul HChief Financial OfficerFT$109,982-$109,982
Seidl Mark RVice PresidentFT$96,614-$96,614
Lau Sheri KVice PresidentFT$94,440-$94,440
Eggert Paul GVice PresidentFT$84,649-$84,649

Board Members and Trustees

NameTitle
Fellows D TylerChairperson
Blashka RichardBoard Member
Meyer JaredBoard Member
Musial ThomasBoard Member
Matczynski GregSecretary
Nelson Todd MdTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$4,625,621
Investment Income
$144,686
Other Revenue
$8,298
Change in Net Assets
$757,983
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,048,181
Other Expenses$1,972,441
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$929,484
Current Officers, Directors, Trustees, and Key Employees---$670,601
Other Employee Benefits---$360,248
Office Expenses---$207,926
Depreciation Depletion---$166,260
Information Technology---$148,371
Occupancy---$134,950
Advertising---$111,780
Pension Plan Contributions---$87,848
Insurance---$47,333
Other Expenses---$30,500
Fees for Services Legal---$14,909
Fees for Services Accounting---$12,142
Conferences and Meetings---$11,769
Total Functional Expenses$0$0$0$4,020,622
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Officers, Directors, Trustees, and Key Employees$3,778,566$3,947,174▲ $168,608
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Member Shares and Certificates$88,263,083
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 35% controlled entity
No
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

Form 990, Part VI, Section A, Line 6

Shipbuilders credit union has 10,486 members.

Form 990, Part VI, Section A, Line 7A

Members elect the nine member board of directors to staggered three year terms. An election occurs annually at the credit union annual meeting.

Form 990, Part VI, Section A, Line 7B

The only item the general membership may vote on is dissolution of the credit union.

Form 990, Part VI, Section B, Line 11B

All regulatory reports, including form 990 and form 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 and may be submitted to the regulatory agency.

Form 990, Part VI, Section B, 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 members of the board or the officers of the credit union.

Form 990, Part VI, Section B, Line 15

Ceo compensation is determined by the board of directors using various comparability data from other sources including other credit unions; credit union trade associations and market factors. Compensation for other officers of the credit union is compiled by the president using data from other credit unions, credit union trade associations and market factors.

Form 990, Part VI, Section C, Line 19

Financial reports are distributed to all attendees of the shipbuilders credit union annual meeeting and are also made avaiable upon request from members or other interested parties. Conflict of interest and other credit union policies are made avilable 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.

Filing and Contact Details

Filer

Filer Name
Shipbuilders Credit Union
EIN
39-0613175
Phone
9206828500
Address
2001 WASHINGTON STREET, MANITOWOC, WI 54220

Signing Officer

Name
Michael Steimle
Title
President
Phone
9206828500
Signed
2021-07-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Steimle
Formed
1938
Legal Domicile
Wi
Voting Board Members
7
Independent Board Members
7
Employees
42
Volunteers
9

Preparer

Firm
Hawkins Ash Cpas Llp
Address
520 N BROADWAY SUITE 250, GREEN BAY, WI 54303
Preparer
Jeffrey Danen
Phone
9203369850
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IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt087848
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL STEIMLE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1OTHER EXEMPT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc2WARR/GAP/CD-CL
IRS990/ProgramServiceRevenueGrp/Desc3ATM SURCHARGE REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03402198
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1929394
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2285705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03402198
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1929394
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2285705
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt38324
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt08324
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0665217
IRS990/PYOtherExpensesAmt01826709
IRS990/PYOtherRevenueAmt014154
IRS990/PYProgramServiceRevenueAmt04603933
IRS990/PYRevenuesLessExpensesAmt01289608
IRS990/PYSalariesCompEmpBnftPaidAmt02166987
IRS990/PYTotalExpensesAmt03993696
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05283304
IRS990/QuidProQuoContributionsInd00
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt03778566
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt03947174
IRS990/ReconcilationRevenueExpnssAmt0757983
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt013856069
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt014614053
IRS990/SavingsAndTempCashInvstGrp/BOYAmt05452882
IRS990/SavingsAndTempCashInvstGrp/EOYAmt09618757
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt01819389
IRS990ScheduleD/BuildingsGrp/DepreciationAmt01553556
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt03372945
IRS990ScheduleD/EquipmentGrp/BookValueAmt067522
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0194955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0262477
IRS990ScheduleD/LandGrp/BookValueAmt0615062
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0615062
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt025281
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt013820
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt039101
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt088263083
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBER SHARES AND CERTIFICATES
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02527254
IRS990ScheduleD/TotalLiabilityAmt088263083
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0215376
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount067000
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt014790
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt022502
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt02540
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0STEIMLE MICHAEL
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT & CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt0322208
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt00
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SubstantiationRequiredInd01
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt02263445
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt1547353
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt2548132
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt3488244
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt4100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd41
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd00
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd10
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd20
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd30
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd40
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd0X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd1X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd2X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd3X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanFromOrganizationInd4X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt0SPLIT DOLLAR LIFE INSURANCE POLICY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt1SPLIT DOLLAR LIFE INSURANCE POLICY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt2SPLIT DOLLAR LIFE INSURANCE POLICY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt3SPLIT DOLLAR LIFE INSURANCE POLICY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt4SPLIT DOLLAR LIFE INSURANCE POLICY
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt02263445
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt1547353
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt2548132
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt3488244
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt4100000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm0MICHAEL T STEIMLE
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm1SHERI K LAU
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm2MARK R SEIDL
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm3PAUL H WOJTA
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm4PAUL EGGERT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt0PRESIDENT/CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt1VICE PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt2VICE PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt3CHIEF FINANCIAL OFFICER
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt4VICE PRESIDENT
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd01
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd11
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd21
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd31
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd41
IRS990ScheduleL/TotalBalanceDueAmt03947174
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SHIPBUILDERS CREDIT UNION HAS 10,486 MEMBERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ELECT THE NINE MEMBER BOARD OF DIRECTORS TO STAGGERED THREE YEAR TERMS. AN ELECTION OCCURS ANNUALLY AT THE CREDIT UNION ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ONLY ITEM THE GENERAL MEMBERSHIP MAY VOTE ON IS DISSOLUTION OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL REGULATORY REPORTS, INCLUDING FORM 990 AND FORM 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 AND MAY BE SUBMITTED TO THE REGULATORY AGENCY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE BOARD REVIEWS THE CONFLICT OF INTEREST POLICY AND AFFIRMS THAT ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST DOES NOT EXIST WITH MEMBERS OF THE BOARD OR THE OFFICERS OF THE CREDIT UNION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CEO COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS USING VARIOUS COMPARABILITY DATA FROM OTHER SOURCES INCLUDING OTHER CREDIT UNIONS; CREDIT UNION TRADE ASSOCIATIONS AND MARKET FACTORS. COMPENSATION FOR OTHER OFFICERS OF THE CREDIT UNION IS COMPILED BY THE PRESIDENT USING DATA FROM OTHER CREDIT UNIONS, CREDIT UNION TRADE ASSOCIATIONS AND MARKET FACTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FINANCIAL REPORTS ARE DISTRIBUTED TO ALL ATTENDEES OF THE SHIPBUILDERS CREDIT UNION ANNUAL MEEETING AND ARE ALSO MADE AVAIABLE UPON REQUEST FROM MEMBERS OR OTHER INTERESTED PARTIES. CONFLICT OF INTEREST AND OTHER CREDIT UNION POLICIES ARE MADE AVILABLE 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt086407251
IRS990/TotalAssetsEOYAmt0103074839
IRS990/TotalAssetsGrp/BOYAmt086407251
IRS990/TotalAssetsGrp/EOYAmt0103074839
IRS990/TotalCompGreaterThan150KInd01
IRS990/TotalEmployeeCnt042
IRS990/TotalFunctionalExpensesGrp/TotalAmt04020622
IRS990/TotalGrossUBIAmt08324
IRS990/TotalLiabilitiesBOYAmt072551182
IRS990/TotalLiabilitiesEOYAmt088460786
IRS990/TotalLiabilitiesGrp/BOYAmt072551182
IRS990/TotalLiabilitiesGrp/EOYAmt088460786
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt013856069

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.00$0.00$0.00$4.78$4.16$0.62
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.$118$102$15.5$5.27$4.55$0.72
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$115$99.8$15.4$4.53$3.73$0.80
2020Detailed filing. Detailed filing data is available for this year.$103$88.5$14.6$4.78$4.02$0.76
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.4$72.6$13.9$5.28$3.99$1.29
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$81.0$68.4$12.6$4.44$3.49$0.95
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$76.2$65.5$10.7$4.13$3.17$0.96
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$73.7$64.0$9.74$4.09$3.28$0.81
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$71.0$62.8$8.20$4.04$3.33$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$68.1$60.6$7.49$3.60
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$64.6$57.8$6.78$3.66
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.0$53.8$6.16$3.69