Shipbuilders Credit Union: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- Shipbuilders Credit Union (EIN 39-0613175)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-28
- IRS object ID
- 201211809349300821
- Schema version
- 2011v1.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-28T12:24:36-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 391173131 | EIN |
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SCHENCK SC | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 100 MARITIME DRIVE SUITE 2B | AddressLine1 |
| City | MANITOWOC | City |
| State | WI | State |
| ZIP Code | 542206805 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 390613175 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | SHIPBUILDERS CREDIT UNION | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | SHIP | NameControl |
| Phone | 9206828500 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 WASHINGTON STREET | AddressLine1 |
| City | MANITOWOC | City |
| State | WI | State |
| ZIP Code | 54220 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | MICHAEL STEIMLE | Name |
| Title | CEO | Title |
| Phone | 9206828500 | Phone |
| Date Signed | 2012-06-28 | DateSigned |
| Authorize Third Party | 1 | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9206845500 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | MICHAEL STEIMLE | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 WASHINGTON STREET | AddressLine1 |
| City | MANITOWOC | City |
| State | WI | State |
| ZIP Code | 542204937 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 4338390 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | WWW.SHIPBUILDERSCU.COM | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1938 | YearFormation |
| State Legal Domicile | WI | StateLegalDomicile |
| Activity Or Mission Description | A COOPERATIVE NON-PROFIT ORGANIZATION INCORPORATED UNDER WISCONSIN LAW TO ENCOURAGE THRIFT AMONG ITS' MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST AND TO PROVIDE AN OPPORTUNITY FOR ITS' MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 9 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 9 | NbrIndependentVotingMembers |
| Total Nbr Employees | 35 | TotalNbrEmployees |
| Total Nbr Volunteers | 9 | TotalNbrVolunteers |
| Total Gross UBI | 36421 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 0 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 0 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 0 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 4226975 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 4214390 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 7525 | InvestmentIncomePriorYear |
| Investment Income Current Year | 9967 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 53119 | OtherRevenuePriorYear |
| Other Revenue Current Year | 52008 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 4287619 | TotalRevenuePriorYear |
| Total Revenue Current Year | 4276365 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 0 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 0 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 1312282 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 1379434 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2374542 | OtherExpensePriorYear |
| Other Expenses Current Year | 2279204 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 3686824 | TotalExpensesPriorYear |
| Total Expenses Current Year | 3658638 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 600795 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 617727 | RevenuesLessExpensesCY |
| Total Assets BOY | 59963600 | TotalAssetsBOY |
| Total Assets EOY | 64571542 | TotalAssetsEOY |
| Total Liabilities BOY | 53798804 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 57789019 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 6164796 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 6782523 | NetAssetsOrFundBalancesEOY |
| Mission Description | A COOPERATIVE NON-PROFIT ORGANIZATION INCORPORATED UNDER WISCONSIN LAW TO ENCOURAGE THRIFT AMONG ITS' MEMBERS, CREATE A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST AND TO PROVIDE AN OPPORTUNITY FOR ITS' MEMBERS TO IMPROVE THEIR ECONOMIC AND SOCIAL CONDITIONS. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Description | ENCOURAGE THRIFT AMONG MEMBERS, CREATED A SOURCE OF CREDIT AT A FAIR AND REASONABLE COST AND PROVIDE AN OPPORTUNITY FOR MEMBERS THAT IMPROVES THEIR ECONOMIC AND SOCIAL CONDITION. | Description |
| Described In501 C3 | 0 | DescribedIn501C3 |
| Schedule B Required | 0 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Subject To Proxy Tax | 0 | SubjectToProxyTax |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 0 | TermOrPermanentEndowments |
| Report Land Bldg Equip | 1 | ReportLandBldgEquip |
| Report Invest Oth Securities | 0 | ReportInvestOthSecurities |
| Report Prog Rel Invest | 1 | ReportProgRelInvest |
| Report Other Assets | 0 | ReportOtherAssets |
| Report Other Liabilities | 1 | ReportOtherLiabilities |
| Report Fin48 Footnote | 0 | ReportFin48Footnote |
| Independent Audit Financial Stmt | 0 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 0 | School |
| Foreign Office | 0 | ForeignOffice |
| Foreign Activities | 0 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 0 | ProfessionalFundraising |
| Fundraising Activities | 0 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 0 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 0 | TaxExemptBonds |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 0 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 0 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 0 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 0 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 0 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 0 | DisregardedEntity |
| Related Entity | 0 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transaction Related Entity | 0 | TransactionRelatedEntity |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 2113 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 35 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 0 | ForeignFinancialAccount |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributions |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Indoor Tanning Services | 0 | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 9 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 9 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 0 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 1 | MembersOrStockholders |
| Election Of Board Members | 1 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 1 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | WI | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARK R SEIDL | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 9206828500 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 2001 WASHINGTON ST | AddressLine1 |
| City | MANITOWOC | City |
| State | WI | State |
| ZIP Code | 54220 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (13 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| POLLY ABTS | ||||||||
| BOARD MEMBER | 2.30 | X | 0 | 0 | 600 | |||
| JAMES BEHNKE | ||||||||
| BOARD CHAIR | 2.30 | X | 0 | 0 | 600 | X | ||
| RICHARD BLASHKA | ||||||||
| BOARD MEMBER | 2.30 | X | 0 | 0 | 600 | |||
| TYLER D FELLOWS | ||||||||
| TREASURER | 2.30 | X | 0 | 0 | 650 | X | ||
| JOSHUA HEIMERL DC | ||||||||
| BOARD MEMBER | 2.30 | X | 0 | 0 | 350 | |||
| NANCY KOSS | ||||||||
| BOARD MEMBER | 2.30 | X | 0 | 0 | 550 | |||
| GREG MATCZYNSKI | ||||||||
| SECRETARY | 2.30 | X | 0 | 0 | 550 | X | ||
| TODD NELSON MD | ||||||||
| BOARD MEMBER | 2.30 | X | 0 | 0 | 400 | |||
| MICHAEL STEIMLE | ||||||||
| PRESIDENT & CEO | 45.00 | X | 164948 | 0 | 26267 | X | X | X |
| DONALD KADERABEK | ||||||||
| VICE PRESIDENT | 45.00 | 60712 | 0 | 0 | X | |||
| SHERI LAU | ||||||||
| VICE PRESIDENT | 45.00 | 52600 | 0 | 0 | X | |||
| MARK R SEIDL | ||||||||
| VICE PRESIDENT | 45.00 | 57556 | 0 | 0 | X | |||
| PAUL WOJTA | ||||||||
| CHIEF FINANCIAL OFFICER | 45.00 | 6250 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 342066 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 30567 | TotalOtherCompensation |
| Number Individuals GT100 K | 1 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
Program Service Revenue ProgramServiceRevenue (4 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | Unrelated Business RevenueUnrelatedBusinessRevenue |
|---|---|---|---|---|
| LOAN INTEREST MBR LOAN | 522100 | 3431153 | 3431153 | |
| OTHER EXEMPT PUR REV | 522100 | 665872 | 665872 | |
| WARRANTY\GAP\CD-CL | 522100 | 107369 | 107369 | |
| ATM SURCHARGE REVENUE | 522100 | 9996 | 9996 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 4214390 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 9967 | TotalRevenueColumn |
| Related Or Exempt Function Income | 9967 | RelatedOrExemptFunctionIncome |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 88450 | Real |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 62025 | Real |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 26425 | Real |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 26425 | TotalRevenueColumn |
| Unrelated Business Revenue | 26425 | UnrelatedBusinessRevenue |
Other Revenue Misc OtherRevenueMisc (2 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome |
|---|---|---|---|
| GAIN ON SALE OF ASSETS | 522100 | 21146 | 21146 |
| MISCELLANEOUS REVENUE | 522100 | 4437 | 4437 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 25583 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 4276365 | TotalRevenueColumn |
| Related Or Exempt Function Income | 4239944 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 36421 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 342066 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 760380 | Total |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 62209 | Total |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 214779 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 41598 | Total |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 15000 | Total |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 81971 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 126134 | Total |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 82911 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 108982 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 39961 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 34992 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 175501 | Total |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 33719 | Total |
Other Expenses OtherExpenses (4 entries)
| DescriptionDescription | TotalTotal |
|---|---|
| DIVIDENDS TO MEMBERS | 489582 |
| PROVISION FOR LOAN LOSS | 464752 |
| OFFICE OPERATIONS | 415178 |
| NCCUSIF/TCCUSIF PREMIUM | 90414 |
All Other Expenses AllOtherExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 78509 | Total |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 3658638 | Total |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 491510 | BOY |
| EOY | 790499 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 218635 | BOY |
| EOY | 1126 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 51629809 | BOY |
| EOY | 53111398 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 4523431 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 996231 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3392863 | BOY |
| EOY | 3527200 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2326824 | BOY |
| EOY | 5048011 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1903959 | BOY |
| EOY | 2093308 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59963600 | BOY |
| EOY | 64571542 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 186982 | BOY |
| EOY | 161900 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4000000 | BOY |
| EOY | 1000000 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 49611822 | BOY |
| EOY | 56627119 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 53798804 | BOY |
| EOY | 57789019 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Do Not Follow SFAS117 | X | DoNotFollowSFAS117 |
Cap Stck Trst Prin Current Funds CapStckTrstPrinCurrentFunds
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Paid In Cap Srpls Land Bldg Eqp Fund PaidInCapSrplsLandBldgEqpFund
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Retained Earnings Endowment Etc RetainedEarningsEndowmentEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6164796 | BOY |
| EOY | 6782523 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 6164796 | BOY |
| EOY | 6782523 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 59963600 | BOY |
| EOY | 64571542 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expenses | 617727 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | 0 | ReconcilationOtherChanges |
| Info In Schedule O Part XII | X | InfoInScheduleOPartXII |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 1 | AccountantCompileOrReview |
| FS Audited | 0 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequired |
Schedule D IRS990ScheduleD
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 621862 | OtherCostOrOtherBasis |
| Book Value | 621862 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 3384342 | OtherCostOrOtherBasis |
| Depreciation | 685846 | Depreciation |
| Book Value | 2698496 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 451898 | OtherCostOrOtherBasis |
| Depreciation | 300182 | Depreciation |
| Book Value | 151716 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 65329 | OtherCostOrOtherBasis |
| Depreciation | 10203 | Depreciation |
| Book Value | 55126 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 3527200 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (5 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| CCCU PLATEAU ACCOUNT | 3903025 | C |
| CCCU MEMBERSHIP SHARES | 159159 | C |
| CCCU P.I.C. SHARES | 290587 | C |
| WISCUB, INCORPORATED | 164059 | C |
| NCUA SHARE INSURANCE FUND | 531181 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 5048011 | TotalOfBookValueProgramRelated |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | CREDIT UNION MEMBER SHARES & CERTS | Description |
| Amount | $56,627,119 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 56627119 | TotalOfAmounts |
| Total Revenue | 4276365 | TotalRevenue |
| Total Expenses | 3658638 | TotalExpenses |
| Excess Or Deficit For Year | 617727 | ExcessOrDeficitForYear |
| Excess Or Deficit Per FS | 617727 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4276365 | TotRevenueEtcAuditedFinclStmt |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 4276365 | RevenueSubtotal |
| Revenue Not Rptd On Fin Stmt | 0 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 4276365 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 3658638 | TotExpensesEtcAuditedFinclStmt |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 3658638 | ExpensesSubtotal |
| Expenses Not Rptd On Fin Stmt | 0 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 3658638 | TotalExpensesPerForm990 |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
Form990 Schedule J Part II Form990ScheduleJPartII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MICHAEL STEIMLE | NamePerson |
| Base Compensation Filing Org | 147848 | BaseCompensationFilingOrg |
| Comp Based On Related Orgs | 0 | CompBasedOnRelatedOrgs |
| Bonus Filing Org | 15000 | BonusFilingOrg |
| Bonus Related Orgs | 0 | BonusRelatedOrgs |
| Other Compensation Filing Org | 2100 | OtherCompensationFilingOrg |
| Other Compensation Related Orgs | 0 | OtherCompensationRelatedOrgs |
| Deferred Comp Filing Org | 10182 | DeferredCompFilingOrg |
| Deferred Comp Related Orgs | 0 | DeferredCompRelatedOrgs |
| Nontaxable Benefits Filing Org | 16085 | NontaxableBenefitsFilingOrg |
| Nontaxable Benefits Related Orgs | 0 | NontaxableBenefitsRelatedOrgs |
| Total Compensation Filing Org | 191215 | TotalCompensationFilingOrg |
| Total Compensation Related Orgs | 0 | TotalCompensationRelatedOrgs |
| Comp Report Prior990 Filing Org | 0 | CompReportPrior990FilingOrg |
| Comp Report Prior990 Related Orgs | 0 | CompReportPrior990RelatedOrgs |
Schedule L IRS990ScheduleL
Loan Table LoanTable (25 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| JAMES BEHNKE | ||||||
| AUTO LOAN | X | $9,000 | 1286 | 0 | 1 | 1 |
| JAMES BEHNKE | ||||||
| AUTO LOAN | X | $7,000 | 2931 | 0 | 1 | 1 |
| RICHARD BLASHKA | ||||||
| HOME EQUITY LOAN | X | $7,200 | 6275 | 0 | 1 | 1 |
| TYLER D FELLOWS | ||||||
| AUTO LOAN | X | $26,617 | 13339 | 0 | 1 | 1 |
| TYLER D FELLOWS | ||||||
| MORTGAGE LOAN | X | $43,409 | 39231 | 0 | 1 | 1 |
| JOSHUA HEIMERL DC | ||||||
| AUTO LOAN | X | $57,875 | 48123 | 0 | 1 | 1 |
| JOSHUA HEIMERL DC | ||||||
| AUTO LOAN | X | $17,520 | 7607 | 0 | 1 | 1 |
| JOSHUA HEIMERL DC | ||||||
| MORTGAGE LOAN | X | $65,605 | 0 | 0 | 1 | 1 |
| DON KADERABEK | ||||||
| AUTO LOAN | X | $7,004 | 7004 | 0 | 1 | 1 |
| DON KADERABEK | ||||||
| PERSONAL LOAN | X | $9,000 | 7554 | 0 | 1 | 1 |
| DON KADERABEK | ||||||
| MORTGAGE LOAN | X | $137,300 | 136084 | 0 | 1 | 1 |
| DON KADERABEK | ||||||
| MORTGAGE LOAN | X | $20,000 | 20000 | 0 | 1 | 1 |
| DON KADERABEK | ||||||
| MORTGAGE LOAN | X | $40,000 | 37838 | 0 | 1 | 1 |
| DON KADERABEK | ||||||
| PERSONAL LOAN | X | $1,500 | 1500 | 0 | 1 | 1 |
| TODD NELSON MD | ||||||
| MORTGAGE LOAN | X | $47,000 | 25340 | 0 | 1 | 1 |
| MARK R SEIDL | ||||||
| AUTO LOAN | X | $15,000 | 8586 | 0 | 1 | 1 |
| MARK R SEIDL | ||||||
| MORTGAGE LOAN | X | $67,651 | 64198 | 0 | 1 | 1 |
| MARK R SEIDL | ||||||
| MORTGAGE LOAN | X | $17,274 | 15839 | 0 | 1 | 1 |
| MARK R SEIDL | ||||||
| PERSONAL LOAN | X | $3,600 | 3504 | 0 | 1 | 1 |
| MICHAEL STEIMLE | ||||||
| AUTO LOAN | X | $23,053 | 22991 | 0 | 1 | 1 |
| MICHAEL STEIMLE | ||||||
| AUTO LOAN | X | $18,611 | 17270 | 0 | 1 | 1 |
| MICHAEL STEIMLE | ||||||
| MORTGAGE LOAN | X | $17,500 | 16340 | 0 | 1 | 1 |
| MICHAEL STEIMLE | ||||||
| MORTGAGE LOAN | X | $23,421 | 22996 | 0 | 1 | 1 |
| JOSHUA HEIMERL DC | ||||||
| AUTO LOAN | X | $15,243 | 13719 | 0 | 1 | 1 |
| SHERI LAU | ||||||
| HOME EQUITY LOAN | X | $26,000 | 3600 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 543155 | TotalBalanceDue |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (9 entries)
| Return ReferenceReturnReference | ExplanationExplanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 6 | SHIPBUILDERS CREDIT UNION HAS 7,886 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 SHIPBUILDERS 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 11 | ALL REGULATORY REPORTS, INCLUDING FORM 990, ARE REVIEWED BY THE BOARD OF DIRECTORS PRIOR TO FILING. THE REVIEW, CONDUCTED BY THE PRESIDENT REVIEWS THE FORMS TO BE FILED & ALLOWS FOR QUESTIONS FROM MEMBERS OF THE BOARD. 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 POLICY ANNUALLY AND AFFIRMS THAT ANY CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST DOES NOT EXIST WITH MEMBERS OF THE BOARD OF DIRECTORS. |
| 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 MEETING AND ARE ALSO MADE AVAILABLE UPON REQUEST FROM MEMBERS OR OTHER INTERESTED PARTIES. CONFLICT OF INTEREST AND OTHER CREDIT UNION POLICIES ARE MADE AVAILABLE UPON REQUEST AND MAY BE VIEWED DURING REGULAR BUSINESS HOURS AT THE MAIN CREDIT UNION BRANCH 2001 WASHINGTON STREET; MANITOWOC, WI, 54220. |
| FORM 990, PART XII, LINE 2A: | FINANCIAL STATEMENTS ARE CREATED BY MANAGEMENT OF SHIPBUILDERS CREDIT UNION AND REVIEWED BY AN INDEPENDENT CPA FIRM ENGAGED TO PERFORM AN ANNUAL AGREED-UPON-PROCEDURES AUDIT. AS SUCH, THE CPA FIRM DOES NOT EXPRESS AN OPINION ON THE FINANCIAL STATEMENTS PRESENTED. |
| FORM 990, PART XII, LINE 2C: | SHIPBUILDERS CREDIT UNION'S BOARD OF DIRECTORS APPOINTS MEMBERS OF THE BOARD TO AN AUDIT COMMITTEE TO REVIEW THE RESULTS AND FINDINGS OF THE AGREED-UPON-PROCEDURES AUDIT COMPLETED ANNUALLY BY THE INDEPENDENT CPA FIRM. |
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