Shipbuilders Credit Union

Shipbuilders Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 390613175 ✦ Manitowoc, WI ✦ Designated as a 501(c)(14)

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Overview

What is Shipbuilders Credit Union?

Shipbuilders Credit Union is a cooperative, non-profit organization established under Wisconsin law. Its primary objective is to instill savings habits among its members and provide them with reasonable credit opportunities. By doing so, it aims to assist its members in improving their financial and social well-being. The credit union accomplishes this through its programs, which involve holding deposits and extending loans to its members.


Official website here: www.https: www.shipbuilderscu.com

Is Shipbuilders Credit Union legitimate?

Shipbuilders Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Shipbuilders Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $570,341
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,459,676

For more financial information, click here


Official website here: www.https: www.shipbuilderscu.com

What is the mission statement of Shipbuilders Credit Union?

The Shipbuilders Credit Union, established as a cooperative non-profit organization under Wisconsin law, aims to promote thrift among its members. One of its primary objectives is to create a reliable source of credit at reasonable rates. Furthermore, the credit union strives to offer its members an opportunity to enhance their economic and social conditions. Its operations involve holding deposits and providing loans to its members.


Official website here: www.https: www.shipbuilderscu.com

Who is the CEO of Shipbuilders Credit Union?

Michael T Steimle is the Principal Officer of Shipbuilders Credit Union. The CEO's salary of Shipbuilders Credit Union is $212,308 and their total compensation is $235,229.


Official website here: www.https: www.shipbuilderscu.com

What is the revenue of Shipbuilders Credit Union?

Shipbuilders Credit Union's revenue in 2022 was $5,269,006.


Official website here: www.https: www.shipbuilderscu.com

Who are the executives of Shipbuilders Credit Union and what are their salaries?

The average compensation at Shipbuilders Credit Union during 2022 was $46,137. There are 44 employees and 7 volunteers at Shipbuilders Credit Union.


Here are 9 key members and their salaries (Shipbuilders Credit Union's CEO's salary is $212,308 and their total compensation is $235,229):


Stiteley Glen (President Ceo)
  • Compensation: $212,308
  • Related: $0
  • Other: $22,921
Steimle Michael T (Executive Vice President)
  • Compensation: $255,695
  • Related: $0
  • Other: $21,409
Lau Sheri K (Vice President)
  • Compensation: $102,338
  • Related: $0
  • Other: $8,888
Diederichs Dan (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Fellows D Tyler Esq (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Matczynski Greg (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meyer Jared (Vice Chairman)
  • Compensation: $0
  • Related: $0
  • Other: $0
Musial Thomas (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Nelson Todd Md (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.https: www.shipbuilderscu.com

Where can I find the form 990 for Shipbuilders Credit Union?

Shipbuilders Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.https: www.shipbuilderscu.com

Learn more at the official website: www.https: www.shipbuilderscu.com

Mission Statement of Shipbuilders Credit Union

Shipbuilders Credit Union, a cooperative organization incorporated under Wisconsin law, is on a mission to encourage thrift among its members. This non-profit organization aims to serve its members by providing a source of credit at a fair cost. By doing so, Shipbuilders Credit Union seeks to offer its members an opportunity to improve their economic and social condition. In essence, the credit union's mission is to help its members save and borrow responsibly, thereby enhancing their financial well-being.

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Impact




October, 2024

Shipbuilders Credit Union plays a vital role in the Manitowoc community by encouraging thrift and providing accessible financial services to its members. Through its cooperative structure, it fosters a sense of community and mutual support among its members, helping them to save and invest wisely. The credit union offers a source of credit at fair rates, making financial assistance available to those who may find it difficult to access conventional banking services.

By holding deposits and making loans, Shipbuilders Credit Union empowers its members to improve their economic circumstances, which in turn contributes to the overall financial health of the community. The focus on thrift not only helps individuals manage their finances better but also strengthens the local economy by promoting responsible spending and saving habits. In this way, Shipbuilders Credit Union is instrumental in enhancing the social and economic well-being of its members and the larger Manitowoc area.




This information is meant to be a general summary of Shipbuilders Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$5,269,006 (2022)
Expenses
$4,545,646 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $444,800
  • Program Service Revenue: $4,728,715
  • Gross Receipts: $5,269,006

Assets and Liabilities:

  • Total Assets: $117,905,880
  • Total Liabilities: $102,420,147
  • Net Assets: $15,485,733

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Organization Details

Founding Year

1938

Principal Officer

Michael T Steimle

Main Address

2001 Washington St, Manitowoc, WI, 54220

NTEE Category

Code: W60 - Public benefit

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