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Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Who runs it and what they're paid
9 people listed on the 990; $570K paid to officers and key staff.
Part VII, Section A · reportable compensation
Executive Vice President
$255,695Pt VII · Sec A
President CEO
$212,308Pt VII · Sec A
Vice President
$102,338Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Compensation history total reportable pay by year · 7 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Steimle Michael | — | — | — | — | $284,916 |
| Steimle Michael T | $259,185 | $274,248 | $255,695 | $250,500 | — |
| Stiteley Glen | — | — | $212,308 | — | — |
| Lau Sheri K | $105,827 | $126,047 | $102,338 | — | $94,440 |
| Wojta Paul H | — | — | — | $109,809 | $109,982 |
| Seidl Mark R | — | — | — | — | $96,614 |
| Eggert Paul G | — | — | — | — | $84,649 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Shipbuilders Credit Union executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
- Loans to or from officersSch L · Pt II7 listed
Programs and updates
Helps members save money, get fair loans, and improve their lives.
Questions for Shipbuilders Credit Union
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3 programs · in their own filed words · FY2022
01
n a
Pt IX · col B
02
n a
Pt IX · col B
03
n a
Pt IX · col B
By the numbers
The FY2022 990, line by line.
Download 990
1The main four
Money inPt VIII
$5.3M
Ln 12
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$445K
Other incomeLn 4–11$95K
Money outPt IX
$4.5M
Ln 25
Owns and owesPt X
$15.5M
net assets · Ln 32
Cash and savingsLn 1–2$5.2M
Total assetsLn 16$117.9M
LiabilitiesLn 26$102.4M
PeoplePt VI, VII
9
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$445K
Other incomeLn 4–11$95K
Gains on assetsLn 7$0
Total revenueLn 12$5.3M
Assets in detailPt X, end of year
CashLn 1$1.3M
SavingsLn 2$3.9M
Cash and savings togetherLn 1–2$5.2M
Accounts receivableLn 4$404K
Notes and loans receivableLn 7$91.1M
Land, buildings, equipmentLn 10c$2.4M
InvestmentsLn 11–13$17.4M
Other assetsLn 15$1.4M
Total assetsLn 16$117.9M
LiabilitiesLn 26$102.4M
Net assetsLn 32$15.5M
OperationsPt I, VI
EmployeesI 542
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $25.8M | $5.2M |
| InvestmentsLn 11–13 | $3.5M | $17.4M |
| Land, buildings, equipmentLn 10c | $2.5M | $2.4M |
| Total assetsLn 16 | $115.2M | $117.9M |
| LiabilitiesLn 26 | $99.8M | $102.4M |
| Net assetsLn 32 | $15.4M | $15.5M |
4Every line
Statement of functional expensesPt IX · every line
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $0 | $0 | ||
| Grants to domestic individualsLn 2 | $0 | $0 | ||
| Grants and assistance to foreign recipientsLn 3 | $0 | $0 | ||
| Benefits paid to or for membersLn 4 | $0 | $0 | ||
| Pay of current officers, directors and key staffLn 5 | $570K | $0 | $0 | $0 |
| Pay of disqualified personsLn 6 | $0 | $0 | $0 | $0 |
| Other salaries and wagesLn 7 | $1.5M | $0 | $0 | $0 |
| Pension plan contributionsLn 8 | $115K | $0 | $0 | $0 |
| Other employee benefitsLn 9 | $365K | $0 | $0 | $0 |
| Payroll taxesLn 10 | $0 | $0 | $0 | $0 |
| Management feesLn 11a | $0 | $0 | $0 | $0 |
| Legal feesLn 11b | $114K | $0 | $0 | $0 |
| Accounting feesLn 11c | $28K | $0 | $0 | $0 |
| Lobbying feesLn 11d | $0 | $0 | $0 | $0 |
| Professional fundraising feesLn 11e | $0 | $0 | ||
| Investment management feesLn 11f | $0 | $0 | $0 | $0 |
| Other fees for servicesLn 11g | $0 | $0 | $0 | $0 |
| Advertising and promotionLn 12 | $134K | $0 | $0 | $0 |
| Office expensesLn 13 | $209K | $0 | $0 | $0 |
| Information technologyLn 14 | $172K | $0 | $0 | $0 |
| RoyaltiesLn 15 | $0 | $0 | $0 | $0 |
| OccupancyLn 16 | $155K | $0 | $0 | $0 |
| TravelLn 17 | $0 | $0 | $0 | $0 |
| Travel and entertainment for public officialsLn 18 | $0 | $0 | $0 | $0 |
| Conferences, conventions and meetingsLn 19 | $50K | $0 | $0 | $0 |
| InterestLn 20 | $2K | $0 | $0 | $0 |
| Payments to affiliatesLn 21 | $0 | $0 | $0 | $0 |
| Depreciation, depletion and amortizationLn 22 | $141K | $0 | $0 | $0 |
| InsuranceLn 23 | $43K | $0 | $0 | $0 |
| Other expenses (24a–d)Ln 24 | $987K | $0 | $0 | $0 |
| All other expensesLn 24e | $0 | $0 | $0 | $0 |
| Total functional expensesLn 25 | $4.5M | $0 | $0 | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 LatestFiled with the IRS Sep 9, 2025 | $4.8M | $4.2M | $624K | $0 | 990 PDF |
| FY2023Filed with the IRS May 15, 2024 | $5.9M | $5.1M | $837K | $16.4M | 990 PDF |
| FY2022 ViewingFiled with the IRS Nov 14, 2023 | $5.3M | $4.5M | $723K | $15.5M | 990 PDF |
| FY2021Filed with the IRS Aug 11, 2022 | $4.5M | $3.7M | $800K | $15.4M | 990 PDF |
| FY2020Filed with the IRS Jul 21, 2021 | $4.8M | $4.0M | $758K | $14.6M | 990 PDF |
Schedules filed Part IV
III · Programs
R · Related orgs
G · Fundraising
L · Interested persons
I · Grants
J · Pay
O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $5,269,006 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $4,370,130$4,728,715
I-10 Investment incomePrior year $149,999$444,800
I-11 Other revenuePrior year $10,186$95,491
I-12 Total revenuePrior year $4,530,315$5,269,006
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $2,059,192$2,509,409
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,670,878$2,036,237
I-18 Total expensesPrior year $3,730,070$4,545,646
I-19 Revenue less expensesPrior year $800,245$723,360
Part VI · Governance 6 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members6
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $5,269,006 across 16 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$0
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$0
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,687,284 · Unrelated business $41,431 · Excluded from tax $0$4,728,715
VIII-3 Investment incomeRelated to mission $444,800 · Unrelated business $0 · Excluded from tax $0$444,800
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $95,491 · Unrelated business $0 · Excluded from tax $0$95,491
VIII-12 Total revenueRelated to mission $5,227,575 · Unrelated business $41,431 · Excluded from tax $0$5,269,006
Part IX · Statement of functional expenses $4,545,646 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $0 · Fundraising $0$570,341
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$1,459,676
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$114,607
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$364,785
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$113,997
IX-11c Accounting feesPrograms $0 · Management $0 · Fundraising $0$27,991
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$134,155
IX-13 Office expensesPrograms $0 · Management $0 · Fundraising $0$209,185
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$172,497
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$154,658
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$50,320
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$2,327
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$141,135
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$43,124
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$986,848
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$4,545,646
Part X · Balance sheet $117,905,880 assets, 31 lines filed
X-1 Cash, non-interest-bearingStart of year $1,036,230$1,288,890
X-2 Savings and temporary cash investmentsStart of year $24,716,161$3,909,385
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $201,768$403,666
X-5 Loans to officers and key peopleStart of year $4,102,379$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $77,774,224$91,115,153
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $2,459,148$2,365,443
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $3,472,545$17,433,720
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $1,426,003$1,389,623
X-16 Total assetsStart of year $115,188,458$117,905,880
X-17 Accounts payable and accrued expensesStart of year $289,804$577,265
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$0
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $99,484,356$101,842,882
X-26 Total liabilitiesStart of year $99,774,160$102,420,147
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $15,414,298$15,485,733
X-32 Total net assets or fund balancesStart of year $15,414,298$15,485,733
X-33 Total liabilities and net assetsStart of year $115,188,458$117,905,880
Part XI · Reconciliation of net assets $15,485,733 net assets at year end
XI-1 Total revenue$5,269,006
XI-2 Total expenses$4,545,646
XI-3 Revenue less expenses$723,360
XI-4 Net assets at start of year$15,414,298
XI-5 Net unrealized gains (losses) on investments−$651,925
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$15,485,733
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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