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EIN 41-6029419

Hibbing Cooperative Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
18
City
Hibbing
State
Minnesota
Year formed
1938
Most recent tax filings
2024-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Hibbing Cooperative Credit Union promotes thrift among its members and creates a source of credit for them. In 2021, it granted 1,145 loans amounting to $9,409,882 to buy new and used vehicles, recreational items, household items, and for any good purpose. The Credit Union also offers home equity loans and visa Credit cards. In addition to loan products, they offer various types of savings products that currently have a total of $77,921,908 in 9,309 accounts as of December 31st, 2021.
Related structure
Hibbing Cooperative Credit Union is child organization, under the parent exemption from Credit Unions in the State of Minnesota.
Total revenues
$4,607,772
2024
Total expenses
$2,046,641
2024
Total assets
$103,052,536
2024
Num. employees
18
2024

Program areas at Hibbing Cooperative Credit Union

Hibbing Cooperative Credit Union (the Credit Union) generated 1,090 loans to our members in 2024 that totaled $14,292,990. The Credit Union generates loans to buy new and used vehicles, recreational items, household items and for any reasonable purpose. The Credit Union also generates home equity loans and offers visa Credit cards.
Hibbing Cooperative Credit Union offers share draft accounts to our members. On 12/31/24, we had $21,122,438 in 4,005 accounts.
Hibbing Cooperative Credit Union offers various types of savings products to our members. On 12/31/24, our members had on deposit $64,779,183 in 9,046 accounts.
Hibbing Cooperative Credit Union also offers home banking via the internet, visa debit cards, atm, and audio response (phone) for our members' convenience.

Personnel at Hibbing Cooperative Credit Union

NameTitleCompensation
Gary S KangasPresident$840
Waylon VittersManager$102,771

Financials for Hibbing Cooperative Credit Union

RevenuesFYE 12/2024
Total grants, contributions, etc.$63,937
Program services$2,058,214
Investment income and dividends$2,485,621
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$4,607,772

Form 990s for Hibbing Cooperative Credit Union

Fiscal year endingDate received by IRSFormPDF link
2024-122025-03-14990View PDF
2023-122024-05-02990View PDF
2022-122023-08-03990View PDF
2021-122022-11-02990View PDF
2020-122021-11-05990View PDF
...and 10 more Form 990s

Organizations like Hibbing Cooperative Credit Union

OrganizationLocationRevenue
Virginia Coop Credit UnionVirginia, MN$1,943,862
Minnco Credit UnionCambridge, MN$22,040,179
Harbor Pointe Credit Union (DTCU)Duluth, MN$6,824,977
MN Catholic Credit UnionLittle Canada, MN$2,318,070
Greater Community Credit UnionDawson, MN$12,614,357
Brainerd BN Credit UnionBrainerd, MN$4,499,777
Red Wing Credit UnionRed Wing, MN$7,704,785
Associated Healthcare Credit UnionWoodbury, MN$7,645,894
Leading Edge Credit UnionWorthington, MN$8,422,524
Ely Area Credit UnionEly, MN$2,330,009
Data update history
August 8, 2024
Posted financials
Added Form 990 for fiscal year 2023
October 8, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
October 5, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local levelReceives government funding
General information
Address
217 W 42nd St PO Box 908
Hibbing, MN 55746
Metro area
Duluth, MN-WI
County
St. Louis County, MN
Website URL
hccu.net/ 
Phone
(218) 263-8815
IRS details
EIN
41-6029419
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1938
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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