Program areas at Hibbing Cooperative Credit Union
We generated 1,257 loans to our members in 2022 that totaled $13,544,718. We generate loans to buy new and used vehicles, recreational items, household items and for any reasonable purpose. We also generate home equity loans and offer visa Credit cards.
We offer share draft accounts to our members. On 12/31/22 we had $20,026,950 in 4,086 accounts.
We offer various types of savings products to our members. On 12/31/22 our members had on deposit $77,991,525 in 13,398 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
| Name | Title | Compensation | Date of data |
|---|
| Gary S Kangas | President | $840 | 2022-12-31 |
| Waylon Vitters | Manager | $98,768 | 2023-08-03 |
| Patrick Dilley | Secretary | $770 | 2022-12-31 |
| David Simonson | Vice President | $770 | 2022-12-31 |
| John Dixon | Treasurer | $840 | 2022-12-31 |
| ...and 2 more key personnel |
Financials for Hibbing Cooperative Credit Union
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $1,667,714 | $1,815,705 | -8.2% |
| Investment income and dividends | $1,118,573 | $328,460 | 240.6% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $0 | $0 | - |
| Total revenues | $2,786,287 | $2,144,165 | 29.9% |
Organizations like Hibbing Cooperative Credit Union
| Organization | Type | Location | Revenue |
|---|
| Soo Line Credit Union (SLCU) | 501(c)(14) | Savage, MN | $2,127,710 |
| Leading Edge Credit Union | 501(c)(14) | Worthington, MN | $7,569,554 |
| Brainerd BN Credit Union | 501(c)(14) | Brainerd, MN | $2,826,059 |
| Greater Community Credit Union | 501(c)(14) | Dawson, MN | $8,742,446 |
| Financial One Credit Union | 501(c)(14) | Columbia Heights, MN | $11,270,296 |
| Red Wing Credit Union | 501(c)(14) | Red Wing, MN | $6,740,657 |
| Associated Healthcare Credit Union | 501(c)(14) | Woodbury, MN | $6,129,567 |
| Northern States Power St Paul Credit Union | 501(c)(14) | Maplewood, MN | $2,006,584 |
| Deer River Cooperative Credit Union | 501(c)(14) | Deer River, MN | $903,681 |
| SMW Financial Credit Union - No 10 | 501(c)(14) | Lino Lakes, MN | $3,852,056 |
Data update history
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
July 1, 2022
Used new vendors
Identified 2 new vendors, including , and
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 level
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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