Civic Intelligence

Hibbing Cooperative Credit Union

EIN 41-6029419 • 501(c)14 • Hibbing, MN

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Profile

Hibbing cooperative credit union is a state-chartered cooperative association organized for the purpose of promoting thrift among and creating a source of credit for its members.

217 West 42nd Street PO Box 908Hibbing, MN 55746-0908

www.hccu.net

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.82x

Higher debt load relative to assets than 12% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2025

Liabilities / Revenue

77th percentile

17.64x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2025

Net Margin

100th percentile

53%

Higher net margin than 100% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Source year 2025

Top Officer Pay

7th percentile

$131,743

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 2.7% of source-year revenue.

501(c)14 • $100M-$250M nonprofits • Source year 2025

Asset Growth

57th percentile

3.5%

Faster asset growth than 57% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Revenue Growth

24th percentile

7.4%

Faster revenue growth than 24% of similar nonprofits.

501(c)14 • $100M-$250M nonprofits • Annualized from 2024 to 2025

Balance Sheet
Liabilities / Assets12th percentile

Assets

Down

$103,052,536

Down $2,033,408 (-1.9%) from 2023

Liabilities

Down

$86,211,436

Down $4,798,520 (-5.3%) from 2023

Net Assets

Up

$16,841,100

Up $2,765,112 (+20%) from 2023

Operations
Liabilities / Revenue77th percentileNet Margin100th percentile

Revenue

Up

$4,607,772

Up $649,620 (+16%) from 2023

Expenses

Up

$2,046,641

Up $193,926 (+10%) from 2023

Net Income

Up

$2,561,131

Up $455,694 (+22%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth57th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $53,819,836Liabilities 2010: $46,604,640Net Assets 2010: $7,215,1962010Assets 2011: $57,256,781Liabilities 2011: $49,919,702Net Assets 2011: $7,337,0792011Assets 2012: $63,798,761Liabilities 2012: $56,415,404Net Assets 2012: $7,383,3572012Assets 2013: $67,109,339Liabilities 2013: $59,565,687Net Assets 2013: $7,543,6522013Assets 2014: $69,446,665Liabilities 2014: $61,666,242Net Assets 2014: $7,780,4232014Assets 2015: $70,734,952Liabilities 2015: $62,747,253Net Assets 2015: $7,987,6992015Assets 2016: $73,046,271Liabilities 2016: $65,247,168Net Assets 2016: $7,799,1032016Assets 2017: $76,472,782Liabilities 2017: $68,238,176Net Assets 2017: $8,234,6062017Assets 2018: $79,816,422Liabilities 2018: $70,889,570Net Assets 2018: $8,926,8522018Assets 2019: $83,061,847Liabilities 2019: $73,332,147Net Assets 2019: $9,729,7002019Assets 2020: $99,660,751Liabilities 2020: $89,543,848Net Assets 2020: $10,116,9032020Assets 2021: $108,549,436Liabilities 2021: $97,957,913Net Assets 2021: $10,591,5232021Assets 2022: $110,217,749Liabilities 2022: $98,350,275Net Assets 2022: $11,867,4742022Assets 2023: $105,085,944Liabilities 2023: $91,009,956Net Assets 2023: $14,075,9882023Assets 2024: $103,052,536Liabilities 2024: $86,211,436Net Assets 2024: $16,841,1002024

Highlighted filing

2024

Assets$103,052,536
Liabilities$86,211,436
Net Assets$16,841,100
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0Expenses 2010: $2,043,4252010Expenses 2011: $1,754,2412011Expenses 2012: $1,718,9812012Revenue 2013: $1,784,769Expenses 2013: $1,741,014Net Income 2013: $43,7552013Revenue 2014: $1,798,695Expenses 2014: $1,679,397Net Income 2014: $119,2982014Revenue 2015: $1,813,810Expenses 2015: $1,660,259Net Income 2015: $153,5512015Revenue 2016: $1,824,299Expenses 2016: $1,662,329Net Income 2016: $161,9702016Revenue 2017: $2,021,096Expenses 2017: $1,751,083Net Income 2017: $270,0132017Revenue 2018: $2,505,798Expenses 2018: $1,822,509Net Income 2018: $683,2892018Revenue 2019: $2,815,439Expenses 2019: $1,847,763Net Income 2019: $967,6762019Revenue 2020: $2,339,189Expenses 2020: $1,861,265Net Income 2020: $477,9242020Revenue 2021: $2,144,165Expenses 2021: $1,750,422Net Income 2021: $393,7432021Revenue 2022: $2,786,287Expenses 2022: $1,800,837Net Income 2022: $985,4502022Revenue 2023: $3,958,152Expenses 2023: $1,852,715Net Income 2023: $2,105,4372023Revenue 2024: $4,607,772Expenses 2024: $2,046,641Net Income 2024: $2,561,1312024

Highlighted filing

2024

Revenue$4,607,772
Expenses$2,046,641
Net Income$2,561,131
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$103,052,536
Liabilities
$86,211,436
Net assets
$16,841,100
Revenue
$4,607,772
Expenses
$2,046,641
Net income
$2,561,131
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$103$86.2$16.8$4.61$2.05$2.56
2023Detailed filing. Detailed filing data is available for this year.$105$91.0$14.1$3.96$1.85$2.11
2022Detailed filing. Detailed filing data is available for this year.$110$98.4$11.9$2.79$1.80$0.99
2021Detailed filing. Detailed filing data is available for this year.$109$98.0$10.6$2.14$1.75$0.39
2020Detailed filing. Detailed filing data is available for this year.$99.7$89.5$10.1$2.34$1.86$0.48
2019Detailed filing. Detailed filing data is available for this year.$83.1$73.3$9.73$2.82$1.85$0.97
2018Detailed filing. Detailed filing data is available for this year.$79.8$70.9$8.93$2.51$1.82$0.68
2017Detailed filing. Detailed filing data is available for this year.$76.5$68.2$8.23$2.02$1.75$0.27
2016Detailed filing. Detailed filing data is available for this year.$73.0$65.2$7.80$1.82$1.66$0.16
2015Detailed filing. Detailed filing data is available for this year.$70.7$62.7$7.99$1.81$1.66$0.15
2014Detailed filing. Detailed filing data is available for this year.$69.4$61.7$7.78$1.80$1.68$0.12
2013Detailed filing. Detailed filing data is available for this year.$67.1$59.6$7.54$1.78$1.74$0.04
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.8$56.4$7.38$1.72
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$57.3$49.9$7.34$1.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$53.8$46.6$7.22$2.04
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Mar 11, 2025
Return Version
2024v5.0
Gross Receipts
$4,607,772
Mission and Program Overview

Mission

Hibbing cooperative credit union is a state-chartered cooperative association organized for the purpose of promoting thrift among and creating a source of credit for its members.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$70,433,742$66,600,424▼ $3,833,318
Other Notes and Loans Receivable, Net$31,563,723$33,028,035▲ $1,464,312
Rtn Earn Endowment Incm Other Fnds$14,075,988$16,841,100▲ $2,765,112
Cash and Non-Interest-Bearing Accounts$1,404,342$1,471,585▲ $67,243
Prepaid Expenses and Deferred Charges$236,093$226,888▼ $9,205
Land, Buildings, and Equipment, Net$53,062$67,086▲ $14,024
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$105,085,944$103,052,536▼ $2,033,408
Other Assets Total$1,394,982$1,658,518▲ $263,536
Liabilities
Other Liabilities$90,696,859$85,897,115▼ $4,799,744
Accounts Payable and Accrued Expenses$313,097$314,321▲ $1,224
Total Liabilities$91,009,956$86,211,436▼ $4,798,520
Net Assets / Fund Balance
Total Net Assets Fund Balance$14,075,988$16,841,100▲ $2,765,112
Total Liabilities and Net Assets / Fund Balance$105,085,944$103,052,536▼ $2,033,408

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$0$684,534$684,534
Equipment$40,086$447,899$487,985
Land$27,000-$27,000
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Waylon VittersManagerFT$107,808$13,308$121,116
Rex LentnerDirector-$1,380-$1,380
Gary S KangasPresident-$860-$860
John DixonTreasurer-$860-$860
Patrick DilleySecretary-$860-$860
David SimonsonVice President-$790-$790

Highest Paid Contractors

ContractorServicesLocationCompensation
Fiserv INCData Processing75 REMITTANCE DRIVE DEPT 1649, Chicago, IL 60675-1649$190,355
Revenue and Support

Revenue Composition

Contributions and Grants
$63,937
Program Service Revenue
$2,058,214
Investment Income
$2,485,621
Other Revenue
$0
Change in Net Assets
$2,561,131
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,324,030
Salaries, Compensation, and Employee Benefits$722,611
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$377,821
Fees for Services Accounting---$219,202
Fees for Services Other---$190,355
Office Expenses---$131,883
All Other Expenses---$127,953
Current Officers, Directors, Trustees, and Key Employees---$125,866
Pension Plan Contributions---$94,982
Other Employee Benefits---$82,901
Occupancy---$60,957
Payroll Taxes---$41,041
Insurance---$40,633
Other Expenses---$33,206
Advertising---$30,842
Payments to Affiliates---$20,583
Depreciation Depletion---$15,221
Fees for Services Legal---$4,407
Conferences and Meetings---$3,340
Total Functional Expenses$0$0$0$2,046,641
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
MEMBERS' SHARES AND DEPOSITS$85,897,115
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

“Hibbing cooperative credit union has members as specified by its bylaws.”

Form 990, Part VI, Section A, Line 7A

“Hibbing cooperative credit union members have the power to elect members of the governing body.”

Form 990, Part VI, Section A, Line 7B

“Hibbing cooperative credit union members have the power to appoint and remove members of the governing body.”

Form 990, Part VI, Section A, Line 8B

“Hibbing cooperative credit union does not have committees with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Form 990 is reviewed by management and a copy is provided to the board of directors prior to filing with the internal revenue service.”

Form 990, Part VI, Section C, Line 19

“Hibbing cooperative credit union (the credit union) makes its governing documents and financial statements available to the public upon request in the same time and manner as other disclosures required under internal revenue code section 6104. The credit union does not have a formal written conflict of interest policy.”

Filing and Contact Details

Filer

Filer Name
Hibbing Cooperative Credit Union
EIN
41-6029419
Phone
2182638815
Address
217 WEST 42ND STREET PO BOX 908, HIBBING, MN 55746-0908

Signing Officer

Name
Waylon Vitters
Title
Manager
Phone
2182638815
Signed
2025-03-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Waylon Vitters
Formed
1938
Legal Domicile
Mn
Voting Board Members
5
Independent Board Members
5
Employees
18
Volunteers
8

Preparer

Firm
Rsm US Llp
Address
4650 EAST 53RD STREET, DAVENPORT, IA 52807-3479
Preparer
Jenifer L Chase
Phone
5638884000
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in other comprehensive income 203,981.”

Raw XML Appendix355 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0313097
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0314321
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0HIBBING COOPERATIVE CREDIT UNION IS A STATE-CHARTERED COOPERATIVE ASSOCIATION ORGANIZED FOR THE PURPOSE OF PROMOTING THRIFT AMONG AND CREATING A SOURCE OF CREDIT FOR ITS MEMBERS.
IRS990/AdvertisingGrp/TotalAmt030842
IRS990/AllOtherExpensesGrp/TotalAmt0127953
IRS990/BackupWthldComplianceInd01
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IRS990/BooksInCareOfDetail/PhoneNum02182638815
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0217 WEST 42ND STREET PO BOX 908
IRS990/BooksInCareOfDetail/USAddress/CityNm0HIBBING
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990/BooksInCareOfDetail/USAddress/ZIPCd0557460908
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IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
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IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt01
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IRS990/CompensationProcessOtherInd00
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IRS990/ConservationEasementsInd00
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IRS990/ContractorCompensationGrp/CompensationAmt0190355
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0IL
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IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt063937
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt02485621
IRS990/CYOtherExpensesAmt01324030
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02058214
IRS990/CYRevenuesLessExpensesAmt02561131
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IRS990/CYTotalExpensesAmt02046641
IRS990/CYTotalFundraisingExpenseAmt00
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IRS990/CYTotalRevenueAmt04607772
IRS990/DecisionsSubjectToApprovaInd01
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/TotalAmt015221
IRS990/Desc0HIBBING 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.
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IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
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IRS990/Form990PartVIISectionAGrp/PersonNm1JOHN DIXON
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IRS990/Form990PartVIISectionAGrp/PersonNm3REX LENTNER
IRS990/Form990PartVIISectionAGrp/PersonNm4DAVID SIMONSON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt5MANAGER
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IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
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IRS990/OtherExpensesGrp/Desc2LOAN LOSS PROVISION
IRS990/OtherExpensesGrp/Desc3DIVIDENDS PAID TO MEMBE
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IRS990/PartialLiquidationInd00
IRS990/PaymentsToAffiliatesGrp/TotalAmt020583
IRS990/PayrollTaxesGrp/TotalAmt041041
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt094982
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0236093
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0226888
IRS990/PrincipalOfficerNm0WAYLON VITTERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522100
IRS990/ProgramServiceRevenueGrp/BusinessCd1518210
IRS990/ProgramServiceRevenueGrp/BusinessCd2522100
IRS990/ProgramServiceRevenueGrp/Desc0LOAN INTEREST
IRS990/ProgramServiceRevenueGrp/Desc1SERVICE CHARGES
IRS990/ProgramServiceRevenueGrp/Desc2OTHER INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01598410
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1428821
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt226192
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01598410
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1433612
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt226192
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt04791
IRS990/ProgSrvcAccomActy2Grp/Desc0HIBBING 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.
IRS990/ProgSrvcAccomActy3Grp/Desc0HIBBING COOPERATIVE CREDIT UNION OFFERS SHARE DRAFT ACCOUNTS TO OUR MEMBERS. ON 12/31/24, WE HAD $21,122,438 IN 4,005 ACCOUNTS.
IRS990/ProgSrvcAccomActyOtherGrp/Desc0HIBBING COOPERATIVE CREDIT UNION ALSO OFFERS HOME BANKING VIA THE INTERNET, VISA DEBIT CARDS, ATM, AND AUDIO RESPONSE (PHONE) FOR OUR MEMBERS' CONVENIENCE.
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt02162030
IRS990/PYOtherExpensesAmt01220574
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt01796122
IRS990/PYRevenuesLessExpensesAmt02105437
IRS990/PYSalariesCompEmpBnftPaidAmt0632141
IRS990/PYTotalExpensesAmt01852715
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03958152
IRS990/ReconcilationRevenueExpnssAmt02561131
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt014075988
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt016841100
IRS990/SavingsAndTempCashInvstGrp/BOYAmt070433742
IRS990/SavingsAndTempCashInvstGrp/EOYAmt066600424
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt00
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0684534
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0684534
IRS990ScheduleD/EquipmentGrp/BookValueAmt040086
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0447899
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0487985
IRS990ScheduleD/LandGrp/BookValueAmt027000
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt027000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt085897115
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MEMBERS' SHARES AND DEPOSITS
IRS990ScheduleD/TotalBookValueLandBuildingsAmt067086
IRS990ScheduleD/TotalLiabilityAmt085897115
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HIBBING COOPERATIVE CREDIT UNION HAS MEMBERS AS SPECIFIED BY ITS BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HIBBING COOPERATIVE CREDIT UNION MEMBERS HAVE THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2HIBBING COOPERATIVE CREDIT UNION MEMBERS HAVE THE POWER TO APPOINT AND REMOVE MEMBERS OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3HIBBING COOPERATIVE CREDIT UNION DOES NOT HAVE COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FORM 990 IS REVIEWED BY MANAGEMENT AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5HIBBING COOPERATIVE CREDIT UNION (THE CREDIT UNION) MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST IN THE SAME TIME AND MANNER AS OTHER DISCLOSURES REQUIRED UNDER INTERNAL REVENUE CODE SECTION 6104. THE CREDIT UNION DOES NOT HAVE A FORMAL WRITTEN CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6CHANGE IN OTHER COMPREHENSIVE INCOME 203,981.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XI, LINE 9:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0105085944
IRS990/TotalAssetsEOYAmt0103052536
IRS990/TotalAssetsGrp/BOYAmt0105085944
IRS990/TotalAssetsGrp/EOYAmt0103052536
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt063937
IRS990/TotalEmployeeCnt018
IRS990/TotalFunctionalExpensesGrp/TotalAmt02046641
IRS990/TotalGrossUBIAmt04791
IRS990/TotalLiabilitiesBOYAmt091009956
IRS990/TotalLiabilitiesEOYAmt086211436
IRS990/TotalLiabilitiesGrp/BOYAmt091009956
IRS990/TotalLiabilitiesGrp/EOYAmt086211436
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt014075988
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt016841100
IRS990/TotalOtherCompensationAmt013308
IRS990/TotalProgramServiceRevenueAmt02058214
IRS990/TotalReportableCompFromOrgAmt0112558
IRS990/TotalRevenueGrp/ExclusionAmt02485621
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02053423
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt04607772
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt04791
IRS990/TotalVolunteersCnt08
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0105085944
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0103052536
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd01
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0217 WEST 42ND STREET PO BOX 908
IRS990/USAddress/CityNm0HIBBING
IRS990/USAddress/StateAbbreviationCd0MN
IRS990/USAddress/ZIPCd0557460908
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0WWW.HCCU.NET
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0WAYLON VITTERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0MANAGER
ReturnHeader/BusinessOfficerGrp/PhoneNum02182638815
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HIBBING COOPERATIVE CREDIT UNION
ReturnHeader/Filer/BusinessNameControlTxt0HIBB
ReturnHeader/Filer/EIN0416029419
ReturnHeader/Filer/PhoneNum02182638815
ReturnHeader/Filer/USAddress/AddressLine1Txt0217 WEST 42ND STREET PO BOX 908
ReturnHeader/Filer/USAddress/CityNm0HIBBING
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd0557460908
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0420714325
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0RSM US LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04650 EAST 53RD STREET
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0DAVENPORT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0528073479
ReturnHeader/PreparerPersonGrp/PhoneNum05638884000
ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JENIFER L CHASE
ReturnHeader/ReturnTs02025-03-14T13:21:12-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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