2023-08-03T13:39:22-05:00 2022-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2022-01-01 416029419 HIBBING COOPERATIVE CREDIT UNION HIBB 2182638815 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 WAYLON VITTERS MANAGER 2182638815 2023-08-01 1 WAYLON VITTERS 999009999 0 JENIFER L CHASE P01306883 5638884000 2023-08-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z WAYLON VITTERS 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 2786287 0 X WWW.HCCU.NET X 1938 MN 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. 5 5 16 8 8085 0 0 0 1815705 1667714 328460 1118573 0 0 2144165 2786287 0 0 98470 73453 702069 704894 0 0 0 949883 1022490 1750422 1800837 393743 985450 108549436 110217749 97957913 98350275 10591523 11867474 X 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. 0 0 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 VARIOUS TYPES OF SAVINGS PRODUCTS TO OUR MEMBERS. ON 12/31/22 OUR MEMBERS HAD ON DEPOSIT $77,991,525 IN 13,398 ACCOUNTS. WE OFFER SHARE DRAFT ACCOUNTS TO OUR MEMBERS. ON 12/31/22 WE HAD $20,026,950 IN 4,086 ACCOUNTS. HIBBING COOPERATIVE CREDIT UNION ALSO OFFERS HOME BANKING VIA THE INTERNET, VISA DEBIT CARDS, ATM, AND AUDIO RESPONSE (PHONE) FOR OUR MEMBERS' CONVENIENCE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1491 0 1 16 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 0 0 0 1 0 0 0 0 0 0 X JESSIE RUTHERFORD 2182638815 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 PATRICK DILLEY SECRETARY 0.30 X X 770 0 0 JOHN DIXON TREASURER 0.30 X X 840 0 0 GARY S KANGAS PRESIDENT 0.30 X X 840 0 0 REX LENTNER DIRECTOR 0.30 X 1280 0 0 DAVID SIMONSON VICE PRESIDENT 0.30 X X 770 0 0 WAYLON VITTERS MANAGER 40.00 X 98768 0 11373 103268 0 11373 0 0 0 0 FISERV INC 75 REMITTANCE DRIVE DEPT 1649 CHICAGO IL 606751649 DATA PROCESSING 161128 1 LOAN INTEREST 522100 1001791 1001791 SERVICE CHARGES 518210 462259 454174 8085 OTHER INCOME 522100 183664 183664 LOAN LOSS RECOVERY 522100 20000 20000 1667714 1118573 1118573 2786287 1659629 8085 1118573 73453 114641 362214 130261 58158 39620 17371 112504 161128 28121 122406 72066 980 19534 15043 42770 ATM INTERCHANGE EXPENSE 221266 VISA CREDIT CARD EXPENS 114589 CREDIT REPORTS 15051 STATE EXAMINATION FEES 12000 67661 1800837 1099040 1169756 83896584 81972614 22040628 25343626 88071 250968 1153765 1108351 48660 45414 1376453 1435371 108549436 110217749 566396 331800 97391517 98018475 97957913 98350275 X 0 0 0 0 10591523 11867474 10591523 11867474 108549436 110217749 X 985450 290501 X X 0 0 0 27000 27000 684534 684534 0 442231 423817 18414 45414 MEMBERS' SHARES AND DEPOSITS 98018475 98018475 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 THE MEMBERS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B COMPENSATION OF THE DIRECTORS AND OFFICERS, OTHER THAN THAT OF THE MANAGER AND EMPLOYEES, SHALL BE DETERMINED BY THE MEMBERS AT ANY REGULAR OR SPECIAL MEETING. 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 IRS. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR THE BOARD OF DIRECTORS SETS COMPENSATION FOR ALL EMPLOYEES. AT THE ANNUAL MEETING MEMBERSHIP SETS COMPENSATION FOR THE BOARD OF DIRECTORS. 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. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 290,501. FORM 990, PART IV, LINE 12A & PART XII, LINE 2B THE ORGANIZATION'S FINANCIAL STATEMENTS ARE AUDITED ON A SEPARATE BASIS BY AN INDEPENDENT ACCOUNTANT. HOWEVER, THE FINANCIAL STATEMENTS ARE AUDITED ON A FISCAL YEAR-END BASIS OF JUNE 30TH, WHILE THE ORGANIZATION'S TAX YEAR-END IS DECEMBER 31ST.