2022-11-02T16:43:03-05:00 2021-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2021-01-01 416029419 HIBBING COOPERATIVE CREDIT UNION HIBB 2182638815 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 WAYLON VITTERS MANAGER 2182638815 2022-11-01 1 WAYLON VITTERS 999009999 JENIFER L CHASE P01306883 5638884000 2022-11-01 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z WAYLON VITTERS 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 2144165 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 13 7 6844 0 0 0 1532550 1815705 806639 328460 0 0 2339189 2144165 0 0 184506 98470 704047 702069 0 0 0 972712 949883 1861265 1750422 477924 393743 99660751 108549436 89543848 97957913 10116903 10591523 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 MADE 1,145 LOANS TO OUR MEMBERS IN 2021 THAT TOTALED $9,409,882. WE MAKE LOANS TO BUY NEW AND USED VEHICLES, RECREATIONAL ITEMS, HOUSEHOLD ITEMS AND FOR ANY GOOD PURPOSE. WE ALSO MAKE HOME EQUITY LOANS AND OFFER VISA CREDIT CARDS. WE OFFER VARIOUS TYPES OF SAVINGS PRODUCTS TO OUR MEMBERS. ON 12/31/21 OUR MEMBERS HAD ON DEPOSIT $77,921,908 IN 9,309 ACCOUNTS. WE OFFER SHARE DRAFT ACCOUNTS TO OUR MEMBERS. ON 12/31/21 WE HAD $19,472,378 IN 4,172 ACCOUNTS. HCCU 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 1742 0 1 13 1 1 1 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 0 0 0 MN X JESSIE RUTHERFORD 2182638815 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 GARY S KANGAS PRESIDENT 0.30 X X 770 0 0 DAVID SIMONSON VICE PRESIDENT 0.30 X X 630 0 0 JOHN DIXON TREASURER 0.30 X X 770 0 0 PATRICK DILLEY SECRETARY 0.30 X X 770 0 0 REX LENTNER DIRECTOR 0.30 X 1260 0 0 WAYLON VITTERS MANAGER 40.00 X 95896 0 11006 100096 0 11006 0 0 0 0 FISERV INC 75 REMITTANCE DRIVE DEPT 1649 CHICAGO IL 606751649 DATA PROCESSING 163432 1 LOAN INTEREST 522100 1012799 1012799 SERVICE CHARGES 518210 451294 444450 6844 OTHER INCOME 522100 351612 351612 1815705 328460 328460 2144165 1808861 6844 328460 98470 111102 360206 138310 56237 36214 6752 428944 27535 118213 163432 54958 945 18209 18735 40269 CREDIT REPORTS 13514 STATE EXAMINATION FEES 12000 46377 1750422 941261 1099040 72772141 83896584 24482699 22040628 96751 88071 1141968 1093308 67395 48660 1300504 1376453 99660751 108549436 744081 566396 88799767 97391517 89543848 97957913 X 0 0 0 0 10116903 10591523 10116903 10591523 99660751 108549436 X 393743 80877 X X 0 0 0 27000 27000 684534 684534 0 430434 408774 21660 48660 MEMBERS' SHARES AND DEPOSITS 97391517 97391517 FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. 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 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY FOR REVIEW AND AT THE NCUA WEBSITE. FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). THE CREDIT UNION DOES NOT HAVE A FORMAL WRITTEN CONFLICT OF INTEREST POLICY. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 80,877. 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.