2017-11-09T15:33:25-06:00 2016-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2016-01-01 416029419 HIBBING COOPERATIVE CREDIT UNION HIBB 2182638815 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 WAYLON VITTERS MANAGER 2182638815 2017-11-06 1 GERALD B KISSELL P00092658 6123324300 69.174.87.132 2017-11-06 11:41:09 CS P 01563F10D6676BDC9B96404AA3206AA292B808E6 5AB5DFEC54AF030231DDAA57F2AFD57D98013E0B 2016 2021-01-29 14:40:06Z WAYLON VITTERS 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 1824299 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 11 8 3832 -2863 0 0 1463399 1394879 350411 429420 0 0 1813810 1824299 0 0 166897 168265 608977 586010 0 0 0 884385 908054 1660259 1662329 153551 161970 70734952 73046271 62747253 65247168 7987699 7799103 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 2,054 LOANS TO OUR MEMBERS IN 2016 THAT TOTALED $7,043,738. 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 12/31/16 OUR MEMBERS HAD ON DEPOSIT $53,043,008 IN 10,089 ACCOUNTS. WE OFFER SHARE DRAFT ACCOUNTS TO OUR MEMBERS. ON 12/31/16 WE HAD $11,477,280 IN 4,095 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 1937 0 1 11 1 1 1 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 1 1 0 X JOHN TAKALA 2182638815 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 GARY S KANGAS PRESIDENT 0.30 X X 720 0 0 DAVID SIMONSON VICE PRESIDENT 0.30 X X 720 0 0 JOHN DIXON TREASURER 0.30 X X 660 0 0 PATRICK DILLEY SECRETARY 0.30 X X 720 0 0 KEITH SARALAMPI DIRECTOR 0.30 X 0 0 0 REX LENTNER DIRECTOR 0.30 X 0 0 0 WAYLON VITTERS MANAGER 40.00 X 78134 0 6068 80954 0 6068 0 0 0 0 FISERV INC 75 REMITTANCE DRIVE SUITE 1649 CHICAGO IL 606751649 DATA PROCESSING 144006 1 LOAN INTEREST 522100 928285 928285 OTHER INCOME 522100 388243 384411 3832 SERVICE CHARGES AND OT 518210 78351 78351 1394879 429420 429420 1824299 1391047 3832 429420 168265 87889 326805 97182 41381 32753 8085 344679 19924 25161 73833 144006 47601 4500 45312 39671 POSTAGE 55321 ALLOWANCE FOR LOAN LOSS 53500 MISCELLANEOUS EXPENSE 28348 LEAGUE DUES 18113 1662329 606729 946500 50781430 53963714 18009323 17005653 59575 33237 1074272 943128 176456 131144 1101439 966023 70734952 73046271 139819 731857 62607434 64515311 62747253 65247168 X 0 0 0 0 7987699 7799103 7987699 7799103 70734952 73046271 X 161970 -350566 X 0 1 X 1 0 27000 27000 684534 623973 60561 362738 319155 43583 131144 MEMBERS' SHARES AND DEPOSITS 64515311 64515311 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 ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME -350,566.