2025-03-14T13:21:12-05:00 2024-12-31 420714325 RSM US LLP 4650 EAST 53RD STREET DAVENPORT IA 528073479 990 2024-01-01 416029419 HIBBING COOPERATIVE CREDIT UNION HIBB 2182638815 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 WAYLON VITTERS MANAGER 2182638815 2025-03-11 1 0 JENIFER L CHASE P01306883 5638884000 2025-03-11 2024 2025-03-06 01:10:19Z WAYLON VITTERS 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 4607772 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 18 8 4791 0 0 63937 1796122 2058214 2162030 2485621 0 0 3958152 4607772 0 0 0 0 632141 722611 0 0 0 1220574 1324030 1852715 2046641 2105437 2561131 105085944 103052536 91009956 86211436 14075988 16841100 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 HIBBING 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. HIBBING 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. HIBBING COOPERATIVE CREDIT UNION OFFERS SHARE DRAFT ACCOUNTS TO OUR MEMBERS. ON 12/31/24, WE HAD $21,122,438 IN 4,005 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 1 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 1688 0 1 18 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 860 0 0 JOHN DIXON TREASURER 0.30 X X 860 0 0 GARY S KANGAS PRESIDENT 0.30 X X 860 0 0 REX LENTNER DIRECTOR 0.30 X 1380 0 0 DAVID SIMONSON VICE PRESIDENT 0.30 X X 790 0 0 WAYLON VITTERS MANAGER 40.00 X 107808 0 13308 112558 0 13308 1 0 0 0 FISERV INC 75 REMITTANCE DRIVE DEPT 1649 CHICAGO IL 606751649 DATA PROCESSING 190355 1 63937 63937 LOAN INTEREST 522100 1598410 1598410 SERVICE CHARGES 518210 433612 428821 4791 OTHER INCOME 522100 26192 26192 2058214 2485621 2485621 4607772 2053423 4791 2485621 125866 377821 94982 82901 41041 4407 219202 190355 30842 131883 60957 3340 20583 15221 40633 ATM INTERCHANGE EXPENSE 255467 VISA CREDIT CARD EXPENS 144981 LOAN LOSS PROVISION 45000 DIVIDENDS PAID TO MEMBE 33206 127953 2046641 1404342 1471585 70433742 66600424 31563723 33028035 236093 226888 1199519 1132433 53062 67086 1394982 1658518 105085944 103052536 313097 314321 90696859 85897115 91009956 86211436 X 0 0 0 0 14075988 16841100 14075988 16841100 105085944 103052536 X 2561131 203981 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27000 27000 684534 684534 0 487985 447899 40086 67086 MEMBERS' SHARES AND DEPOSITS 85897115 85897115 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. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 203,981.