NonprofitsHibbing Co-Op Credit Union

Hibbing Co-Op Credit Union

HIBBING, MN

Total revenue

$4.6M

Total expenses

$2.0M

Net assets

$16.8M

Grants received

EIN

416029419

Tax year

2024

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.

Programs

3 programs

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.

Financials

FY 2024

Revenue

Contributions & grants$64K
Program service revenue$2.1M
Investment income$2.5M
Other revenue
Total revenue$4.6M

Expenses

Grants paid
Salaries & benefits$723K
Fundraising
Other expenses$1.3M
Total expenses$2.0M
Total assets$103.1M
Net assets$16.8M

People

6 listed

NameRoleCompensation

WAYLON VITTERS

MANAGER

Board

$108K

40 hrs/wk

REX LENTNER

DIRECTOR

Board

$1K

0.3 hrs/wk

PATRICK DILLEY

SECRETARY

Board

$860

0.3 hrs/wk

JOHN DIXON

TREASURER

Board

$860

0.3 hrs/wk

GARY S KANGAS

PRESIDENT

Board

$860

0.3 hrs/wk

DAVID SIMONSON

VICE PRESIDENT

Board

$790

0.3 hrs/wk

Independent contractors

FISERV INC

DATA PROCESSING

$190K

Details

EIN416029419
Subsection14
Ruling date1944-09
Formed1938
Employees18
Volunteers8
HIBBING CO-OP CREDIT UNION — Mission, Financials & Grants Received | Grantivo