Nonprofit · EIN 41-6029419
HIBBING CO-OP CREDIT UNION
Tax-exempt · HIBBING, MN 55746
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,950,073 | $2,305,539 | $2,644,534 | $106,665,130 | $87,316,133 | $19,348,997 |
| December 31, 2024 | 990 | $4,607,772 | $2,046,641 | $2,561,131 | $103,052,536 | $86,211,436 | $16,841,100 |
| December 31, 2023 | 990 | $3,958,152 | $1,852,715 | $2,105,437 | $105,085,944 | $91,009,956 | $14,075,988 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $134,875
- of which government grants
- $134,875
- Program service revenue
- $2,193,027
- Investment income
- $2,622,171
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $136,263
- Other salaries and wages
- $445,304
- Salaries, compensation and benefits (total)
- $773,736
- Professional fundraising fees
- $0
- Legal fees
- $8,042
- Accounting fees
- $294,396
- Occupancy
- $81,506
- Depreciation
- $21,828
Balance sheet and other
- Total assets, start of year
- $103,052,536
- Total assets, end of year
- $106,665,130
- Total liabilities, end of year
- $87,316,133
- Net assets, end of year
- $19,348,997
- Land, buildings and equipment
- $121,921
- Gross unrelated business income
- $3,366
- Gross receipts
- $4,950,073
- Employees
- 14
- Volunteers
- 8
- Year formed
- 1938
- State of legal domicile
- MN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WAYLON VITTERS | CEO Officer | 40 | $116,702 | $15,041 |
| REX LENTNER | DIRECTOR Trustee or director | 0.3 | $1,320 | $0 |
| PATRICK DILLEY | SECRETARY Trustee or director, Officer | 0.3 | $880 | $0 |
| GARY S KANGAS | PRESIDENT Trustee or director, Officer | 0.3 | $880 | $0 |
| JOHN DIXON | TREASURER Trustee or director, Officer | 0.3 | $800 | $0 |
| DAVID SIMONSON | VICE PRESIDENT Trustee or director, Officer | 0.3 | $640 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WAYLON VITTERS | MANAGER Officer | 40 | $107,808 | $13,308 |
| REX LENTNER | DIRECTOR Trustee or director | 0.3 | $1,380 | $0 |
| PATRICK DILLEY | SECRETARY Trustee or director, Officer | 0.3 | $860 | $0 |
| JOHN DIXON | TREASURER Trustee or director, Officer | 0.3 | $860 | $0 |
| GARY S KANGAS | PRESIDENT Trustee or director, Officer | 0.3 | $860 | $0 |
| DAVID SIMONSON | VICE PRESIDENT Trustee or director, Officer | 0.3 | $790 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WAYLON VITTERS | MANAGER Officer | 40 | $102,771 | $11,679 |
| REX LENTNER | DIRECTOR Trustee or director | 0.3 | $1,260 | $0 |
| GARY S KANGAS | PRESIDENT Trustee or director, Officer | 0.3 | $840 | $0 |
| PATRICK DILLEY | SECRETARY Trustee or director, Officer | 0.3 | $770 | $0 |
| DAVID SIMONSON | VICE PRESIDENT Trustee or director, Officer | 0.3 | $770 | $0 |
| JOHN DIXON | TREASURER Trustee or director, Officer | 0.3 | $630 | $0 |
Address and contacts
- Address (IRS master file)
- 217 W 42ND ST, HIBBING, MN 55746-3024
- Principal officer (990 for 2025)
- WAYLON VITTERS, 217 WEST 42ND STREET PO BOX 908, HIBBING, MN 557460908
- Signed the 990
- WAYLON VITTERS, CEO
- Phone
- (218) 263-8815
- Website
- WWW.HCCU.NET
- Return prepared by
- RSM US LLP
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.
Program accomplishments
- HIBBING COOPERATIVE CREDIT UNION (THE CREDIT UNION) GENERATED 958 LOANS TO OUR MEMBERS IN 2025 THAT TOTALED $13,254,434. 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 12/31/25, OUR MEMBERS HAD ON DEPOSIT $65,859,425 IN 8,850 ACCOUNTS.
- HIBBING COOPERATIVE CREDIT UNION OFFERS SHARE DRAFT ACCOUNTS TO OUR MEMBERS. ON 12/31/25, WE HAD $21,154,088 IN 3,965 ACCOUNTS.
- HIBBING COOPERATIVE CREDIT UNION ALSO OFFERS HOME BANKING VIA THE INTERNET, VISA DEBIT CARDS, ATM, AND AUDIO RESPONSE (PHONE) FOR OUR MEMBERS' CONVENIENCE.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 41-6029419
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1944
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0708: CREDIT UNIONS IN THE STATE OF MINNESOTA
- Assets (IRS master file)
- $106,665,130
- Income (IRS master file)
- $4,950,073
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,950,073 | $2,305,539 | $106,665,130 | XML |
| 990 | December 2024 | $4,607,772 | $2,046,641 | $103,052,536 | XML |
| 990 | December 2023 | $3,958,152 | $1,852,715 | $105,085,944 | XML |
| 990 | December 2022 | $2,786,287 | $1,800,837 | $110,217,749 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 41-6029419).
Questions about HIBBING CO-OP CREDIT UNION
- What is the EIN of HIBBING CO-OP CREDIT UNION?
- The employer identification number (EIN) of HIBBING CO-OP CREDIT UNION is 41-6029419.
- Is HIBBING CO-OP CREDIT UNION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1944.
- Are donations to HIBBING CO-OP CREDIT UNION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HIBBING CO-OP CREDIT UNION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HIBBING CO-OP CREDIT UNION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HIBBING CO-OP CREDIT UNION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of HIBBING CO-OP CREDIT UNION?
- The 990 for the year ended December 31, 2025 names WAYLON VITTERS.
- Who are the officers and directors of HIBBING CO-OP CREDIT UNION?
- The 990 for the year ended December 31, 2025 lists 6 people; 6 received compensation from the organization, the highest $116,702 (WAYLON VITTERS, CEO).
- How much revenue does HIBBING CO-OP CREDIT UNION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,950,073, expenses of $2,305,539 and total assets of $106,665,130 at year end.
Other nonprofits in HIBBING
- RANGE REGIONAL HEALTH SERVICES EIN 41-1293970 · last filed 990 for 2024
- ACCESS NORTH CENTER FOR INDEPENDENT LIVING OF NORTHEASTERN MINNESOTA EIN 41-1425959 · last filed 990 for 2025
- GUARDIAN ANGELS HEALTH AND REHABILITATION CENTER EIN 41-1810369 · last filed 990 for 2025
- KIDDY KAROUSEL DAY CARE CENTER EIN 41-1236276 · last filed 990 for 2024
- ARSHER CHARITABLE TRUST EIN 41-6331441 · last filed 990-PF for 2025
- UAW LOCAL 241 HEALTH AND WELFARE FUND EIN 46-4422414 · last filed 990 for 2025
- MESABA COUNTRY CLUB EIN 41-0407365 · last filed 990 for 2025
- VICTORY CHRISTIAN ACADEMY INC EIN 41-1637037 · last filed 990 for 2025