Sep, 30, 2025 — HIBBING COOPERATIVE CREDIT UNION is a federally insured state chartered credit union headquartered in HIBBING, MN with 1 branch location and about $105.49 million in total assets. Opened 88 years ago in 1938, HIBBING COOPERATIVE CREDIT UNION has about 8,097 members and employs 12 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIBBING COOPERATIVE CREDIT UNION |
|---|---|
| Address: (Main Office) | 217 W 42nd St HIBBING, MN 55746 |
| Phone: | (218) 263-8815 |
| Fax: | (218) 263-5078 |
| Website: | https://www.hccu.net |
| Branches: | 1 branch locations |
| Members: | 8,097 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60164 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1938 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $105,488,330 |
| CEO/Manager: | Waylon T Vitters |
| Chairperson: | Gary S Kangas |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 9,494,788 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 7,511,605 |
| Unsecured Loans | 1,048,253 |
| Other Loans | 24,515,001 |
| TOTAL LOANS | 33,074,859 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -222,766 |
| Land And Building | 27,000 |
| Other Fixed Assets | 67,446 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 847,626 |
| All Other Assets | 0 |
| TOTAL ASSETS | 105,488,330 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,340 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 60,668 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 21,212,886 |
| Regular shares | 61,052,801 |
| All Other Shares & Deposits | 4,376,553 |
| TOTAL SHARES & DEPOSITS | 86,642,238 |
| TOTAL LIABILITIES | 86,704,246 |
| Regular Reserve | 0 |
| Other Reserves | 791,552 |
| Undivided Earnings | 17,992,532 |
| TOTAL EQUITY | 18,784,084 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 105,488,330 |
| INCOME & EXPENSE | |
| Loan Income | 1,297,867 |
| Investment Income | 1,972,188 |
| Other Income | 248,701 |
| Total Employee Compensation & Benefits | 567,726 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 975,537 |
| Non-operating Income & (Expense) | 0 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 60,000 |
| Cost of Funds | 72,254 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 2,064,976 |
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