Hibbing Co-Op Credit Union
Public records raise at least one point you should look into before giving.
What it says it does
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.
- Income
- $5.0 million
- Spending
- $2.3 million
- Employees
- 14
- Volunteers
- 8
- Highest pay
- $131,743, ceo
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (4)
- 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.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(14) credit union.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(14) credit union as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1944.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.