2016-08-15T15:49:13-05:00 2015-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2015-01-01 416029419 HIBBING COOPERATIVE CREDIT UNION HIBB 2182638815 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 WAYLON VITTERS MANAGER 2182638815 2016-08-15 1 GERALD B KISSELL P00092658 6123324300 2015 2016-09-27 15:27:22Z WAYLON VITTERS 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 1813810 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 14 8 3820 -4333 0 0 1533933 1463399 264762 350411 0 0 1798695 1813810 0 0 178239 166897 641583 608977 0 0 0 859575 884385 1679397 1660259 119298 153551 69446665 70734952 61666242 62747253 7780423 7987699 X HIBBING COOPERATIVE CREDIT UNION (HCCU) 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 HCCU MADE 2,232 LOANS TO OUR MEMBERS IN 2015 THAT TOTALED $7,623,743. WE MAKE LOANS TO BUY NEW AND USED VEHICLES, RECREATIONAL ITEMS, HOUSEHOLD ITEMS AND FOR ANY GOOD PURPOSE. WE ALSO MAKE HOME EQUITY LOANS AND OFFER VISA CREDIT CARDS. HCCU OFFERS VARIOUS TYPES OF SAVINGS PRODUCTS TO OUR MEMBERS. AT 12/31/15 OUR MEMBERS HAD ON DEPOSIT $51,242,388 IN 10,281 ACCOUNTS. HCCU OFFERS SHARE DRAFT ACCOUNTS TO OUR MEMBERS. AT 12/31/15 WE HAD $11,368,924 IN 4,083 ACCOUNTS. HCCU ALSO OFFERS HOME BANKING VIA THE INTERNET, VISA DEBIT CARDS, ATM, AND AUDIO RESPONSE (PHONE) FOR OUR MEMBERS' CONVENIENCE. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 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 1 1957 0 1 14 1 1 1 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 0 0 0 1 1 0 X JOHN TAKALA 2182638815 217 WEST 42ND STREET PO BOX 908 HIBBING MN 557460908 GARY S KANGAS PRESIDENT 0.30 X X 660 0 0 DAVID SIMONSON VICE PRESIDENT 0.30 X X 660 0 0 DARRELL MAKI SECRETARY UNTIL 2/2015 0.30 X X 0 0 0 PATRICK DILLEY SECRETARY 0.30 X X 660 0 0 JOHN DIXON TREASURER 0.30 X X 660 0 0 KEITH SARALAMPI DIRECTOR 0.30 X 0 0 0 WAYLON VITTERS MANAGER 40.00 X 75481 0 6194 78121 0 6194 0 0 0 0 FISERV INC 75 REMITTANCE DRIVE SUITE 1649 CHICAGO IL 606751649 DATA PROCESSING 142141 1 LOAN INTEREST 522100 999860 999860 OTHER INCOME 522100 385404 381584 3820 SERVICE CHARGES AND OT 518210 78135 78135 1463399 350411 350411 1813810 1459579 3820 350411 166897 85183 336520 60164 93064 34046 21167 339084 20858 24879 76244 142141 43232 4470 42577 38224 POSTAGE 49556 ALLOWANCE FOR LOAN LOSS 35000 MISCELLANEOUS EXPENSE 28320 LEAGUE DUES 18633 1660259 857396 606729 48674751 50781430 18561848 18009323 65343 59575 1074272 897816 187863 176456 1099464 1101439 69446665 70734952 137346 139819 61528896 62607434 61666242 62747253 X 0 0 0 0 7780423 7987699 7780423 7987699 69446665 70734952 X 153551 53725 X 0 1 X 1 0 27000 27000 684534 593693 90841 362738 304123 58615 176456 MEMBERS' SHARES AND DEPOSITS 62607434 62607434 X 1813810 0 1813810 0 1813810 1660260 0 1660260 0 1660260 PART X, LINE 2: THE CREDIT UNION BELIEVES THAT ITS INCOME TAX FILING POSITIONS AND DEDUCTIONS WILL BE SUSTAINED ON AUDIT AND DOES NOT ANTICIPATE ANY ADJUSTMENTS THAT WILL RESULT IN A MATERIAL CHANGE TO ITS FINANCIAL CONDITION. THEREFORE, NO RESERVES FOR UNCERTAIN INCOME TAX POSITIONS HAVE BEEN RECORDED PURSUANT TO APPLICABLE GUIDANCE. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS REVIEWED BY MANAGEMENT AND A COPY IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 15 EACH YEAR THE BOARD OF DIRECTORS SETS COMPENSATION FOR ALL EMPLOYEES. AT THE ANNUAL MEETING MEMBERSHIP SETS COMPENSATION FOR THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED IN THE LOBBY FOR REVIEW AND AT THE NCUA WEBSITE. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). FORM 990, PART XI, LINE 9: NET CHANGE IN UNRECOGNIZED PENSION LOSSES AND TRANSITION OBLIGATION 53,725.