Hibbing Co-op Credit Union
501(c)(14)
Only null% goes to programs Strong reserves Growing revenue
Hibbing Co-op Credit Union is a 501(c)(14) organization based in Hibbing, Minnesota, registered in 1944, with $4,950,073 in FY2025 revenue. CharityIndex grades it B.
217 W 42nd St, Hibbing, MN, 55746 EIN 41-6029419 Since 1944
Revenue (FY2025)
$5.0M
▲ 7.4% vs prior year
Expenses (FY2025)
$2.3M
Net assets
$19.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Hibbing Co-op Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating101 mo reserves · +53% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hibbing Co-op Credit Union: 101 mo reserves · +53% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Hibbing Co-op Credit Union— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hibbing Co-op Credit Union: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
Financial trends
Revenue grew from $1.8M (FY2013) to $5.0M (FY2025) across 13 reported years.
Financial snapshot
Financial health & position (FY2025)
Liabilities $87.3MNet assets $19.3M
Operating margin
53.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$106.7M
Total liabilities
$87.3M
Net assets
$19.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2025 | $4,950,073▲7.4% | $2,305,539▲12.6% | $19,348,997▲14.9% | $106,665,130▲3.5% | 990 |
| 2024 | $4,607,772▲16.4% | $2,046,641▲10.5% | $16,841,100▲19.6% | $103,052,536▼1.9% | 990 |
| 2023 | $3,958,152▲42.1% | $1,852,715▲2.9% | $14,075,988▲18.6% | $105,085,944▼4.7% | 990 |
| 2022 | $2,786,287▲29.9% | $1,800,837▲2.9% | $11,867,474▲12.0% | $110,217,749▲1.5% | 990 |
| 2021 | $2,144,165▼8.3% | $1,750,422▼6.0% | $10,591,523▲4.7% | $108,549,436▲8.9% | 990 |
| 2020 | $2,339,189▼16.9% | $1,861,265▲0.7% | $10,116,903▲4.0% | $99,660,751▲20.0% | 990 |
| 2019 | $2,815,439▲12.4% | $1,847,763▲1.4% | $9,729,700▲9.0% | $83,061,847▲4.1% | 990 |
| 2018 | $2,505,798▲24.0% | $1,822,509▲4.1% | $8,926,852▲8.4% | $79,816,422▲4.4% | 990 |
| 2017 | $2,021,096▲10.8% | $1,751,083▲5.3% | $8,234,606▲5.6% | $76,472,782▲4.7% | 990 |
| 2016 | $1,824,299▲0.6% | $1,662,329▲0.1% | $7,799,103▼2.4% | $73,046,271▲3.3% | 990 |
| 2015 | $1,813,810▲0.8% | $1,660,259▼1.1% | $7,987,699▲2.7% | $70,734,952▲1.9% | 990 |
| 2014 | $1,798,695▲0.8% | $1,679,397▼3.5% | $7,780,423▲3.1% | $69,446,665▲3.5% | 990 |
| 2013 | $1,784,769 | $1,741,014▲1.3% | $7,543,652▲2.2% | $67,109,339▲5.2% | 990 |
| 2012 | — | $1,718,981▼2.0% | $7,383,357▲0.6% | $63,798,761▲11.4% | 990 |
| 2011 | — | $1,754,241▼14.2% | $7,337,079▲1.7% | $57,256,781▲6.4% | 990 |
| 2010 | — | $2,043,425 | $7,215,196 | $53,819,836 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Frequently asked questions
- Is Hibbing Co-op Credit Union a legitimate nonprofit?
- Yes. Hibbing Co-op Credit Union is a 501(c)(14) organization registered with the U.S. Internal Revenue Service under EIN 41-6029419, based in Hibbing, Minnesota.
- What is Hibbing Co-op Credit Union's EIN?
- Hibbing Co-op Credit Union's Employer Identification Number (EIN) is 41-6029419.
- How much revenue does Hibbing Co-op Credit Union report?
- Hibbing Co-op Credit Union reported $4,950,073 in total revenue on its fiscal year 2025 IRS Form 990 filing.
- What financial grade does Hibbing Co-op Credit Union have?
- CharityIndex grades Hibbing Co-op Credit Union B, based on financial health (reserves and operating margin).
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Data for Hibbing Co-op Credit Union (EIN 41-6029419) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.