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Filing year 2024

HIBBING COOPERATIVE CREDIT UNION

Hibbing, Minnesota·EIN 41-6029419·501(c)(14)
Total revenue
$4.6M
Total assets
$103.1M
Total expenses
$2M
Reported officers
6
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.

Executive compensation

Form 990 · Part VII & Schedule J · 6 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Manager
Officer (Unspecified)
$121k
$130k
Director
Board Member
10th to 25th percentile
$1k
$1k
Secretary
Officer (Unspecified)
$860
$925
Treasurer
Officer (Unspecified)
$860
$925
President
Below 10th percentile
$860
$925
Vice President
Below 10th percentile
$790
$850

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Up 6%
from 2023

From $114k in 2023 to $121k in 2024.

$114k
2023
$121k
2024
In today's dollarsEst.
Up 3% in real terms$126k to $130k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay rose 10% from 2023 to 2024, while revenue rose 16%.

$1k in 2023 to $1k in 2024.
  • Chief Executive Officer pay rose 2% from 2023 to 2024.
  • Vice President pay rose 3% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

HIBBING COOPERATIVE CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$4M
$1.9M
2023
$4.6M
$2M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about HIBBING COOPERATIVE CREDIT UNION

What does the Board Member of HIBBING COOPERATIVE CREDIT UNION earn?

In 2024, the Board Member of HIBBING COOPERATIVE CREDIT UNION received $1,380 in total compensation. This pay is in the bottom quarter for Board Member roles among nonprofits nationwide, across all sectors, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Board Member pay at HIBBING COOPERATIVE CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Member at HIBBING COOPERATIVE CREDIT UNION falls between the 10th and 25th percentiles.

What are HIBBING COOPERATIVE CREDIT UNION's revenue and expenses?

In 2024, HIBBING COOPERATIVE CREDIT UNION reported $4.6M in total revenue and $2M in total expenses on its IRS Form 990.

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