Minnesota Ore Operations Employees Credit Union, Minnesota Ore Operations Emp Cu in Hibbing, Minnesota (MN)

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Minnesota Ore Operations Employees Credit Union, Minnesota Ore Operations Emp Cu
Employer Identification Number (EIN)410789908
Name of OrganizationMinnesota Ore Operations Employees Credit Union
Secondary NameMinnesota Ore Operations Emp Cu
Address2540 E Beltline Ste 1, Hibbing, MN 55746-2306
ActivitiesAssociation of employees, Other school related activities, Endowment fund or financial services
SubsectionCredit Union
Ruling Date09/1944
DeductibilityContributions are not deductible
FoundationAll organizations except 501(c)(3)
OrganizationAssociation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2010
Assets$5,000,000 to $9,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$8,680,585
Amount of Income$263,474
Form 990 Revenue Amount$263,474
National Taxonomy of Exempt Entities (NTEE)Public, Society Benefit - Multipurpose and Other: Credit Unions


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Amount of income in 2010: $263,474 (it was $219,562 in 2011)
This organization: 

 $263,474
Other organizations performing similar types of work: 

 $2,111,110

Assets in 2010: $8,680,585 (it was $8,683,812 in 2011)
This organization: 

 $8,680,585
Other organizations performing similar types of work: 

 $44,258,091

Expenses in 2011: $236,396
This organization: 

 $236,396
Other organizations performing similar types of work: 

 $2,228,839

Income to expenses ratio in 2011: 1.1
Minnesota Ore Operations Employees Credit Union, Minnesota Ore Operations Emp Cu: 

 1.1
Other organizations performing similar types of work: 

 1.2

Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$219,562
Contributions, Gifts, Grants and Other Similar Amounts$0
Program Service Revenue$103,975
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$115,587
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2011)
Total functional expenses$236,396
Compensation of current officers, directors, trustees, and key employees$53,947
Other salaries and wages$35,517
Payroll taxes$7,324
Professional fundraising services$0
Other$139,608
Balance Sheet (for 2011)
Total assets$8,683,812
Total liabilities$7,307,583
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$7,307,583
Total net assets or fund balances$1,376,229
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:Not provided
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Liberty Bay Credit Union350 Granite St Ste 1102, Braintree, MA 02184-4999MA1937-11$297,227,185
2State Chartered Credit Unions In Florida, Community Credit Union Of Florida1030 Us Highway 1, Rockledge, FL 32955-2716FL1972-02$25,357,945
3The Tennessee Credit Union1400 8th Ave S, Nashville, TN 37203-5007TN1952-06$10,842,718
4River Works Credit Union947 Western Ave, Lynn, MA 01905-2640MA1945-05$4,811,426
5Premier Source Credit Union232 N Main St, E Longmeadow, MA 01028-1803MA1942-03$3,568,321
6City Employees-Knoxville1720 Western Ave, Knoxville, TN 37921-6739TN1952-06$2,936,301
7Commonwealth Utilities Employees Credit Union312 Wareham Rd, Marion, MA 02738-1133MA1934-10$2,554,034
8Allcom Credit Union36 Park Ave, Worcester, MA 01609-1720MA1934-11$2,307,887
9Cranston Municipal Employees Credit Union1615 Pontiac Ave, Cranston, RI 02920-4491RI1988-05$2,111,110
10Elgin City Employees Credit Union1151 Lillian St, Elgin, IL 60123-7103IL1944-10$1,255,201
11Lowell Firefighters Credit Union642 Chelmsford St, Lowell, MA 01851-4724MA1945-02$579,133
12Knox County Employees Credit Union400 W Main St Rm 355, Knoxville, TN 37902-3707TN1952-06$436,326
13Maternity Bvm Credit UnionPO BOX 56, Bourbonnais, IL 60914-0056IL1957-05$275,461
14Courier-Journal & Times Credit Union Inc525 W Broadway, Louisville, KY 40202-2206KY1938-05$270,632
15Minnesota Ore Operations Employees Credit Union, Minnesota Ore Operations Emp Cu2540 E Beltline Ste 1, Hibbing, MN 55746-2306MN1944-09$263,474
16National Institute For State Credit Union Examination1655 Fort Myer Dr Ste 650, Arlington, VA 22209-3199VA1983-07$170,771
17Michigan Credit Union Foundation38695 7 Mile Rd Ste 200, Livonia, MI 48152-7097MI1957-02$117,305
18Haverhill Credit UnionPO BOX 7008, Lowell, MA 01852-0008MA$34,312
19Morton Credit Union Inc88 Washington St, Taunton, MA 02780-2465MA$0
20Oregon Hunters Association, Clatsop County Chapter1815 Hanover St, Astoria, OR 97103-5609OR1994-02$0
Number of organizations performing similar types of work
Florida1
Illinois2
Kentucky1
Massachusetts8
Michigan1
Minnesota1
Oregon1
Rhode Island1
Tennessee3
Texas1
Virginia1
Total21
20 biggest affiliated organizations
AffiliationNameAddressStateEstablishedTotal Income
CentralCredit Unions In The State Of Minnesota, Commerce Dept Dvsn Financial Exams85 7th Pl E Ste 500, St Paul, MN 55101-2198MN1944-09$0
SubordinateWings Financial Credit Union14985 Glazier Ave, Apple Valley, MN 55124-7484MN1944-09$304,590,728
SubordinateRichfield-Bloomington Credit Union345 E 77th St, Richfield, MN 55423-4312MN1944-09$32,765,082
SubordinateSt Paul Postal Employees Credit, Ideal Credit Union8499 Tamarack Rd, Woodbury, MN 55125-9201MN1944-09$27,374,758
SubordinateCity & County Credit Union144 11th St E, Saint Paul, MN 55101-2380MN1944-09$26,723,866
SubordinateMembers Cooperative Credit Union101 14th St, Cloquet, MN 55720-1903MN1944-09$20,876,750
SubordinateMinnco Credit Union235 1st Ave W, Cambridge, MN 55008-1528MN1944-09$13,313,594
SubordinateAnoka Hennepin Credit Union3505 Northdale Blvd, Coon Rapids, MN 55448-4501MN1944-09$8,256,181
SubordinateAccentra Credit Union400 4th Ave Ne, Austin, MN 55912-3372MN1944-09$8,121,084
SubordinateFirst Alliance Credit Union320 Alliance Pl Ne, Rochester, MN 55906-3975MN1944-09$7,924,783
SubordinateCo-Op Credit Union Of MontevideoPO BOX 447, Montevideo, MN 56265-0447MN1944-09$6,138,168
SubordinateUnited Educators Credit Union14989 Florence Trl, Apple Valley, MN 55124-4629MN1944-09$5,628,813
SubordinateDawson Coop Credit UnionPO BOX 1002, Dawson, MN 56232-1002MN1944-09$5,369,641
SubordinateNovation Credit Union500 Imperial Ave N, Oakdale, MN 55128-7151MN1944-09$5,114,348
SubordinateHeartland Credit Union5500 S Robert Trl, Inver Grove, MN 55077-1445MN1944-09$4,781,233
SubordinateAssociated Healthcare Credit Union, Ford Road Medical Center360 Sherman St Ste B10, Saint Paul, MN 55102-2577MN1944-09$4,758,745
SubordinateFinancial One Credit Union843 40th Ave Ne, Columbia Hts, MN 55421-2906MN1944-09$4,634,240
SubordinateNorthwoods Credit Union1702 Avenue B, Cloquet, MN 55720-1958MN1944-09$4,463,521
SubordinateMinnesota Power Employees Credit Union, Minnesota Power Empls30 W Superior St, Duluth, MN 55802-2191MN1944-09$4,263,942
SubordinateDuluth Teachers Credit Union, American Association Of University Women11 W Second Street, Duluth, MN 55802MN1944-09$3,664,707
Number of affiliated organizations
Minnesota98
Texas1
Total99

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