Mar, 31, 2022 — HIGHMARK FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 5 branch locations and about $208.56 million in total assets. Opened 82 years ago in 1940, HIGHMARK FEDERAL CREDIT UNION has about 12,714 members and employs 57 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIGHMARK FEDERAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 725 5th St RAPID CITY, SD 57701 |
| Phone: | (605) 716-4444 |
| Fax: | (605) 343-4927 |
| Website: | http://www.highmarkfcu.com |
| Branches: | 5 branch locations |
| Members: | 12,714 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 4122 |
|---|---|
| Membership Type: | Community - Rural District |
| Corporate Credit Union: | No |
| Year Opened: | 1940 |
| Last Audited: | Sep 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $208,561,013 |
| CEO/Manager: | John A Carlson |
| Chairperson: | Dana West |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 3,342,586 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 643,075 |
| Real Estate Loans | 67,335,457 |
| Unsecured Loans | 3,268,238 |
| Other Loans | 103,160,734 |
| TOTAL LOANS | 173,764,429 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -632,633 |
| Land And Building | 3,977,612 |
| Other Fixed Assets | 795,191 |
| NCUSIF Deposit | 1,533,759 |
| All Other Assets | 68,672 |
| TOTAL ASSETS | 208,561,013 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 23,877 |
| Notes & Interest Payable | 5,150,000 |
| Accounts Payable & Other Liabilities | 3,244,652 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,100,000 |
| Share Drafts | 61,427,898 |
| Regular shares | 68,723,809 |
| All Other Shares & Deposits | 51,557,244 |
| TOTAL SHARES & DEPOSITS | 181,708,951 |
| TOTAL LIABILITIES | 193,227,480 |
| Regular Reserve | 0 |
| Other Reserves | 2,917,755 |
| Undivided Earnings | 12,415,778 |
| TOTAL EQUITY | 15,333,533 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 208,561,013 |
| INCOME & EXPENSE | |
| Loan Income | 1,968,035 |
| Investment Income | 56,361 |
| Other Income | 339,618 |
| Total Employee Compensation & Benefits | 1,216,024 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,024,681 |
| Non-operating Income & (Expense) | 30,779 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 111,414 |
| Cost of Funds | 163,954 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 438,441 |
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