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HIGHMARK FEDERAL CREDIT UNION

Dec, 31, 2023 — HIGHMARK FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 5 branch locations and about $247.51 million in total assets. Opened 84 years ago in 1940, HIGHMARK FEDERAL CREDIT UNION has about 13,646 members and employs 63 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 291479686
Name:HIGHMARK FEDERAL CREDIT UNION
Address:
(Main Office)
725 5th St
RAPID CITY, SD 57701
Phone:(605) 716-4444
Fax:(605) 343-4927
Website:https://www.highmarkfcu.com
Branches:5 branch locations
Members:13,646
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, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$247,507,227
CEO/Manager:John A Carlson
Chairperson:Dana West

Call Report

  • First Time Homebuyer Program
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 6,271,465
TOTAL INVESTMENTS 0
Loans Held for Sale 0
 
 Real Estate Loans 99,213,857
 Unsecured Loans 4,281,686
 Other Loans 113,907,001
 TOTAL LOANS 217,402,543
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -2,139,619
 Land And Building 4,248,087
 Other Fixed Assets 1,583,108
 NCUSIF Deposit 1,939,531
 All Other Assets 571,651
  TOTAL ASSETS 247,507,227
LIABILITIES & CAPITAL:  
 Dividends Payable 212,172
 Notes & Interest Payable 3,500,000
 Accounts Payable & Other Liabilities 3,053,222
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 3,000,000
 Share Drafts 59,936,460
 Regular shares 55,360,428
 All Other Shares & Deposits 107,583,524
  TOTAL SHARES & DEPOSITS 222,880,411
  TOTAL LIABILITIES 232,645,805
 Regular Reserve 0
 Other Reserves 2,657,840
 Undivided Earnings 12,203,582
  TOTAL EQUITY 14,861,422
  TOTAL LIABILITIES, SHARES, & EQUITY 247,507,227
INCOME & EXPENSE  
 Loan Income 13,039,057
 Investment Income 364,035
 Other Income 1,669,479
 Total Employee Compensation & Benefits 5,377,206
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 5,191,622
 Non-operating Income & (Expense) 110,212
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 3,556,298
 Cost of Funds 4,118,766
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -1,698,553
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