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.
Name: | HIGHMARK FEDERAL CREDIT UNION |
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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 |
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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 |
ASSETS: | $ Amount |
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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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