Dec, 31, 2021 — HIGHMARK FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 5 branch locations and about $203.35 million in total assets. Opened 82 years ago in 1940, HIGHMARK FEDERAL CREDIT UNION has about 12,487 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: | 12,487 |
| 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: | $203,347,478 |
| CEO/Manager: | John A Carlson |
| Chairperson: | Dana West |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 11,972,429 |
| TOTAL INVESTMENTS | 19,258,995 |
| Loans Held for Sale | 1,387,905 |
| Real Estate Loans | 61,790,468 |
| Unsecured Loans | 3,441,635 |
| Other Loans | 93,805,836 |
| TOTAL LOANS | 159,037,939 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -559,452 |
| Land And Building | 3,995,881 |
| Other Fixed Assets | 812,154 |
| NCUSIF Deposit | 1,533,759 |
| All Other Assets | 5,907,868 |
| TOTAL ASSETS | 203,347,478 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 2,920,144 |
| Notes & Interest Payable | 2,150,000 |
| Accounts Payable & Other Liabilities | 23,967 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,100,000 |
| Share Drafts | 62,961,407 |
| Regular shares | 65,449,815 |
| All Other Shares & Deposits | 51,695,777 |
| TOTAL SHARES & DEPOSITS | 180,106,999 |
| TOTAL LIABILITIES | 188,301,110 |
| Regular Reserve | 1,372,338 |
| Other Reserves | 1,696,692 |
| Undivided Earnings | 11,977,338 |
| TOTAL EQUITY | 15,046,368 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 203,347,478 |
| INCOME & EXPENSE | |
| Loan Income | 7,146,190 |
| Investment Income | 138,760 |
| Other Income | 1,353,376 |
| Total Employee Compensation & Benefits | 4,793,606 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,539,802 |
| Non-operating Income & (Expense) | 11,085 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 327,626 |
| Cost of Funds | 745,351 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,980,682 |
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