Jun, 30, 2024 — HIGHMARK FEDERAL CREDIT UNION is a federal credit union headquartered in RAPID CITY, SD with 5 branch locations and about $242.46 million in total assets. Opened 84 years ago in 1940, HIGHMARK FEDERAL CREDIT UNION has about 13,295 members and employs 65 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: | https://www.highmarkfcu.com |
| Branches: | 5 branch locations |
| Members: | 13,295 |
| 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: | $242,455,574 |
| CEO/Manager: | John A Carlson |
| Chairperson: | Dana West |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 4,385,263 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,005,000 |
| Real Estate Loans | 79,073,380 |
| Unsecured Loans | 3,410,640 |
| Other Loans | 125,988,426 |
| TOTAL LOANS | 208,472,446 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -757,351 |
| Land And Building | 3,946,178 |
| Other Fixed Assets | 808,424 |
| NCUSIF Deposit | 1,621,989 |
| All Other Assets | 96,554 |
| TOTAL ASSETS | 242,455,574 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 48,215 |
| Notes & Interest Payable | 11,000,000 |
| Accounts Payable & Other Liabilities | 2,709,144 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 3,000,000 |
| Share Drafts | 66,283,326 |
| Regular shares | 70,981,651 |
| All Other Shares & Deposits | 72,323,773 |
| TOTAL SHARES & DEPOSITS | 209,588,750 |
| TOTAL LIABILITIES | 226,346,109 |
| Regular Reserve | 0 |
| Other Reserves | 2,549,400 |
| Undivided Earnings | 13,560,065 |
| TOTAL EQUITY | 16,109,465 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 242,455,574 |
| INCOME & EXPENSE | |
| Loan Income | 6,886,658 |
| Investment Income | 168,329 |
| Other Income | 1,203,515 |
| Total Employee Compensation & Benefits | 3,822,212 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 3,148,561 |
| Non-operating Income & (Expense) | 35,793 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 361,627 |
| Cost of Funds | 641,667 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,582,725 |
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