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 |
↑ Back to Top |