Dec, 31, 2023 — HIWAY CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT PAUL, MN with 8 branch locations and about $1.73 billion in total assets. Opened 90 years ago in 1934, HIWAY CREDIT UNION has about 92,588 members and employs 261 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | HIWAY CREDIT UNION |
|---|---|
| Address: (Main Office) | 111 Empire Dr SAINT PAUL, MN 55103 |
| Phone: | (651) 291-1515 |
| Fax: | (651) 325-4153 |
| Website: | https://www.hiway.org |
| Branches: | 8 branch locations |
| Members: | 92,588 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68721 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,727,493,201 |
| CEO/Manager: | Dave Boden |
| Chairperson: | Jeff Schwalen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 10,394,563 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 660,250 |
| Real Estate Loans | 730,857,274 |
| Unsecured Loans | 63,735,110 |
| Other Loans | 394,549,837 |
| TOTAL LOANS | 1,189,162,093 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,778,086 |
| Land And Building | 31,971,675 |
| Other Fixed Assets | 2,639,852 |
| NCUSIF Deposit | 13,294,755 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,727,493,201 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 533,973 |
| Notes & Interest Payable | 190,000,000 |
| Accounts Payable & Other Liabilities | 14,754,270 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 273,319,722 |
| Regular shares | 399,863,808 |
| All Other Shares & Deposits | 728,888,526 |
| TOTAL SHARES & DEPOSITS | 1,402,072,058 |
| TOTAL LIABILITIES | 1,607,360,301 |
| Regular Reserve | 0 |
| Other Reserves | -40,526,160 |
| Undivided Earnings | 160,659,060 |
| TOTAL EQUITY | 120,132,900 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,727,493,201 |
| INCOME & EXPENSE | |
| Loan Income | 55,307,158 |
| Investment Income | 16,914,171 |
| Other Income | 5,099,261 |
| Total Employee Compensation & Benefits | 30,412,577 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 29,300,931 |
| Non-operating Income & (Expense) | 3,511,073 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,654,113 |
| Cost of Funds | 24,568,658 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,654,509 |
| ↑ Back to Top | |