Dec, 31, 2022 — HIWAY CREDIT UNION is a federally insured state chartered credit union headquartered in SAINT PAUL, MN with 8 branch locations and about $1.70 billion in total assets. Opened 89 years ago in 1934, HIWAY CREDIT UNION has about 85,713 members and employs 245 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: | 85,713 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68721 |
|---|---|
| Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Dec 01, 2021 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,700,158,009 |
| CEO/Manager: | Dave Boden |
| Chairperson: | Jeff Schwalen |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 15,684,936 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 682,407,784 |
| Unsecured Loans | 59,812,263 |
| Other Loans | 349,706,124 |
| TOTAL LOANS | 1,092,004,821 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -6,274,386 |
| Land And Building | 32,964,900 |
| Other Fixed Assets | 3,921,143 |
| NCUSIF Deposit | 14,194,984 |
| All Other Assets | 0 |
| TOTAL ASSETS | 1,700,158,009 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 10,792 |
| Notes & Interest Payable | 50,000,000 |
| Accounts Payable & Other Liabilities | 8,517,612 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 293,643,916 |
| Regular shares | 470,517,931 |
| All Other Shares & Deposits | 772,763,014 |
| TOTAL SHARES & DEPOSITS | 1,536,924,861 |
| TOTAL LIABILITIES | 1,595,453,265 |
| Regular Reserve | 0 |
| Other Reserves | -46,977,249 |
| Undivided Earnings | 151,681,993 |
| TOTAL EQUITY | 104,704,744 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,700,158,009 |
| INCOME & EXPENSE | |
| Loan Income | 29,056,297 |
| Investment Income | 6,462,102 |
| Other Income | 4,118,316 |
| Total Employee Compensation & Benefits | 19,464,257 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 14,790,366 |
| Non-operating Income & (Expense) | 834,768 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,509,067 |
| Cost of Funds | 6,048,044 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 5,457,728 |
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