Hiway Credit Union


Overview / Commentary
651-291-1515
111 Empire Dr
Saint Paul, MN 55103

Hiway Credit Union is headquartered in Saint Paul and is the 6th largest credit union in the state of Minnesota. It is also the 259th largest credit union in the nation. It was established in 1934 and as of June of 2020, it had grown to 216 employees and 78,477 members at 3 locations. Hiway Credit Union's money market rates are 14% higher than the national average, and it has an A health rating.

Field of Membership Restrictions

Hiway Credit Union is open to employees of the Minnesota Department of Transportation and individuals who live, work, worship, or go to school in Anoka, Carver, Dakota, Hennepin, Ramsey, Scott or Washington counties.
See current membership details

Related Posts

Hiway Federal Credit Union Continues Easy Membership Requirement - 10/8/2020

Hiway Federal Credit Union is ending its easy membership requirement effective December 1, 2020. New field of membership will include seven MInnesota counties.

Converting To A State Charter (end of easy membership) - 10/2/2020

Hiway is converting to a state charter as of December 1, 2020 which will remove the nationwide easy membership option: https://www.hiway.org/about/newsroom/state-charter.html They have a history of high CD rates, so you may want to join before December if you are outside of their branch footprint. Unfortunately, Hiway is sensitive to Chexsystems inquiries. They also did a hard pull on Transunion before denying me a savings account due to too many inquiries.

Hiway Federal Credit Union Has Competitive Reward Checking - 8/19/2020

Hiway Federal Credit Union's (easy membership) offers a competitive reward checking account called Hi Yield Checking with a top rate on balances between $1k and $25k.

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Good Experience Opening New, 5-Year CD

Posted by: |

I'd tried to open a CD at another out-of-state credit union, but was denied when they were "unable to verify your identity or other personal information." I've never had that experience before!

I turned to Hiway Credit Union. It was easy to apply and qualify for membership. Messages were answered in a timely fashion. Phone calls were answered quickly and efficiently. No glitches.

I wish opening an out-of-state CD was always this easy, and I got one of the best rates in the nation.

CD Rates Location

CD rates can be found here:
https://www.hiway.org/about/rates/index.html#certificates

I do not know why deposit accounts is not displaying them,

Beware Hard Credit Pull

Posted by: |

Run for new memberships "to determine what kinds of accounts you qualify for." Per customer representative, fast email response to my asking and declaring not applying for any kind of credit. Never heard THAT one before in my decades of regulating CUs.

Too Many Inquiries On Our Credit Report???

Posted by: |

Got denied for a new account because we had some inquiries on our credit report (hard pull) which was the only reason. We had bought a motorhome and the dealer had submitted our application to several banks which accounted for the extra inquiries but Hyway did not care. We have a high credit score and nothing bad on our credit report either. Total waste of time and an uncaring financial institution.

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Health

Health Grade Components

Overall
NCUA #24360
Year Chartered1934
Employees216
Primary Regulator
Profit Margin
Return on Assets - YTD0.63%
Return on Equity - YTD6.09%
Annual Interest Income$21.4MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$1.40B$1.16B
LoansQ2 2020vs Q2 2019$865.6MM$837.0MM
DepositsQ2 2020vs Q2 2019$1.25B$1.02B
Equity CapitalQ2 2020vs Q2 2019$140.5MM$125.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$5.8MM$5.6MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.6MM$3.6MM
Real Estate OwnedQ2 2020vs Q2 2019$0$119.00K
Rates
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Always verify rates and promotions with the bank or credit union. We are not Hiway Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Hiway Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.35%--IRA Savings
0.35%--Coverdell Education Savings Account
0.15%*$2k*-Share Savings
OTHER TIERS: 0.10% $5 - $2k
0.15%*$2k*-2nd Savings
OTHER TIERS: 0.10% $5 - $2k
0.15%--HSA Savings
0.15%*$2k*-Youth Savings
OTHER TIERS: 0.10% $5 - $2k
0.10%--HSA Checking
0.10%$5-Business Savings
0.10%$5-Business Savings Basic
0.10%--Business 2nd Savings Accounts
0.10%$5-WINcentive Savings

Hiway Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.50%*$100k*-Money Market Account
OTHER TIERS: 0.10% Up to $2k | 0.20% $2k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k
0.50%*$100k*-HSA Money Market
OTHER TIERS: 0.10% Up to $2k | 0.20% $2k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k
0.50%*$100k*-Business Money Market
OTHER TIERS: 0.10% Up to $2k | 0.20% $2k - $25k | 0.30% $25k - $50k | 0.40% $50k - $100k

Hiway Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.22%*$1k*$25kHi Yield Checking
OTHER TIERS: 0.10% $25k+
0.20%*$50k*-Business Commercial Checking
OTHER TIERS: 0.10% $5k - $20k | 0.15% $20k - $50k
0.10%--Benefits Plus® Checking
0.10%--Minnesota Wild Checking
0.10%--Free Checking
0.05%$2.5k-Business Elite Checking

Hiway Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$25k*-60 Month CD
OTHER TIERS: 1.14% $500 - $10k | 1.25% $10k - $25k
1.35%*$25k*-Business 60 Month CD
OTHER TIERS: 1.14% $500 - $10k | 1.25% $10k - $25k
1.20%*$25k*-48 – 59 Month CD
OTHER TIERS: 1.00% $500 - $10k | 1.10% $10k - $25k
1.20%*$25k*-Business 48 - 59 Month CD
OTHER TIERS: 1.00% $500 - $10k | 1.10% $10k - $25k
1.10%*$25k*-36 – 47 Month CD
OTHER TIERS: 0.90% $500 - $10k | 1.00% $10k - $25k
1.10%*$25k*-Business 36 - 47 Month CD
OTHER TIERS: 0.90% $500 - $10k | 1.00% $10k - $25k
0.95%*$25k*-24 – 35 Month CD
OTHER TIERS: 0.75% $500 - $10k | 0.85% $10k - $25k
0.95%*$25k*-24 Month Step Up CD
OTHER TIERS: 0.75% $500 - $10k | 0.85% $10k - $25k
0.95%*$25k*-Business 24 - 35 Month CD
OTHER TIERS: 0.75% $500 - $10k | 0.85% $10k - $25k
0.95%*$25k*-Business 24 Month Step Up CD
OTHER TIERS: 0.75% $500 - $10k | 0.85% $10k - $25k
0.85%*$25k*-12 – 23 Month CD
OTHER TIERS: 0.65% $500 - $10k | 0.75% $10k - $25k
0.85%*$25k*-Business 12 - 23 Month CD
OTHER TIERS: 0.65% $500 - $10k | 0.75% $10k - $25k
0.60%*$25k*-6 Month CD
OTHER TIERS: 0.40% $500 - $10k | 0.50% $10k - $25k
0.60%*$25k*-Business 6 Month CD
OTHER TIERS: 0.40% $500 - $10k | 0.50% $10k - $25k
0.50%$25-12 Month Certificate Builder
0.50%$25-12 Month Youth Certificate Builder
0.45%*$25k*-3 Month CD
OTHER TIERS: 0.25% $500 - $10k | 0.35% $10k - $25k
0.45%*$25k*-Business 3 Month CD
OTHER TIERS: 0.25% $500 - $10k | 0.35% $10k - $25k
0.25%$25-6 Month Certificate Builder
0.25%$25-6 Month Youth Certificate Builder

Hiway Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.35%*$25k*-60 Month IRA
OTHER TIERS: 1.14% $500 - $10k | 1.25% $10k - $25k
1.20%*$25k*-48 – 59 Month IRA
OTHER TIERS: 1.00% $500 - $10k | 1.10% $10k - $25k
1.10%*$25k*-36 – 47 Month IRA
OTHER TIERS: 0.90% $500 - $10k | 1.00% $10k - $25k
0.95%*$25k*-24 Month Step Up IRA
OTHER TIERS: 0.75% $500 - $10k | 0.85% $10k - $25k
0.95%*$25k*-24 – 35 Month IRA
OTHER TIERS: 0.75% $500 - $10k | 0.85% $10k - $25k
0.85%*$25k*-12 – 23 Month IRA
OTHER TIERS: 0.65% $500 - $10k | 0.75% $10k - $25k
Locations


Hiway Credit Union Locations
Branch Office5025 E 54TH STMinneapolis, MN 55417
Branch Office395 John Ireland Blvd Room B-23Saint Paul, MN 55155
Branch Office111 Empire DrSaint Paul, MN 55103

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