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 272nd largest credit union in the nation. It was established in 1934 and as of September of 2022, it had grown to 234 employees and 85,713 members at 8 locations. Hiway Credit Union's money market rates are 2X the national average, and it has a B+ health rating.

Field of Membership Restrictions

Hiway Credit Union is open to anyone through joining the AUSA ($40 fee), the Hiway Credit Union Foundation ($10 one-time contribution fee), or the Minnesota Recs and Park Foundation ($10 one-time contribution). Membership is also open to: (1) anyone who lives, works, worships, volunteers, or goes to school in Minnesota; (2) employees of a qualifying company or government agency; (3) family members and roommates.
See current membership details

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.

Underwriting Is A Joke

I am a long term member, and have harmoniously transacted many loans over the years including secured and unsecured lines. I am an RN, always gainfully employed and with an exceptional credit rating and 100% repayment of every debt including all past HiWay CU Loans. I was turned down in 2021 for a consumer loan and the underwriter did not provide the required Regulation B notice of WHY I was not granted the credit. She told me to use my HiWay Visa card instead. I called and requested the consumer notice of adverse action and never received it. I used other lenders and just finished paying off my home improvements with an 836 credit score. I do not recommend HiWay CU. I strongly suspect age discrimination because I am in my late 60's but of course, I can't prove it.

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Health
B+

Health Grade Components

Overall
NCUA #68721
Year Chartered1934
Employees234
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD6.95%
Annual Interest Income$35.5MM
Assets and Liabilities
AssetsQ3 2022vs Q3 2021$1.70B$1.65B
LoansQ3 2022vs Q3 2021$1.09B$920.3MM
DepositsQ3 2022vs Q3 2021$1.54B$1.49B
Equity CapitalQ3 2022vs Q3 2021$104.7MM$147.2MM
Loan Loss AllowanceQ3 2022vs Q3 2021$6.3MM$5.7MM
Unbacked Noncurrent LoansQ3 2022vs Q3 2021$4.9MM$1.9MM
Real Estate OwnedQ3 2022vs Q3 2021$0$0
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
0.15%--IRA Savings
0.15%--Coverdell Education Savings Account
0.10%--HSA Savings
0.10%$5-WINcentive Savings
0.05%$5-Share Savings
0.05%$5-2nd Savings
0.05%$5-Business Savings
0.05%$5-Business Savings Basic
0.05%--Business 2nd Savings Accounts
0.05%$5-Youth Savings
0.01%--HSA Checking

Hiway Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.00%*$100k*-Money Market Account
OTHER TIERS: 0.01% Up to $2k | 0.30% $2k - $25k | 0.60% $25k - $50k | 0.70% $50k - $100k
1.00%*$100k*-HSA Money Market
OTHER TIERS: 0.01% Up to $2k | 0.30% $2k - $25k | 0.60% $25k - $50k | 0.70% $50k - $100k
1.00%*$100k*-Business Money Market
OTHER TIERS: 0.01% Up to $2k | 0.30% $2k - $25k | 0.60% $25k - $50k | 0.70% $50k - $100k

Hiway Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.02%*$1k*$25kHi Yield Checking
OTHER TIERS: 0.01% $25k+
0.10%*$50k*-Business Commercial Checking
OTHER TIERS: 0.01% $5k - $20k | 0.05% $20k - $50k
0.01%--Benefits Plus® Checking
0.01%$2.5k-Business Elite Checking
0.01%--Minnesota Wild Checking
0.01%--Free Checking

Hiway Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.50%$500-18 Month CD
3.50%$500-Business 18 Month CD
3.10%*$25k*-60 Month CD
OTHER TIERS: 2.90% $500 - $10k | 3.00% $10k - $25k
3.10%*$25k*-Business 60 Month CD
OTHER TIERS: 2.90% $500 - $10k | 3.00% $10k - $25k
2.80%*$25k*-48 – 59 Month CD
OTHER TIERS: 2.59% $500 - $10k | 2.70% $10k - $25k
2.80%*$25k*-Business 48 - 59 Month CD
OTHER TIERS: 2.59% $500 - $10k | 2.70% $10k - $25k
2.50%*$25k*-36 – 47 Month CD
OTHER TIERS: 2.30% $500 - $10k | 2.40% $10k - $25k
2.50%*$25k*-Business 36 - 47 Month CD
OTHER TIERS: 2.30% $500 - $10k | 2.40% $10k - $25k
2.40%*$25k*-24 – 35 Month CD
OTHER TIERS: 2.20% $500 - $10k | 2.30% $10k - $25k
2.40%*$25k*-24 Month Step Up CD
OTHER TIERS: 2.20% $500 - $10k | 2.30% $10k - $25k
2.40%*$25k*-Business 24 - 35 Month CD
OTHER TIERS: 2.20% $500 - $10k | 2.30% $10k - $25k
2.40%*$25k*-Business 24 Month Step Up CD
OTHER TIERS: 2.20% $500 - $10k | 2.30% $10k - $25k
1.85%*$25k*-12 – 23 Month CD
OTHER TIERS: 1.65% $500 - $10k | 1.75% $10k - $25k
1.85%*$25k*-Business 12 - 23 Month CD
OTHER TIERS: 1.65% $500 - $10k | 1.75% $10k - $25k
1.35%*$25k*-6 Month CD
OTHER TIERS: 1.15% $500 - $10k | 1.25% $10k - $25k
1.35%*$25k*-Business 6 Month CD
OTHER TIERS: 1.15% $500 - $10k | 1.25% $10k - $25k
0.85%*$25k*-3 Month CD
OTHER TIERS: 0.65% $500 - $10k | 0.75% $10k - $25k
0.85%*$25k*-Business 3 Month CD
OTHER TIERS: 0.65% $500 - $10k | 0.75% $10k - $25k
0.40%$25-12 Month Certificate Builder
0.40%$25-12 Month Youth Certificate Builder
0.20%$25-6 Month Certificate Builder
0.20%$25-6 Month Youth Certificate Builder

Hiway Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.10%*$25k*-60 Month IRA
OTHER TIERS: 2.90% $500 - $10k | 3.00% $10k - $25k
2.80%*$25k*-48 – 59 Month IRA
OTHER TIERS: 2.59% $500 - $10k | 2.70% $10k - $25k
2.50%*$25k*-36 – 47 Month IRA
OTHER TIERS: 2.30% $500 - $10k | 2.40% $10k - $25k
2.40%*$25k*-24 Month Step Up IRA
OTHER TIERS: 2.20% $500 - $10k | 2.30% $10k - $25k
2.40%*$25k*-24 – 35 Month IRA
OTHER TIERS: 2.20% $500 - $10k | 2.30% $10k - $25k
1.85%*$25k*-12 – 23 Month IRA
OTHER TIERS: 1.65% $500 - $10k | 1.75% $10k - $25k
Locations


Hiway Credit Union Locations
Branch Office740 Rose Ave WSaint Paul, MN 55117
Branch Office1540 6th St ESaint Paul, MN 55106-4850
Branch Office1015 Snelling Ave SSaint Paul, MN 55116
Branch Office1349 Arcade StSaint Paul, MN 55106
Branch Office5025 E 54TH STMinneapolis, MN 55417
Corporate Office840 Westminster StSaint Paul, MN 55130
Branch Office111 Empire DrSaint Paul, MN 55103
Branch Office2465 Fairview Ave N Suite 100Saint Paul, MN 55113

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