Hiway Federal Credit Union is headquartered in Saint Paul and is the 6th largest credit union in the state of Minnesota. It is also the 275th largest credit union in the nation. It was established in 1934 and as of June of 2019, it had grown to 208 employees and 76,108 members at 8 locations. Hiway Federal Credit Union has an A health rating.
Hiway Federal Credit Union is open to anyone through membership in the Minnesota Recreation and Park Foundation ($10) or the Association of the U.S. Army ($40). Membership is also open to those who live, work, worship, or attend school in the Minneapolis/St. Paul metro community area. Employees of Select Employer Groups, including MnDot and the Department of Public Safety, are also eligible. (Membership requirements listed on the Credit Union's online application.)
See current membership details
I had a great experience opening an account at Hiway. They were very quick to open it, compared to some other CU's that take forever to get anything done. The contact I had with them was quite good, clear communications, knowledgeable CSR's, and very customer service oriented. I really like them a lot.
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.
I have found them to always be fair and consistent. They have professional staff who are able to meet all of my banking needs. I like their location as it's close to my place of employment. Parking is accessible and they are always there to great me with a friendly face. Sometimes I feel as though I am their only customer, although, in comparison to others, I don't have a lot of money there. I have a savings account there: have had it for years. They are always trying to inform me if options that may benefit me. I also have a Roth IRA through them. I have been pleased with how informative they are. They are always willing to go the extra mile, yet are always cognizant of my time. They are not pushy, yet, they make it know that there are always options. I have highly recommended them to family, friends and coworkers. I appreciate their service and plan to continue with them, indefinitely.
1) Can't fund a 5-year 3.2% CD through an ACH transfer.
2) Maximum amount of funds transfer OUT of Hiway credit union is $10k per MONTH.
3) Collects an extreme amount of personal data before customer becomes aware of all the downsides of an account.
4) Forces a new customer to "contribute" to a charity of Hiway's choice.
This credit union is awful, I was a member since 1992. I would go to real bank! The people upstairs that run the credit union are rude and unhelpful. Please read anything you sign with them very carefully, especially the fine print. Did you know that this credit union can open accounts under your name without your consent? If you do choose to bank with them, read everything carefully!!!! I cannot stress that enough.
|Return on Assets - YTD||0.6%|
|Return on Equity - YTD||5.59%|
|Annual Interest Income||$20.4MM|
|Assets and Liabilities|
|Assets||Q2 2019vs Q2 2018||$1.16B$1.12B|
|Loans||Q2 2019vs Q2 2018||$837.0MM$796.3MM|
|Deposits||Q2 2019vs Q2 2018||$1.02B$991.5MM|
|Equity Capital||Q2 2019vs Q2 2018||$125.5MM$120.3MM|
|Loan Loss Allowance||Q2 2019vs Q2 2018||$5.6MM$4.6MM|
|Unbacked Noncurrent Loans||Q2 2019vs Q2 2018||$3.6MM$1.8MM|
|Real Estate Owned||Q2 2019vs Q2 2018||$119.00K$0|
Rates for Hiway Federal Credit Union are currently being reviewed.
|Hiway Federal Credit Union Locations|
|Branch Office||5025 E 54TH ST||Minneapolis, MN 55417|
|Branch Office||395 John Ireland Blvd Room B-23||Saint Paul, MN 55155|
|Branch Office||840 Westminster St||Saint Paul, MN 55130|
|Branch Office||111 Empire Dr||Saint Paul, MN 55103|
|Branch Office||1349 Arcade St||Saint Paul, MN 55106|
|Branch Office||1015 Snelling Ave S||Saint Paul, MN 55116|
|Branch Office||1540 6th St E||Saint Paul, MN 55106-4850|
|Branch Office||740 Rose Ave W||Saint Paul, MN 55117|