Hiway Federal Credit Union


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

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 262nd largest credit union in the nation. It was established in 1934 and as of December of 2019, it had grown to 210 employees and 77,532 members. Hiway Federal Credit Union has an A health rating.

Field of Membership Restrictions

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

Related Posts

Hiway Federal Credit Union: CD Yields As High As 2.71% - 2/3/2020

Despite having recently lowered their rates, Hiway's longer-term CDs are still relatively attractive. 60 months, $25000 minimum, 2.71% APY 48-59 months, $25000 minimum, 2.61% APY (lower yields for smaller deposits) https://www.hiway.org/about/rates/index.html#certificates Appears to be nationally available via $10 membership in Minnesota Recreation and Park Foundation or $40 membership in Association of the U.S. Army, as per application form.

Stiff EWP On Long Term Cds - 1/19/2020

Monthly dividend withdrawl is allowed, Difficult to tell if partial withdrawal is allowed. Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity): • If your account has an original maturity of less than 12 months, the penalty we may impose will equal 30 days dividends • If your account has an original maturity of 12 to 23 months, the penalty we may impose will equal 90 days dividends • If your account has an original maturity of 24 to 47 months, the penalty we may impose will equal 180 days dividends • If your account has an original maturity of greater than 47 months, the penalty we may impose will equal 365 days dividends

Hiway Federal Credit Union's 14-Month CD Earns 2.70% APY - 7/15/2019

Hiway Federal Credit Union (easy membership) is offering a 14-month CD (2.70% APY, $500 min) and 60-month CD (3.20% APY, $25k min). Also available as IRAs.

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Reviews (6)

Went Really Well

Posted by: |

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.

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,

Highway credit union

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.

A Waste Of My Time - Not Recommended

Posted by: |

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.

Read The Fine Print Carefully!!!

Posted by: |

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.



Health

Health Grade Components

Overall
NCUA #24360
Year Chartered1934
Employees210
Primary Regulator
Profit Margin
Return on Assets - YTD0.53%
Return on Equity - YTD4.95%
Annual Interest Income$42.3MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$1.24B$1.11B
LoansQ4 2019vs Q4 2018$856.5MM$811.2MM
DepositsQ4 2019vs Q4 2018$1.10B$984.1MM
Equity CapitalQ4 2019vs Q4 2018$130.6MM$119.0MM
Loan Loss AllowanceQ4 2019vs Q4 2018$6.4MM$5.1MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$5.1MM$2.6MM
Real Estate OwnedQ4 2019vs Q4 2018$0$0
  User-submitted Promotions & Notices

This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.

Hiway Federal Credit Union: CD Yields As High As 2.71%

  |  
Despite having recently lowered their rates, Hiway's longer-term CDs are still relatively attractive.

60 months, $25000 minimum, 2.71% APY
48-59 months, $25000 minimum, 2.61% APY
(lower yields for smaller deposits)

https://www.hiway.org/about/rates/index.html#certificates

Appears to be nationally available via $10 membership in Minnesota Recreation and Park Foundation or $40 membership in Association of the U.S. Army, as per application form.

Stiff EWP On Long Term Cds

  |  
Monthly dividend withdrawl is allowed, Difficult to tell if partial withdrawal is allowed.

Early withdrawal penalties (a penalty may be imposed for withdrawals before maturity):
• If your account has an original maturity of less than 12 months, the penalty we may impose will equal 30 days dividends
• If your account has an original maturity of 12 to 23 months, the penalty we may impose will equal 90 days dividends
• If your account has an original maturity of 24 to 47 months, the penalty we may impose will equal 180 days dividends
• If your account has an original maturity of greater than 47 months, the penalty we may impose will equal 365 days dividends

Rates

Rates for Hiway Federal Credit Union are currently being reviewed.

Locations

Sorry, but we do not have location data for Hiway Federal Credit Union. Its headquarters is located at 111 Empire Dr - Saint Paul, MN 55103

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