Hiway Credit Union
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written by Ken Tumin
\r\nBanks and credit unions are battling it out for deposits...\r\nSee More\r\n
\r\nBanks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.
\r\n See Less\r\nBanks and credit unions are battling it out for deposits. Competition among financial institutions provides investors a broad menu of choices when it comes to certificates of deposit (CDs). We track daily rates from thousands of institutions to help you compare the best CD rates and find the best deal on your next CD. This table compares CDs of all maturities, making it easy to find the highest CD rate regardless of term. The highest rate CD often doesn’t have the longest term.
\r\nCompare one year IRA rates from banks and credit unions. When selecting an IRA CD it's important to shop around to ensure you are getting the best rate possible. We have compiled a list of thousands of IRA CD rates throughout the country to make this process easier. Use the filter box below to customize your results. You can also read more about the IRA CD product category by clicking here or by scrolling down below this rate table.
\r\n","StateBlurb":"Compare one year fixed IRA rates available in [state]. Rates on fixed rate IRAs can vary greatly between banks. That is why we check both national and local banks every day to provide you with a wide selection of 12 month IRA rates available in [state]. If we have missed a local bank in your area please contact us and let us know by using the email link at the bottom of this page.","Active":true,"MinAmount":2000.0000,"MaxAmount":999999999.0000,"MinTerm":275,"MaxTerm":452,"AdditionalProducts":"15,14","Tags":"-youth,-club,-edu,-misc,-relationship","PageTitle":"Best IRA Rates | [date] | Compare IRA CD Rates","StatePageTitle":"[state] IRA Rates","DefaultAmount":25000.0000,"Meta":"Compare the best IRA CD rates for thousands of banks and credit unions in the U.S. to filter down to the best IRA rates available.","StateMeta":"","Article":"","ShortName":"1-year IRA","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/ira/","TagArray":[],"NegativeTagArray":["youth","club","edu","misc","relationship"]},"Ad":null,"NationalRate":3.1873,"Score":100.0},{"Account":{"CharterType":"Open","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"48 – 59 Month IRA (Traditional, Roth, CESA)","ProductGroupId":0,"ProductGroupName":"","BankId":13072,"SectionId":4,"Id":66761,"BankUrl":"hiway-cu.html","ProductName":"48 – 59 Month IRA","BankName":"Hiway Credit Union","Apy":3.39,"RewardRate":0.0,"MinAmount":25000.0,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-04T18:56:22.517","InstitutionType":"CU","Term":1464,"MaxTerm":1799,"States":"MN","OnlineStates":"AK,AL,AR,AZ,CA,CO,CT,DC,DE,FL,GA,HI,IA,ID,IL,IN,KS,KY,LA,MA,MD,ME,MI,MN,MO,MS,MT,NC,ND,NE,NH,NJ,NM,NV,NY,OH,OK,OR,PA,RI,SC,SD,TN,TX,UT,VA,VT,WA,WI,WV,WY","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Apy":3.39,"Min":25000.0,"Id":107003,"Max":999999999.0},{"Apy":3.25,"Min":10000.0,"Id":107004,"Max":24999.99},{"Apy":3.15,"Min":500.0,"Id":107005,"Max":9999.99}],"Id":103970,"Tags":"","TierType":"deposit"}],"HqRates":false,"Ewp":0,"Variants":"Traditional,Roth,CESA","ReviewCount":10,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"MN","DmaCodes":",613,","Locations":9,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":20,"SectionId":4,"Name":"4 Year IRA Rates","InformaCode":"DP04007","Url":"4-year-ira-rates.html","Blurb":"Compare rates on 4 year IRAs from banks and credit unions. Use the filter box below to customize your results. Click here to learn more about 4-year IRA CDs and how they can be a beneficial tool in your retirement strategy.
\r\n","StateBlurb":"Compare four year fixed IRA rates available in [state]. Rates on fixed rate IRAs can vary greatly between banks. That is why we check both national and local banks every day to provide you with a wide selection of 48 month IRA rates available in [state]. If we have missed a local bank in your area please contact us and let us know by using the email link at the bottom of this page.","Active":true,"MinAmount":2000.0000,"MaxAmount":999999999.0000,"MinTerm":1268,"MaxTerm":1630,"AdditionalProducts":"19,18,17,16,15,14","Tags":"-youth,-club,-edu,-misc,-relationship","PageTitle":"4 Year Individual Retirement Accounts - Compare 4 year IRA rates","StatePageTitle":"[state] 4 Year IRA Rates","DefaultAmount":25000.0000,"Meta":"","StateMeta":"","Article":"","ShortName":"4-year IRA","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/ira/4-year-ira-rates.html","TagArray":[],"NegativeTagArray":["youth","club","edu","misc","relationship"]},"Ad":null,"NationalRate":2.4552,"Score":100.0},{"Account":{"CharterType":"Open","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"60 Month IRA (Traditional, Roth, CESA)","ProductGroupId":0,"ProductGroupName":"","BankId":13072,"SectionId":4,"Id":66762,"BankUrl":"hiway-cu.html","ProductName":"60 Month IRA","BankName":"Hiway Credit Union","Apy":3.39,"RewardRate":0.0,"MinAmount":25000.0,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-04T18:56:22.517","InstitutionType":"CU","Term":1830,"MaxTerm":1830,"States":"MN","OnlineStates":"AK,AL,AR,AZ,CA,CO,CT,DC,DE,FL,GA,HI,IA,ID,IL,IN,KS,KY,LA,MA,MD,ME,MI,MN,MO,MS,MT,NC,ND,NE,NH,NJ,NM,NV,NY,OH,OK,OR,PA,RI,SC,SD,TN,TX,UT,VA,VT,WA,WI,WV,WY","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Apy":3.39,"Min":25000.0,"Id":107006,"Max":999999999.0},{"Apy":3.25,"Min":10000.0,"Id":107007,"Max":24999.99},{"Apy":3.15,"Min":500.0,"Id":107008,"Max":9999.99}],"Id":134862,"Tags":"","TierType":"deposit"}],"HqRates":false,"Ewp":0,"Variants":"Traditional,Roth,CESA","ReviewCount":10,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"MN","DmaCodes":",613,","Locations":9,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":21,"SectionId":4,"Name":"5 Year IRA Rates","InformaCode":"DP04008","Url":"5-year-ira-rates.html","Blurb":"Compare rates on 5 year IRAs from banks and credit unions. Use the filter box below to customize your results. Scroll down below the rate table or click here if you would like to read an overview of the IRA CD product category and some discussion of a common strategy around longer-term IRA CD products.
\r\n","StateBlurb":"Compare 5 year fixed IRA rates available in [state]. Rates on fixed rate IRAs can vary greatly between banks. That is why we check both national and local banks every day to provide you with a wide selection of 60 month IRA rates available in [state]. If we have missed a local bank in your area please contact us and let us know by using the email link at the bottom of this page.","Active":true,"MinAmount":2000.0000,"MaxAmount":999999999.0000,"MinTerm":1631,"MaxTerm":1983,"AdditionalProducts":"20,19,18,17,16,15,14","Tags":"-youth,-club,-edu,-misc,-relationship","PageTitle":"5 Year Individual Retirement Accounts - Compare 5 year IRA rates","StatePageTitle":"[state] 5 Year IRA Rates","DefaultAmount":25000.0000,"Meta":"","StateMeta":"","Article":"","ShortName":"5-year IRA","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/ira/5-year-ira-rates.html","TagArray":[],"NegativeTagArray":["youth","club","edu","misc","relationship"]},"Ad":null,"NationalRate":2.5455,"Score":100.0},{"Account":{"CharterType":"Open","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"2nd Savings","ProductGroupId":0,"ProductGroupName":"","BankId":13072,"SectionId":2,"Id":66738,"BankUrl":"hiway-cu.html","ProductName":"2nd Savings","BankName":"Hiway Credit Union","Apy":0.05,"RewardRate":0.0,"MinAmount":5.0,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-04T18:56:22.517","InstitutionType":"CU","Term":0,"MaxTerm":0,"States":"MN","OnlineStates":"AK,AL,AR,AZ,CA,CO,CT,DC,DE,FL,GA,HI,IA,ID,IL,IN,KS,KY,LA,MA,MD,ME,MI,MN,MO,MS,MT,NC,ND,NE,NH,NJ,NM,NV,NY,OH,OK,OR,PA,RI,SC,SD,TN,TX,UT,VA,VT,WA,WI,WV,WY","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Apy":0.05,"Min":5.0,"Id":106947,"Max":999999999.0},{"Apy":0.05,"Min":2000.01,"Id":106948,"Max":999999999.0}],"Id":91152,"Tags":"","TierType":"deposit"}],"HqRates":false,"Ewp":0,"Variants":"","ReviewCount":10,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"MN","DmaCodes":",613,","Locations":9,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":9,"SectionId":2,"Name":"Best High Yield Savings Accounts","InformaCode":"DP02001","Url":"","Blurb":"written by Ken Tumin
\r\nInterest rates on savings accounts vary greatly, which means you need to shop around to find your best rate available. It’s possible to find rates over 5.25%, while the average savings account rate stands at around 0.48% (as of November 2023). This is why we check rates daily at more than 5,000 U.S. banks and credit unions, to make it easy for you to gain the best possible return on your savings. The savings account table below allows you to compare savings account rates offered by financial institutions such as online banks, credit unions, community banks and the big nationwide banks.
\r\n","StateBlurb":"Compare rates on personal savings accounts in [state]. We check both the national banks and local banks in [state] every day to provide you with the most current savings account rates available in your area. If there is a local bank you would like to see listed here, let us know and we'll do our best to add it.","Active":true,"MinAmount":0.0000,"MaxAmount":24999.9900,"MinTerm":0,"MaxTerm":0,"AdditionalProducts":"","Tags":"-business,-health,-edu,-youth,-club,-retirement,-reward,-misc,-relationship","PageTitle":"High Yield Savings Accounts – Daily Rates | DepositAccounts","StatePageTitle":"[state] Savings Account Rates","DefaultAmount":25000.0000,"Meta":"Compare savings accounts from banks and credit unions across the country and see who's currently offering the best savings account rates.","StateMeta":"","Article":"","ShortName":"Savings","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/savings/","TagArray":[],"NegativeTagArray":["business","health","edu","youth","club","retirement","reward","misc","relationship"]},"Ad":null,"NationalRate":0.4928,"Score":50.0},{"Account":{"CharterType":"Open","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"health","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"HSA Money Market","ProductGroupId":0,"ProductGroupName":"","BankId":13072,"SectionId":5,"Id":66746,"BankUrl":"hiway-cu.html","ProductName":"HSA Money Market","BankName":"Hiway Credit Union","Apy":2.5,"RewardRate":0.0,"MinAmount":100000.0,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-04T18:56:22.517","InstitutionType":"CU","Term":0,"MaxTerm":0,"States":"MN","OnlineStates":"AK,AL,AR,AZ,CA,CO,CT,DC,DE,FL,GA,HI,IA,ID,IL,IN,KS,KY,LA,MA,MD,ME,MI,MN,MO,MS,MT,NC,ND,NE,NH,NJ,NM,NV,NY,OH,OK,OR,PA,RI,SC,SD,TN,TX,UT,VA,VT,WA,WI,WV,WY","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Apy":2.5,"Min":100000.0,"Id":106964,"Max":999999999.0},{"Apy":1.35,"Min":2000.0,"Id":106961,"Max":99999.99},{"Apy":1.35,"Min":25000.0,"Id":106962,"Max":49999.99},{"Apy":1.35,"Min":50000.0,"Id":106963,"Max":99999.99},{"Apy":0.01,"Min":0.0,"Id":106960,"Max":1999.99}],"Id":80166,"Tags":"","TierType":"deposit"}],"HqRates":false,"Ewp":0,"Variants":"","ReviewCount":10,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"MN","DmaCodes":",613,","Locations":9,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":22,"SectionId":5,"Name":"Money Market Accounts","InformaCode":"DP02001","Url":"","Blurb":"written by Ken Tumin | Updated on September 21, 2022
\r\nA money market account (MMA) has a unique set of features that makes it a hybrid of a savings account and a checking account. Money market accounts offer high interest rates, and also easy access to your money.
\r\n\r\nThe money market accounts listed in the table below are sorted according to rates, from highest to lowest. This table lets you compare money market accounts from banks and credit unions — use the filter box to customize your results. Read on to learn more about the history, distinct features and benefits of these accounts.
\r\n","StateBlurb":"Compare rates on [state] money market accounts. Every day, we check both the national banks and regional banks in [state] to provide you with the most current money market rates available. We try hard to list as many local banks as possible so if there is one you would like to see listed here, please let us know and we'll do our best to add it. ","Active":true,"MinAmount":10000.0000,"MaxAmount":24999.9900,"MinTerm":0,"MaxTerm":0,"AdditionalProducts":"","Tags":"-business,-youth,-club,-edu,-retirement,-misc,-relationship","PageTitle":"Money Market Account Rates in [date] | DepositAccounts","StatePageTitle":"[state] Money Market Accounts","DefaultAmount":10000.0000,"Meta":"Compare money market account rates on more than 14,000 of the most popular banks and credit unions in the U.S. Discover which institutiuons currently offer the best money market accounts.","StateMeta":"","Article":"","ShortName":"Money Market","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/moneymarket/","TagArray":[],"NegativeTagArray":["business","youth","club","edu","retirement","misc","relationship"]},"Ad":null,"NationalRate":0.8401,"Score":20.0},{"Account":{"CharterType":"Open","CharterDmas":"","CharterAffiliations":"","AdCopy":"","TrackingPixel":"","Tags":"","EstimatedEpc":0.0,"PromoText":"","BlendedApy":false,"EstimatedEarnings":0.0,"DisplayName":"Free Checking","ProductGroupId":0,"ProductGroupName":"","BankId":13072,"SectionId":3,"Id":339053,"BankUrl":"hiway-cu.html","ProductName":"Free Checking","BankName":"Hiway Credit Union","Apy":0.01,"RewardRate":0.0,"MinAmount":0.0,"MaxAmount":999999999.0,"ClickUrl":"","LastUpdated":"2023-12-04T18:56:22.517","InstitutionType":"CU","Term":0,"MaxTerm":0,"States":"MN","OnlineStates":"AK,AL,AR,AZ,CA,CO,CT,DC,DE,FL,GA,HI,IA,ID,IL,IN,KS,KY,LA,MA,MD,ME,MI,MN,MO,MS,MT,NC,ND,NE,NH,NJ,NM,NV,NY,OH,OK,OR,PA,RI,SC,SD,TN,TX,UT,VA,VT,WA,WI,WV,WY","OtherAccounts":null,"TierGroups":[{"DisplayName":"Deposit Rate","Tiers":[{"Apy":0.01,"Min":0.0,"Id":547270,"Max":999999999.0}],"Id":236018,"Tags":"","TierType":"deposit"}],"HqRates":false,"Ewp":0,"Variants":"","ReviewCount":10,"HasLogo":true,"FederallyInsured":true,"CuOpenStates":"MN","DmaCodes":",613,","Locations":9,"HasSelectedTier":false},"ComparisonAccount":null,"Product":{"Id":13,"SectionId":3,"Name":"Standard Checking Accounts","InformaCode":"DP01001","Url":"","Blurb":"written by Ken Tumin | Updated on September 21, 2022
\r\nChecking accounts are a dime a dozen. Banking institutions offer checking accounts with branding such as Gold, Silver, Green, High Interest, Free, Student, Sports Teams, etc. The vast majority of Americans have, at some point, opened a checking account at one of the 14,000+ banking institutions across the country. The abundance of choices represents bonus features that accompany the primary purpose of checking: to provide security for cash and easy access to funds when needed to complete a transaction.
\r\n\r\nBut which do you choose? Compare personal checking accounts from banks and credit unions. Below, you’ll also find some of the history, features and benefits of checking accounts.
\r\n","StateBlurb":"Compare rates on personal checking accounts in [state].. Our system checks the rates of many national banks as well as regional banks in [state] every day to provide you with a single list of current interest bearing checking account rates in your area. If we have missed a local bank in your area please let us know by using the email link below.","Active":true,"MinAmount":100.0000,"MaxAmount":999999999.0000,"MinTerm":0,"MaxTerm":0,"AdditionalProducts":"","Tags":"-reward,-business,-health,-youth,-club,-misc,-relationship,-cashback","PageTitle":"Compare Checking Account Rates in [date] | DepositAccounts","StatePageTitle":"[state] Checking Account Rates","DefaultAmount":10000.0000,"Meta":"Compare checking account rates for thousands of banks and credit unions across the country and discover which have the best checking accounts available.","StateMeta":"","Article":"","ShortName":"Checking","IsSectionIdNull":false,"IsNameNull":false,"IsInformaCodeNull":false,"IsUrlNull":false,"IsBlurbNull":false,"IsStateBlurbNull":false,"IsActiveNull":false,"IsMinAmountNull":false,"IsMaxAmountNull":false,"IsMinTermNull":false,"IsMaxTermNull":false,"IsAdditionalProductsNull":false,"IsTagsNull":false,"IsPageTitleNull":false,"IsStatePageTitleNull":false,"IsDefaultAmountNull":false,"IsMetaNull":false,"IsStateMetaNull":false,"IsArticleNull":false,"IsShortNameNull":false,"FullUrl":"/checking/","TagArray":[],"NegativeTagArray":["reward","business","health","youth","club","misc","relationship","cashback"]},"Ad":null,"NationalRate":0.2458,"Score":20.0}];Hiway Credit Union is headquartered in Saint Paul and is the 6th largest credit union in the state of Minnesota. It is also the 271st largest credit union in the nation. It was established in 1934 and as of June of 2023, it had grown to 240 employees and 92,040 members at 9 locations. Hiway Credit Union's CD rates are 6X 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
Related Posts
10/2 - Converting To A State Charter (end of easy membership)
8/19 - Hiway Federal Credit Union Has Competitive Reward Checking
8/13 - Hiway Federal Credit Union 12-Month CD Is Now Competitive
2/3 - Hiway Federal Credit Union: CD Yields As High As 2.71%
1/19 - Stiff EWP On Long Term Cds
Good Experience Opening New, 5-Year CD
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
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.
Data as of Q2 2023
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68721 |
| Year Chartered | 1934 |
| Employees | 240 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.41% |
| Return on Equity - YTD | 6.43% |
| Annual Interest Income | $34.0MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2023vs Q2 2022 | $1.75B$1.68B |
| Loans | Q2 2023vs Q2 2022 | $1.17B$999.3MM |
| Deposits | Q2 2023vs Q2 2022 | $1.43B$1.53B |
| Equity Capital | Q2 2023vs Q2 2022 | $110.5MM$116.7MM |
| Loan Loss Allowance | Q2 2023vs Q2 2022 | $0$5.3MM |
| Unbacked Noncurrent Loans | Q2 2023vs Q2 2022 | $5.2MM$3.0MM |
| Real Estate Owned | Q2 2023vs Q2 2022 | $0$0 |