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 255th largest credit union in the nation. It was established in 1934 and as of September of 2020, it had grown to 216 employees and 78,957 members at 3 locations. Hiway Credit Union has an A health rating.

Field of Membership Restrictions

Hiway Credit Union is open to anyone through joining the AUSA ($40 fee). Membership is also 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 online application for details)
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.

VIEW MORE REVIEWS

Health

Health Grade Components

Overall
NCUA #24360
Year Chartered1934
Employees216
Primary Regulator
Profit Margin
Return on Assets - YTD0.61%
Return on Equity - YTD6.06%
Annual Interest Income$31.9MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$1.45B$1.20B
LoansQ3 2020vs Q3 2019$901.7MM$874.1MM
DepositsQ3 2020vs Q3 2019$1.30B$1.06B
Equity CapitalQ3 2020vs Q3 2019$144.6MM$128.0MM
Loan Loss AllowanceQ3 2020vs Q3 2019$5.2MM$5.8MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$2.7MM$4.1MM
Real Estate OwnedQ3 2020vs Q3 2019$0$0
Rates

Rates for Hiway Credit Union are currently being reviewed.

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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