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.
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
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.
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.
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.
|Return on Assets - YTD||0.61%|
|Return on Equity - YTD||6.06%|
|Annual Interest Income||$31.9MM|
|Assets and Liabilities|
|Assets||Q3 2020vs Q3 2019||$1.45B$1.20B|
|Loans||Q3 2020vs Q3 2019||$901.7MM$874.1MM|
|Deposits||Q3 2020vs Q3 2019||$1.30B$1.06B|
|Equity Capital||Q3 2020vs Q3 2019||$144.6MM$128.0MM|
|Loan Loss Allowance||Q3 2020vs Q3 2019||$5.2MM$5.8MM|
|Unbacked Noncurrent Loans||Q3 2020vs Q3 2019||$2.7MM$4.1MM|
|Real Estate Owned||Q3 2020vs Q3 2019||$0$0|
Rates for Hiway Credit Union are currently being reviewed.
|Hiway 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||111 Empire Dr||Saint Paul, MN 55103|