Hiway Credit Union

Organization Overview

Hiway Credit Union is located in Saint Paul, MN. As of 12/2021, Hiway Credit Union employed 287 individuals. Hiway Credit Union is a 501(c)(14) and as such, is described as a "State Chartered Credit Union, Mutual Reserve Fund" by the IRS.

For the year ending 12/2021, Hiway Credit Union generated $63.9m in total revenue. All expenses for the organization totaled $53.5m during the year ending 12/2021. While expenses have increased by 240.7% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO PROVIDE MEMBERS WITH FINANCIAL SERVICES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE LOAN AND DEPOSIT ACCOUNTS TO MEMBERS.


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Board, Officers & Key Employees

Name (title)Compensation
Dave Boden
CEO
$529,741
David Engler
VP Of Investment Services
$331,198
Aaron Kastner
CFO
$320,701
Kong Thao
Mortgage Sales
$265,974
Dean Warzala
Senior VP Of Lending
$221,608
Glen Durbahn
Senior VP Of Member Experi
$220,946

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Carlson-lavine Inc
Construction
$7,620,902
Q2 Software
Software
$1,409,291
Nusource
Hardware
$699,362
Cit
Software
$545,472
Fiserv Inc
Software
$620,595
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$55,197,344
Investment income $5,493,399
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $2,485,198
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $63,885,596

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