Hiway Federal Credit Union
Headquarters
111 Empire Dr
Saint Paul, MN 55103
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2024 Overview
General Credit Union Information
Hiway is an NCUA insured institution located in Saint Paul, MN. It was founded in 1934 and has approximately $1451.26 millions in assets.
Who can join?
You're eligible for membership at Hiway if you meet any of the following requirements:
Live, work, worship or attend school in the Metro Community Area
Are employed by one of the following:
Minnesota Department of Transportation
Minnesota Department of Public Safety
State of Minnesota (most employees qualify)
V.A. Medical Center
Civilian employees and military personnel whose primary duty station is the Fort Snelling Reservation
Minnesota Military (most employees qualify)
Fort Snelling National Cemetary
U.S. Government Contractor at Minneapolis-St. Paul International Airport
Other eligible select employee groups
Member of the General John W. Vessey, Jr. Chapter of the Association of the U.S. Army (AUSA) Learn About AUSA Membership
Family member or household member of a person that qualifies for Hiway membership
| NCUA Insured | Yes / Federally Chartered |
| Charter Number # | # 24360 |
| Date Established | 1934 |
| Assets | $1,451.26 million |
| Loans | $901.74 million |
| Deposits | $1,298.52 million |
| Capital | $144.70 million |
Field of Membership Restrictions
Membership in Hiway Federal Credit Union is open to anyone through joining the Minnesota Recreation and Parks Foundation ($10 donation). Membership is also open to those who live, work, attend school or worship in a select area of Minneapolis and St. Paul, Minnesota and to employees of Minnesota Department of Transportation, Minnesota Department of Public Safety, V.A. Medical Center, and other area Select Employer Groups.
Deposit Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.15% | $2,500 | $4,999 |
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|
|
Money Market
|
0.20% | $2,500 | $2,999 |
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|
|
Money Market
|
0.20% | $10,000 | $14,999 |
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|
|
Money Market
|
0.30% | $25,000 | $29,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
0.50% | $10,000 | $14,999 |
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|
| 6 Mo CD
|
0.60% | $100,000 | $199,999 |
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|
| 12 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 12 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 18 Mo CD
|
1.00% | $10,000 | $14,999 |
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|
| 18 Mo CD
|
1.10% | $100,000 | $199,999 |
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|
| 24 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 24 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| 30 Mo CD
|
1.05% | $10,000 | $14,999 |
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|
| 30 Mo CD
|
1.15% | $100,000 | $199,999 |
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|
| 36 Mo CD
|
1.10% | $10,000 | $14,999 |
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|
| 36 Mo CD
|
1.20% | $100,000 | $199,999 |
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|
| 48 Mo CD
|
1.25% | $10,000 | $14,999 |
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|
| 48 Mo CD
|
1.35% | $100,000 | $199,999 |
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|
| 60 Mo CD
|
1.30% | $10,000 | $14,999 |
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|
| 60 Mo CD
|
1.40% | $100,000 | $199,999 |
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|
| Variable IRA Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Var IRA
|
0.35% | $1 | $499 | Learn More |
| Int Checking Rates | APY | MIN | MAX | |
|---|---|---|---|---|
| Int Ckg
|
0.10% | $1 | $99 | Learn More |
| Int Ckg
|
0.10% | $2,500 | $3,499 | Learn More |
Loan Rates - April 19, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Hiway
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 3030 |
7.350% | 7.250% | 1.00 | $3,200 | $2,183 | Learn More |
NMLS ID: Not a Lender |
Learn More | |||||
NMLS ID: 1907 |
Learn More | |||||
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Hiway
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Branches
Below are Hiway branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Climate Policy and Initiatives
HIWAY is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Hiway Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Hiway. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Hiway | U.S. Average |
|---|---|
| 1.67% | 6.97 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of December 31, 2023, Hiway had $2,379,731 in non-current loans and $119,429 in owned assets. To cover these potential losses it had $144,703,955 in net worth and $5,211,639 in loans loss reserves. That gives it a Texas Ratio of 1.67%.
Net Worth
| Hiway | U.S. Average |
|---|---|
| 9.97% | 13.62% |
Hiway FCU has a net worth of 9.97% versus the BestCashCow average of 13.62. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Hiway
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