Hiway Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 410313750 ✦ Saint paul, MN ✦ Designated as a 501(c)(14)

Overview

What is Hiway Credit Union?

Hiway Credit Union is a member-focused financial institution dedicated to helping its members achieve financial success throughout their lives. Based on the provided information, the organization offers various loan and deposit accounts to its members, with the ultimate objective of ensuring their financial well-being. Additionally, their mission statement emphasizes their commitment to this goal, expressing their purpose as an entity that exists to empower members on their financial journey.


Official website here: www.hiway.org

Is Hiway Credit Union legitimate?

Hiway Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Hiway Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,719,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,840,643

For more financial information, click here


Official website here: www.hiway.org

What is the mission statement of Hiway Credit Union?

Hiway Credit Union is dedicated to helping its members achieve financial success in their lives. The mission of the credit union goes beyond just offering financial services; it aims to be a partner in the journey towards financial stability and prosperity. By providing access to loan and deposit accounts, Hiway Credit Union enables its members to manage their money effectively and reach their financial goals. The credit union's commitment extends beyond transactions, as it strives to create a positive impact on its members' overall financial well-being.


Official website here: www.hiway.org

Who is the CEO of Hiway Credit Union?

Dave Boden is the Ceo of Hiway Credit Union. The CEO's salary of Hiway Credit Union is $557,155 and their total compensation is $696,057.


Official website here: www.hiway.org

What is the revenue of Hiway Credit Union?

Hiway Credit Union's revenue in 2022 was $66,229,807.


Official website here: www.hiway.org

Who are the executives of Hiway Credit Union and what are their salaries?

The average compensation at Hiway Credit Union during 2022 was $57,012. There are 308 employees and 17 volunteers at Hiway Credit Union.

Here are 21 key members and their salaries (Hiway Credit Union's CEO's salary is $557,155 and their total compensation is $696,057):

    Dave Boden (Ceo)
  • Compensation: $557,155
  • Related: $0
  • Other: $138,902

    • David Engler (Vp Of Investment Services)
  • Compensation: $269,217
  • Related: $0
  • Other: $147,686

    • Aaron Kastner (Cfo)
  • Compensation: $312,473
  • Related: $0
  • Other: $93,788

    • Glen Durbahn (Senior Vp Of Member Experi)
  • Compensation: $239,844
  • Related: $0
  • Other: $116,209

    • Brian White (Senior Vp Of Information S)
  • Compensation: $240,927
  • Related: $0
  • Other: $102,872

    • Dean Warzala (Senior Vp Of Lending)
  • Compensation: $239,749
  • Related: $0
  • Other: $92,351

    • Scott Ekholm (Lpl Financial Planner/Weal)
  • Compensation: $192,255
  • Related: $0
  • Other: $126,870

    • Christine Cordell (Senior Vp Of Organizationa)
  • Compensation: $223,194
  • Related: $0
  • Other: $79,763

    • Manfred Gabriel (Vp Human Resources)
  • Compensation: $194,839
  • Related: $0
  • Other: $95,722

    • Tara Graff (Senior Vp Of Marketing)
  • Compensation: $219,576
  • Related: $0
  • Other: $62,348

    • Kong Thao (Mortgage Sales)
  • Compensation: $205,434
  • Related: $0
  • Other: $66,478

    • Patrick Farrington (Vp Of Business Services)
  • Compensation: $214,560
  • Related: $0
  • Other: $51,108

    • Jeff Schwalen (Board Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lori Hodapp (Board Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pam Tschida (Board Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Mcguiness (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sue Mulvihill (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Collins (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Dillingham (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leonard Leitner (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sophia Xiong-Yang (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.hiway.org

    Where can I find the form 990 for Hiway Credit Union?

    The Hiway Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.hiway.org

    Learn more at the official website: www.hiway.org

    Mission Statement of Hiway Credit Union

    Hiway Credit Union, with its mission to provide financial success on the road of life, aims to assist its members in achieving their financial goals. The credit union offers a range of financial services designed to help members navigate their financial journeys effectively.

    By providing access to loan and deposit accounts, Hiway Credit Union empowers its members to take control of their financial futures. The credit union's commitment to its members is reflected in its dedication to offering reliable and affordable financial solutions.

    Hiway Credit Union's team of financial professionals works tirelessly to ensure that each member receives the best possible service. The credit union's mission is to make a positive impact on the lives of its members by helping them achieve their financial objectives.

    In summary, Hiway Credit Union is more than just a financial institution; it is a trusted partner dedicated to helping its members succeed financially. Through its various programs and services, the credit union provides the tools and resources necessary for members to navigate the complexities of the financial world and build a secure future.

    Impact

    This information is meant to be a general summary of Hiway Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Hiway Credit Union's impact lies in its mission to provide its members with financial success on the road of life. By offering a range of financial services such as loan and deposit accounts, Hiway Credit Union aims to empower individuals to achieve their financial goals and secure their future. Located in Saint Paul, MN, the credit union plays a vital role in supporting the financial well-being of its members and contributing to the economic prosperity of the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,771,257
  • Program Service Revenue: $55,623,856
  • Gross Receipts: $104,333,793

    • Assets and Liabilities:
  • Total Assets: $1,740,477,248
  • Total Liabilities: $1,636,818,409
  • Net Assets: $103,658,839
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    LOAN INTEREST INCOME

    Revenue

    $40,651,530

    OTHER INCOME

    Revenue

    $9,473,909

    FEE INCOME

    Revenue

    $5,498,417

    Organization Details

    Founding Year

    1931

    Principal Officer

    Dave Boden

    Main Address

    840 WESTMINSTER ST, SAINT PAUL, MN, 55130

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Hiway Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.