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)

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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 tax deductible.


Heare 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):


Jeff Schwalen (Board Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Lori Hodapp (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pam Tschida (Board Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Patrick Mcguiness (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Mulvihill (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Collins (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
John Dillingham (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leonard Leitner (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sophia Xiong-Yang (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dave Boden (Ceo)
  • Compensation: $557,155
  • Related: $0
  • Other: $138,902
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
Christine Cordell (Senior Vp Of Organizationa)
  • Compensation: $223,194
  • Related: $0
  • Other: $79,763
Tara Graff (Senior Vp Of Marketing)
  • Compensation: $219,576
  • Related: $0
  • Other: $62,348
David Engler (Vp Of Investment Services)
  • Compensation: $269,217
  • Related: $0
  • Other: $147,686
Patrick Farrington (Vp Of Business Services)
  • Compensation: $214,560
  • Related: $0
  • Other: $51,108
Manfred Gabriel (Vp Human Resources)
  • Compensation: $194,839
  • Related: $0
  • Other: $95,722
Scott Ekholm (Lpl Financial Planner/Weal)
  • Compensation: $192,255
  • Related: $0
  • Other: $126,870
Kong Thao (Mortgage Sales)
  • Compensation: $205,434
  • Related: $0
  • Other: $66,478


Official website here: www.hiway.org

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

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.

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Impact




October, 2024

Hiway Credit Union plays a vital role in the financial well-being of its members in Saint Paul, MN. By offering a range of financial services, including loan and deposit accounts, it actively supports individuals and families in achieving their financial goals. The focus on financial success reflects a commitment to empowering members on their personal journeys, ensuring they have the resources and guidance needed to navigate life's financial challenges. Through its comprehensive programs, Hiway Credit Union fosters a sense of community and trust, ultimately contributing to the overall economic health of the region.




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.


Financials

This financial information is from Propublica.

Revenue
$66,229,807 (2022)
Expenses
$57,449,522 (2022)
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

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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

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