2022-08-22T11:55:37-05:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2021-01-01 410313750 HIWAY CREDIT UNION HIWA 6512596450 840 WESTMINSTER ST SAINT PAUL MN 55130 AARON KASTNER CFO 6512596450 2022-07-05 1 AARON KASTNER 999009999 TANYA MEDGAARDEN P01717240 5074347000 2022-07-05 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DAVE BODEN 840 WESTMINSTER ST SAINT PAUL MN 55130 63885596 0 X WWW.HIWAY.ORG X CREDIT UNION 1931 MN TO PROVIDE MEMBERS WITH FINANCIAL SERVICES. 9 9 287 17 421913 0 0 0 4538906 55197344 1065060 7978597 0 709655 5603966 63885596 100000 55000 879410 9324036 2054934 25616964 0 0 0 1573196 18491419 4607540 53487419 996426 10398177 1506184345 1671090532 1361582096 1522210747 144602249 148879785 WE EXIST TO PROVIDE OUR MEMBERS WITH FINANCIAL SUCCESS ON THE ROAD OF LIFE. 0 0 PROVIDE LOAN AND DEPOSIT ACCOUNTS TO MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 0 1 130 0 1 287 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X AARON KASTNER 6512596450 111 EMPIRE DR SAINT PAUL MN 55103 JEFF SCHWALEN BOARD CHAIR 2.50 X X 0 0 0 LORI HODAPP BOARD VICE CHAIR 2.50 X X 0 0 0 PAM TSCHIDA BOARD SECRETARY 2.50 X X 0 0 0 PATRICK MCGUINESS BOARD MEMBER 2.50 X 0 0 0 SUE MULVIHILL BOARD MEMBER 2.50 X 0 0 0 KIM COLLINS BOARD MEMBER 2.50 X 0 0 0 JOHN DILLINGHAM BOARD MEMBER 2.50 X 0 0 0 LEONARD LEITNER BOARD MEMBER 2.50 X 0 0 0 SOPHIA XIONG-YANG BOARD MEMBER 2.50 X 0 0 0 DAVE BODEN CEO 40.00 X 529741 0 116908 AARON KASTNER CFO 40.00 X 320701 0 79962 GLEN DURBAHN SENIOR VP OF MEMBER EXPERI 40.00 X 220946 0 113335 DEAN WARZALA SENIOR VP OF LENDING 40.00 X 221608 0 99494 BRIAN WHITE SENIOR VP OF INFORMATION S 40.00 X 208557 0 102563 CHRISTINE CORDELL SENIOR VP OF ORGANIZATIONA 40.00 X 205038 0 78500 TARA GRAFF SENIOR VP OF MARKETING 40.00 X 210344 0 51633 DAVID ENGLER VP OF INVESTMENT SERVICES 40.00 X 331198 0 100833 KONG THAO MORTGAGE SALES 40.00 X 265974 0 49703 SANDRA OLESON MANAGER OF MORTGAGE SALES 40.00 X 215317 0 69035 SCOTT EKHOLM LPL FINANCIAL PLANNER/WEALTH MANAGER 40.00 X 205202 0 52641 PATRICK FARRINGTON VP OF BUSINESS SERVICES 40.00 X 178703 0 82167 3113329 0 996774 12 0 1 0 CARLSON-LAVINE INC 2965 PARTRIDGE ROAD ROSEVILLE MN 55113 CONSTRUCTION 7620902 Q2 SOFTWARE PO BOX 205970 DALLAS TX 753205970 SOFTWARE 1409291 NUSOURCE 9749 HAMILTON ROAD EDEN PRAIRIE MN 55344 HARDWARE 699362 FISERV INC PO BOX 934057 ATLANTA GA 311934057 SOFTWARE 620595 CIT 2375 VENTURA DRIVE WOODBURY MN 55125 SOFTWARE 545472 33 LOAN INTEREST INCOME 522100 35186280 35186280 OTHER INCOME 522100 13876155 13876155 FEE INCOME 522100 6134909 5712996 421913 55197344 5493399 5493399 2476842 8356 0 0 2476842 8356 2485198 2485198 OTHER NON-INTEREST INCOME 709655 709655 709655 63885596 54775431 421913 8688252 55000 9324036 2559330 15069790 2779099 3665614 1543131 163478 82394 1635158 1550790 7700696 1688433 289058 1279665 14413 LOAN SERVICING EXPENSE 2737473 PROVISION FOR LOAN LOSS 980182 MISCELLANEOUS 339485 OPERATING FEES 30194 53487419 4626738 15026287 70722066 55681238 10128436 10150040 916664364 938274615 2958811 1713734 52550028 21039939 23264109 31510089 427790291 561312613 50029530 57421916 1506184345 1671090532 13297144 9057338 1348284952 1513153409 1361582096 1522210747 X 0 0 0 0 144602249 148879785 144602249 148879785 1506184345 1671090532 X 10398177 -6120641 X X 0 1 X 1 0 8530718 8530718 29740009 9111483 20628526 14279301 11928456 2350845 31510089 AVAILABLE FOR SALE INVESTMENTS 559504913 F FHLB STOCK 1807700 C 561312613 IRA DEPOSITS 89819486 MONEY MARKET 346351631 CERTIFICATES 366921701 SHARES 272656146 CHECKING 430651437 ALL OTHER SHARES 6752998 NONMEMBER DEPOSITS 10 1513153409 62842104 -1043492 -1043492 63885596 0 63885596 52443928 -1043491 -1043491 53487419 0 53487419 PART XI, LINE 2D - OTHER ADJUSTMENTS: NON-OP INCOME EXPENSE -1,043,498. ROUNDING 6. PART XII, LINE 2D - OTHER ADJUSTMENTS: NON-OP INCOME EXPENSE -1,043,498. ROUNDING 7. 1 HIWAY CREDIT UNION FOUNDATION 840 WESTMINSTER ST ST PAUL MN 55130 814112454 501(C)(3) 55000 0 TO PROVIDE FINANCIAL SUPPORT TO THE FOUNDATION TO FULFILL ITS EXEMPT PURPOSE. PART I, LINE 2: THE CEO/PRESIDENT AND TWO SENIOR MEMBERS OF THE CREDIT UNION SERVE ON THE BOARD OF THE FOUNDATION AND MONITOR THE USE OF THE GRANT FUNDS 1 X X X X 0 0 0 DAVE BODEN CEO 379471 0 106880 0 43390 0 89508 0 27400 0 646649 0 0 0 DAVID ENGLER VP OF INVESTMENT SERVICES 95293 0 216854 0 19051 0 71340 0 29493 0 432031 0 0 0 AARON KASTNER CFO 234751 0 85140 0 810 0 50190 0 29772 0 400663 0 0 0 GLEN DURBAHN SENIOR VP OF MEMBER EXPERI 182904 0 36800 0 1242 0 102789 0 10546 0 334281 0 0 0 DEAN WARZALA SENIOR VP OF LENDING 183004 0 37572 0 1032 0 69872 0 29622 0 321102 0 0 0 KONG THAO MORTGAGE SALES 33160 0 232776 0 38 0 38431 0 11272 0 315677 0 0 0 BRIAN WHITE SENIOR VP OF INFORMATION S 172525 0 35000 0 1032 0 72863 0 29700 0 311120 0 0 0 SANDRA OLESON MANAGER OF MORTGAGE SALES 64662 0 150296 0 359 0 37533 0 31502 0 284352 0 0 0 CHRISTINE CORDELL SENIOR VP OF ORGANIZATIONA 153400 0 33978 0 17660 0 46056 0 32444 0 283538 0 0 0 TARA GRAFF SENIOR VP OF MARKETING 174378 0 35726 0 240 0 26105 0 25528 0 261977 0 0 0 PATRICK FARRINGTON VP OF BUSINESS SERVICES 152460 0 24659 0 1584 0 56653 0 25514 0 260870 0 0 0 SCOTT EKHOLM LPL FINANCIAL PLANNER/WEALTH MANAGER 44315 0 155575 0 5312 0 20762 0 31879 0 257843 0 0 0 DAVID BODEN CEO SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 4000000 3902161 0 1 1 AARON KASTNER CFO SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1150000 1158881 0 1 1 DEAN WARZALA VP LENDING SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1500000 1511584 0 1 1 GLEN DURBAHN VP MEMBER EXPERIENCE & BRANCH OPERATIONS SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1000000 1007722 0 1 1 TARA GRAFF VP MARKETING & BUSINESS DEVELOPMENT SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 600000 604633 0 1 1 BRIAN WHITE VP INFORMATION SERVICES & TECHNOLOGY SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1250000 1259653 0 1 1 CHRISTINE CORDELL VP ORGANIZATIONAL EFFECTIVENESS SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 700000 705406 0 1 1 10150040 FORM 990, PART VI, SECTION A, LINE 6 ALL MEMBERS RECEIVE ONE EQUAL VOTE. FORM 990, PART VI, SECTION A, LINE 7A ALL MEMBERS RECEIVE ONE EQUAL VOTE TO ELECT THE BOARD. FORM 990, PART VI, SECTION A, LINE 7B ALL MEMBERS RECEIVE ONE EQUAL VOTE FOR A CHARTER CHANGE OR NAME CHANGE. FORM 990, PART VI, SECTION B, LINE 11B CEO AND CFO WILL REVEIW THE FORM. FORM 990, PART VI, SECTION B, LINE 12C AUDIT AND SUPERVISORY COMMITTEES REVIEW RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION'S CEO, OFFICERS AND KEY EMPLOYEES COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, WHO REVIEW INDUSTRY DATA PROVIDED BY THIRD PARTIES AND VOTE ON COMPENSATION. COMPENSATION DECISIONS ARE DOCUMENTED IN BOARD MINUTES AND THE HUMAN RESOURCES DEPARTMENT. THIS PROCESS WAS MOST RECENTLY COMPLETED IN 2020. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE POSTED AT EACH LOCATION. THE CONFLICT OF INTEREST POLICY AND GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN OTHER COMPREHENSIVE INCOME 4,352,463. NET ASSETS FROM FEDERAL CHARTERED CHANGE TO STATE CHARTERED -10,473,104. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. HIWAY CREDIT UNION FOUNDATION 804 WESTMINSTER ST ST PAUL MN 55130 814112454 FOUNDATION MN 501(C)(3) LINE 10 HIWAY CREDIT UNION 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 HIWAY CREDIT UNION FOUNDATION B 55000 FMV