Hiway Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_rated_halfstar_normal by Credit Guide
Review based on 12 criteria Rating: 3.5 out of 5

111 Empire Dr, Saint Paul, MN 55103

Website

(651) 291-1515

Data Source: NCUA, December 31, 2016


Hiway Federal Credit Union was founded in 1934. Headquartered in Saint Paul, Minnesota, Hiway Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Hiway Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Hiway Federal Credit Union services 65,703 members through its 6 offices and branches and 198 full-time and 5 part-time employees. It has $1,070,485,895 of total assets and $115,761,533 of net worth. Based on its asset size and net worth ratio, Hiway Federal Credit Union is classified as a Well Capitalized large credit union.

Hiway Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Hiway Federal Credit Union also provides an array of services to its members and local communities. Hiway Federal Credit Union plans to extend its services by adding more branches or service centers in the next 12 month. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Hiway Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Minnesota and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Minnesota
Median of USA
Checking
0.1000
0.0100
0.0000
Savings
0.1500
0.1000
0.1200
Money Market
0.1500
0.2500
0.2500
Certificate Deplit
0.6500
0.4250
0.5800
IRA
0.3500
0.4250
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Minnesota
National Median Rates
Credit Cards
10.9600
9.9000
9.9900
Unsecured Line of Credits
11.9000
11.0000
10.9500
Short-term Small Amount
n/a
18.0000
25.0000
Student Loans
8.0000
6.0000
6.0200
New Car Loans
2.4900
2.9900
3.3300
Used Car Loans
2.4900
3.9900
4.5000
1st Mortgage Real Estates
4.2500
4.2500
4.2500
Other Real Estates
5.0000
4.7100
4.7000

Hiway Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Hiway Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
Yes
New Share Account
Yes
Bill Payment
Yes
Yes
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
Yes

As a community financial institution, Hiway Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, first tim home buyer programs, and student scholarships.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
Yes
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
Yes
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
Yes
Dept Of Transportation
395 John Ireland Blvd Room B-23
Saint Paul, MN 55155
Phone:651-291-0909

Empire
Main Office

111 Empire Dr
Saint Paul, MN 55103
Phone:651-291-1515

Fort Snelling Branch
5025 E 54th St
Minneapolis, MN 55417
Phone:651-291-1515

Henry Whipple Building
1 Federal Dr
Fort Snelling, MN 55111-4080
Phone:651-209-6188

Highland Scots Branch
1015 Snelling Ave S
Saint Paul, MN 55116
Phone:651-621-2200

Johnson Governors Branch
1349 Arcade St
Saint Paul, MN 55106
Phone:651-414-4346

Westminster
840 Westminster St
Saint Paul, MN 55130
Phone:651-291-1515

(651) 325-4153

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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