HIWAY CREDIT UNION: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- HIWAY CREDIT UNION (EIN 41-0313750)
- Tax period
- 2023-01-01 to 2023-12-31
- Filed
- 2024-11-15
- IRS object ID
- 202423209349316372
- Schema version
- 2023v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2024-11-15T13:59:48-06:00 | ReturnTs |
| Tax Period End | 2023-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 410746749 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CLIFTONLARSONALLEN LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 109 N MAIN STREET SUITE 200 | AddressLine1Txt |
| City | AUSTIN | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55912 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 410313750 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HIWAY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | HIWA | BusinessNameControlTxt |
| Phone | 6512596450 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 840 WESTMINSTER ST | AddressLine1Txt |
| City | SAINT PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55130 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | JUSTIN BURLESON | PersonNm |
| Person Title | SVP/COO/CFO | PersonTitleTxt |
| Phone | 6512596450 | PhoneNum |
| Signature | 2024-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | 0 | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | TANYA MEDGAARDEN | PreparerPersonNm |
| PTIN | P01717240 | PTIN |
| Phone | 5074347000 | PhoneNum |
| Preparation | 2024-11-15 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2024-10-15 13:58:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Final Return | Yes (X) | FinalReturnInd |
| Principal Officer | JUSTIN BURLESON | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 840 WESTMINSTER ST | AddressLine1Txt |
| City | SAINT PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55130 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $125,403,073 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.HIWAY.ORG | WebsiteAddressTxt |
| Type Of Organization Other | Yes (X) | TypeOfOrganizationOtherInd |
| Other Organization Dsc | CREDIT UNION | OtherOrganizationDsc |
| Formation | 1931 | FormationYr |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Activity Or Mission | TO PROVIDE MEMBERS WITH FINANCIAL SERVICES. | ActivityOrMissionDesc |
| Contract Termination | Yes (X) | ContractTerminationInd |
| Voting Members Governing Body | 9 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 306 | TotalEmployeeCnt |
| Total Volunteers | 17 | TotalVolunteersCnt |
| Total Gross UBI | $299,150 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $0 | PYContributionsGrantsAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $55,623,856 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $70,443,855 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,771,257 | PYInvestmentIncomeAmt |
| CY Investment Income | $20,029,038 | CYInvestmentIncomeAmt |
| PY Other Revenue | $834,694 | PYOtherRevenueAmt |
| CY Other Revenue | $4,117,895 | CYOtherRevenueAmt |
| PY Total Revenue | $66,229,807 | PYTotalRevenueAmt |
| CY Total Revenue | $94,590,788 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $55,000 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $8,100,614 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $14,800,552 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $25,547,230 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $30,412,577 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $23,746,678 | PYOtherExpensesAmt |
| CY Other Expenses | $43,723,150 | CYOtherExpensesAmt |
| PY Total Expenses | $57,449,522 | PYTotalExpensesAmt |
| CY Total Expenses | $88,936,279 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $8,780,285 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $5,654,509 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,740,477,248 | TotalAssetsBOYAmt |
| Total Assets EOY | $0 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $1,636,818,409 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $0 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $103,658,839 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $0 | NetAssetsOrFundBalancesEOYAmt |
| Mission | WE EXIST TO PROVIDE OUR MEMBERS WITH FINANCIAL SUCCESS ON THE ROAD OF LIFE. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Desc | PROVIDE LOAN AND DEPOSIT ACCOUNTS TO MEMBERS. | Desc |
| Described In Section501c3 | 0 | DescribedInSection501c3Ind |
| Schedule B Required | 0 | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | 0 | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | 0 | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | Yes (1) | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 62094 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 306 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 9 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | Yes (1) | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | Yes (1) | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | 0 | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | MN | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | DAVE BODEN | PersonNm |
| Phone | 6512911515 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 840 WESTMINSTER ST | AddressLine1Txt |
| City | ST PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55130 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (21 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| JEFF SCHWALEN | |||||||
| BOARD CHAIR | 2.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| LORI HODAPP | |||||||
| BOARD VICE CHAIR | 2.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| PAM TSCHIDA | |||||||
| BOARD SECRETARY | 2.50 | Yes (X) | Yes (X) | $0 | $0 | $0 | |
| KIM COLLINS | |||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | ||
| JOHN DILLINGHAM | |||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | ||
| LEONARD LEITNER | |||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | ||
| PATRICK MCGUINESS | |||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | ||
| SUE MULVIHILL | |||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | ||
| SOPHIA XIONG-YANG | |||||||
| BOARD MEMBER | 2.50 | Yes (X) | $0 | $0 | $0 | ||
| DAVE BODEN | |||||||
| CEO | 40.00 | Yes (X) | $906,407 | $0 | $74,597 | ||
| AARON KASTNER | |||||||
| CFO | 40.00 | Yes (X) | $370,321 | $0 | $51,751 | ||
| DEAN WARZALA | |||||||
| SENIOR VP OF LENDING | 40.00 | Yes (X) | $330,120 | $0 | $58,990 | ||
| CHRISTINE CORDELL | |||||||
| SENIOR VP OF ORGANIZATIONA | 40.00 | Yes (X) | $293,156 | $0 | $57,954 | ||
| BRIAN WHITE | |||||||
| SENIOR VP OF INFORMATION S | 40.00 | Yes (X) | $294,891 | $0 | $27,545 | ||
| GLEN DURBAHN | |||||||
| SENIOR VP OF MEMBER EXPERI | 40.00 | Yes (X) | $286,192 | $0 | $23,644 | ||
| TARA GRAFF | |||||||
| SENIOR VP OF MARKETING | 40.00 | Yes (X) | $238,922 | $0 | $46,231 | ||
| MANFRED GABRIEL | |||||||
| VP HUMAN RESOURCES | 40.00 | $282,026 | $0 | $42,297 | Yes (X) | ||
| DAVID ENGLER | |||||||
| VP OF INVESTMENT SERVICES | 40.00 | $270,245 | $0 | $49,130 | Yes (X) | ||
| DAVID WALTERS | |||||||
| VP CONSUMER LENDING | 40.00 | $240,341 | $0 | $33,981 | Yes (X) | ||
| JEFF SCHUETZ | |||||||
| VP OF PAYMENTS | 40.00 | $210,822 | $0 | $49,452 | Yes (X) | ||
| ERIC WILSON | |||||||
| BUSINES SERVICES CONSULTANT | 40.00 | $247,404 | $0 | $12,179 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,970,847 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $527,751 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 63 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HEALTH PARTNERS INC | |||||
| PO BOX 772648 | DETROIT | MI | 48277 | INSURANCE | $4,163,166 |
| FISERV INC | |||||
| PO BOX 934057 | ATLANTA | GA | 31193 | CORE OPERATING SYSTEM | $1,856,155 |
| Q2 DBA Q2 SOFTWARE INC | |||||
| PO BOX 205970 | DALLAS | TX | 75320 | ONLINE WEBSITE SYTEM PROVIDERS | $1,619,131 |
| ENGAGE FI LLC | |||||
| 5550 W EXECUTIVE DR STE 540 | TAMPA | FL | 33609 | DNA CORE CONSULTANTS | $1,060,930 |
| MERIDIANLINK INC | |||||
| PO BOX 846822 | LOS ANGELES | CA | 90084 | LOAN ORIGINATION SYSTEM | $627,634 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 36 | CntrctRcvdGreaterThan100KCnt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | Unrelated Business RevenueUnrelatedBusinessRevenueAmt |
|---|---|---|---|---|
| LOAN INTEREST INCOME | 522100 | $55,307,158 | $55,307,158 | |
| OTHER INCOME | 522100 | $10,037,436 | $10,037,436 | |
| FEE INCOME | 522100 | $5,099,261 | $4,800,111 | $299,150 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $70,443,855 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $16,914,171 | TotalRevenueColumnAmt |
| Exclusion | $16,914,171 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,974,096 | SecuritiesAmt |
| Other | $15,953,056 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $18,223,947 | SecuritiesAmt |
| Other | $12,588,338 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | -$249,851 | SecuritiesAmt |
| Other | $3,364,718 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,114,867 | TotalRevenueColumnAmt |
| Exclusion | $3,114,867 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER NON-INTEREST INCOME | Desc |
| Business | 522100 | BusinessCd |
| Total Revenue Column | $4,117,895 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $4,117,895 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $4,117,895 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $94,590,788 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $74,262,600 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $299,150 | UnrelatedBusinessRevenueAmt |
| Exclusion | $20,029,038 | ExclusionAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,800,552 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,060,721 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,162,142 | TotalAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,239,323 | TotalAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,457,791 | TotalAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,492,600 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $356,292 | TotalAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $102,368 | TotalAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,706,269 | TotalAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,054,986 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,889,876 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,141,381 | TotalAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $605,137 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,768,106 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,588,646 | TotalAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,000 | TotalAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt |
|---|---|
| PROVISION FOR CREDIT LO | $4,654,113 |
| LOAN SERVICING EXPENSE | $4,123,694 |
| MISCELLANEOUS | $3,679,906 |
| OPERATING FEES | $30,376 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,936,279 | TotalAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,366,280 | BOYAmt |
| EOY | $0 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $28,314,465 | BOYAmt |
| EOY | $0 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $298,026 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,939,887 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,121,314,790 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,376,754 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $0 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $0 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $36,507,307 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $485,725,229 | BOYAmt |
| EOY | $0 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $49,634,510 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,740,477,248 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $11,188,195 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $135,000,000 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,490,630,214 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,636,818,409 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Org Does Not Follow FASB117 | Yes (X) | OrgDoesNotFollowFASB117Ind |
Cap Stk Tr Prin Current Funds CapStkTrPrinCurrentFundsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Pd In Cap Srpls Land Bldg Eqp Fund PdInCapSrplsLandBldgEqpFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rtn Earn Endowment Incm Oth Fnds RtnEarnEndowmentIncmOthFndsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,658,839 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $103,658,839 | BOYAmt |
| EOY | $0 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,740,477,248 | BOYAmt |
| EOY | $0 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $5,654,509 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $101,510 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$109,414,858 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | 0 | FSAuditedInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Travel For Companions | Yes (X) | TravelForCompanionsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (12 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVE BODEN | ||||||||||||||
| CEO | $541,934 | $0 | $191,279 | $0 | $173,194 | $0 | $48,000 | $0 | $26,597 | $0 | $981,004 | $0 | $0 | $0 |
| AARON KASTNER | ||||||||||||||
| CFO | $255,941 | $0 | $79,937 | $0 | $34,443 | $0 | $22,500 | $0 | $29,251 | $0 | $422,072 | $0 | $0 | $0 |
| DEAN WARZALA | ||||||||||||||
| SENIOR VP OF LENDING | $237,515 | $0 | $65,138 | $0 | $27,467 | $0 | $30,000 | $0 | $28,990 | $0 | $389,110 | $0 | $0 | $0 |
| CHRISTINE CORDELL | ||||||||||||||
| SENIOR VP OF ORGANIZATIONA | $204,158 | $0 | $58,548 | $0 | $30,450 | $0 | $25,946 | $0 | $32,008 | $0 | $351,110 | $0 | $0 | $0 |
| MANFRED GABRIEL | ||||||||||||||
| VP HUMAN RESOURCES | $129,036 | $0 | $19,850 | $0 | $133,140 | $0 | $21,202 | $0 | $21,095 | $0 | $324,323 | $0 | $0 | $0 |
| BRIAN WHITE | ||||||||||||||
| SENIOR VP OF INFORMATION S | $211,418 | $0 | $60,424 | $0 | $23,049 | $0 | $675 | $0 | $26,870 | $0 | $322,436 | $0 | $0 | $0 |
| DAVID ENGLER | ||||||||||||||
| VP OF INVESTMENT SERVICES | $149,593 | $0 | $111,106 | $0 | $9,546 | $0 | $18,499 | $0 | $30,631 | $0 | $319,375 | $0 | $0 | $0 |
| GLEN DURBAHN | ||||||||||||||
| SENIOR VP OF MEMBER EXPERI | $171,924 | $0 | $90,898 | $0 | $23,370 | $0 | $13,425 | $0 | $10,219 | $0 | $309,836 | $0 | $0 | $0 |
| TARA GRAFF | ||||||||||||||
| SENIOR VP OF MARKETING | $181,085 | $0 | $57,170 | $0 | $667 | $0 | $14,789 | $0 | $31,442 | $0 | $285,153 | $0 | $0 | $0 |
| DAVID WALTERS | ||||||||||||||
| VP CONSUMER LENDING | $203,144 | $0 | $25,756 | $0 | $11,441 | $0 | $9,467 | $0 | $24,514 | $0 | $274,322 | $0 | $0 | $0 |
| JEFF SCHUETZ | ||||||||||||||
| VP OF PAYMENTS | $149,213 | $0 | $51,083 | $0 | $10,526 | $0 | $24,014 | $0 | $25,438 | $0 | $260,274 | $0 | $0 | $0 |
| ERIC WILSON | ||||||||||||||
| BUSINES SERVICES CONSULTANT | $163,940 | $0 | $43,333 | $0 | $40,131 | $0 | $9,476 | $0 | $2,703 | $0 | $259,583 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | COMPANION TRAVEL IS PROVIDED FOR OFFICER AND BOARD MEMBER SPOUSES ATTENDING CREDIT UNION RELATED CONFERENCES. |
| PART I, LINE 7 | INVESTMENT RETURN INCENTIVE PLAN. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp (7 entries)
| Relationship With OrgRelationshipWithOrgTxt | Loan PurposeLoanPurposeTxt | Loan From OrganizationLoanFromOrganizationInd | Original PrincipalOriginalPrincipalAmt | Balance DueBalanceDueAmt | DefaultDefaultInd | Board Or Committee ApprovalBoardOrCommitteeApprovalInd | Written AgreementWrittenAgreementInd |
|---|---|---|---|---|---|---|---|
| DAVID BODEN | |||||||
| CEO | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $4,000,000 | $0 | 0 | Yes (1) | Yes (1) |
| AARON KASTNER | |||||||
| CFO | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $1,150,000 | $0 | 0 | Yes (1) | Yes (1) |
| DEAN WARZALA | |||||||
| VP LENDING | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $1,500,000 | $0 | 0 | Yes (1) | Yes (1) |
| GLEN DURBAHN | |||||||
| VP MEMBER EXPERIENCE & BRANCH OPERATIONS | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $1,000,000 | $0 | 0 | Yes (1) | Yes (1) |
| TARA GRAFF | |||||||
| VP MARKETING & BUSINESS DEVELOPMENT | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $600,000 | $0 | 0 | Yes (1) | Yes (1) |
| BRIAN WHITE | |||||||
| VP INFORMATION SERVICES & TECHNOLOGY | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $1,250,000 | $0 | 0 | Yes (1) | Yes (1) |
| CHRISTINE CORDELL | |||||||
| VP ORGANIZATIONAL EFFECTIVENESS | SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 | Yes (X) | $700,000 | $0 | 0 | Yes (1) | Yes (1) |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE L, PART II | FormAndLineReferenceDesc |
| Explanation | NOTED THESE TO BE NON-RECOURSE PLANS THAT ARE RECORDED ON THE BALANCE SHEET AT ZERO DUE TO MERGER. BELOW ARE CSV AND ACTUAL LOAN BALANCES AS FOLLOWS:DAVID BODEN - LOAN BALANCE: $4,324,661 CSV: 3,914,918AARON KASTNER - LOAN BALANCE: $1,244,161 CSV: 1,152,192DEAN WARZALA - LOAN BALANCE: $1,622,818 CSV: 1,473,205GLEN DURBAHN - LOAN BALANCE: $1,081,879 CSV: 996,253TARA GRAFF - LOAN BALANCE: $649,127 CSV: 598,214BRIAN WHITE - LOAN BALANCE: $1,352,349 CSV: 1,235,116CHRISTINE CORDELL - LOAN BALANCE: $757,315 CSV: 673,595 | ExplanationTxt |
Schedule N IRS990ScheduleN
Liquidation Of Assets Table LiquidationOfAssetsTableGrp
Liquidation Of Assets Detail LiquidationOfAssetsDetail (11 entries)
| Assets Distri Or Expnss PaidAssetsDistriOrExpnssPaidDesc | DistributionDistributionDt | Fair Market Value Of AssetFairMarketValueOfAssetAmt | Method Of FMV DeterminationMethodOfFMVDeterminationTxt | EINEIN | Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | IRC SectionIRCSectionTxt |
|---|---|---|---|---|---|---|---|---|---|
| BLAZE CREDIT UNION | |||||||||
| NET LOANS | 2024-01-01 | $1,079,417,322 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| LAND, BUILDING & EQUIPMENT | 2024-01-01 | $18,689,210 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| INVESTMENTS | 2024-01-01 | $439,144,513 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| CASH, SAVINGS, & TEMPORARY INVESTMENTS | 2024-01-01 | $10,394,564 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| NCUSIF DEPOSIT | 2024-01-01 | $13,294,755 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| OTHER ASSETS | 2024-01-01 | $45,096,425 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| CORE DEPOSIT INTANGIBLE | 2024-01-01 | $34,851,024 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| MEMBERS' SHARE AND SAVINGS ACCOUNTS | 2024-01-01 | $1,396,586,335 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| BORROWED FUNDS | 2024-01-01 | $189,636,900 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| ACCRUED EXPENSES AND OTHER LIABILITIES | 2024-01-01 | $17,548,711 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| BLAZE CREDIT UNION | |||||||||
| GOODWILL | 2024-01-01 | $78,225,036 | FAIR VALUE | 410585825 | 2025 LARPENTEUR AVE W | FALCON HEIGHTS | MN | 55113 | 501(C)14 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Director Of Successor | Yes (1) | DirectorOfSuccessorInd |
| Employee Of Successor | Yes (1) | EmployeeOfSuccessorInd |
| Owner Of Successor | 0 | OwnerOfSuccessorInd |
| Receive Compensation | 0 | ReceiveCompensationInd |
| Assets Distributed | Yes (1) | AssetsDistributedInd |
| Required To Notify AG | Yes (1) | RequiredToNotifyAGInd |
| Attorney General Notified | Yes (1) | AttorneyGeneralNotifiedInd |
| Liabilities Paid | Yes (1) | LiabilitiesPaidInd |
| Bonds Outstanding | 0 | BondsOutstandingInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2E: | FormAndLineReferenceDesc |
| Explanation | EXPLANATION OF INVOLVEMENT: HIWAY BOARD OF DIRECTORS WERE ACQUIRED AND BROUGHT ON AS DIRECTORS ON THE BLAZE BOARD. HIWAY EMPLOYEES WERE ACQUIRED FROM THE MERGER. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 | CHIEF FINANCIAL OFFICER AND CEO WILL REVIEW 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2023. |
| 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 OCI FROM DEFINED BENEFIT AND POSTRETIREMENT BENEFIT PLANS 10,718,042. NET ASSETS TRANSFERRED IN MERGER -120,132,900. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HIWAY CREDIT UNION FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 804 WESTMINSTER ST | AddressLine1Txt |
| City | ST PAUL | CityNm |
| State Abbreviation | MN | StateAbbreviationCd |
| ZIP | 55130 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 814112454 | EIN |
| Primary Activities | FOUNDATION | PrimaryActivitiesTxt |
| Legal Domicile State | MN | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 10 | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | HIWAY CREDIT UNION | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | Yes (1) | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp
Other Organization Name OtherOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NO TRANSACTIONS OVER 50000 | BusinessNameLine1Txt |