2024-11-15T13:59:48-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2023-01-01 410313750 HIWAY CREDIT UNION HIWA 6512596450 840 WESTMINSTER ST SAINT PAUL MN 55130 JUSTIN BURLESON SVP/COO/CFO 6512596450 2024-11-15 1 0 TANYA MEDGAARDEN P01717240 5074347000 2024-11-15 2023 2024-10-15 13:58:12Z X JUSTIN BURLESON 840 WESTMINSTER ST SAINT PAUL MN 55130 125403073 0 X WWW.HIWAY.ORG X CREDIT UNION 1931 MN TO PROVIDE MEMBERS WITH FINANCIAL SERVICES. X 9 9 306 17 299150 0 0 0 55623856 70443855 9771257 20029038 834694 4117895 66229807 94590788 55000 0 8100614 14800552 25547230 30412577 0 0 0 23746678 43723150 57449522 88936279 8780285 5654509 1740477248 0 1636818409 0 103658839 0 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 1 1 0 0 1 62094 0 1 306 1 1 1 0 0 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 1 1 MN X DAVE BODEN 6512911515 840 WESTMINSTER ST ST PAUL MN 55130 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 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 PATRICK MCGUINESS BOARD MEMBER 2.50 X 0 0 0 SUE MULVIHILL 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 906407 0 74597 AARON KASTNER CFO 40.00 X 370321 0 51751 DEAN WARZALA SENIOR VP OF LENDING 40.00 X 330120 0 58990 CHRISTINE CORDELL SENIOR VP OF ORGANIZATIONA 40.00 X 293156 0 57954 BRIAN WHITE SENIOR VP OF INFORMATION S 40.00 X 294891 0 27545 GLEN DURBAHN SENIOR VP OF MEMBER EXPERI 40.00 X 286192 0 23644 TARA GRAFF SENIOR VP OF MARKETING 40.00 X 238922 0 46231 MANFRED GABRIEL VP HUMAN RESOURCES 40.00 X 282026 0 42297 DAVID ENGLER VP OF INVESTMENT SERVICES 40.00 X 270245 0 49130 DAVID WALTERS VP CONSUMER LENDING 40.00 X 240341 0 33981 JEFF SCHUETZ VP OF PAYMENTS 40.00 X 210822 0 49452 ERIC WILSON BUSINES SERVICES CONSULTANT 40.00 X 247404 0 12179 3970847 0 527751 63 0 1 0 HEALTH PARTNERS INC PO BOX 772648 DETROIT MI 48277 INSURANCE 4163166 FISERV INC PO BOX 934057 ATLANTA GA 31193 CORE OPERATING SYSTEM 1856155 Q2 DBA Q2 SOFTWARE INC PO BOX 205970 DALLAS TX 75320 ONLINE WEBSITE SYTEM PROVIDERS 1619131 ENGAGE FI LLC 5550 W EXECUTIVE DR STE 540 TAMPA FL 33609 DNA CORE CONSULTANTS 1060930 MERIDIANLINK INC PO BOX 846822 LOS ANGELES CA 90084 LOAN ORIGINATION SYSTEM 627634 36 LOAN INTEREST INCOME 522100 55307158 55307158 OTHER INCOME 522100 10037436 10037436 FEE INCOME 522100 5099261 4800111 299150 70443855 16914171 16914171 17974096 15953056 18223947 12588338 -249851 3364718 3114867 3114867 OTHER NON-INTEREST INCOME 522100 4117895 4117895 4117895 94590788 74262600 299150 20029038 14800552 3060721 19162142 3239323 3457791 1492600 356292 102368 3706269 2054986 10889876 2141381 605137 9768106 1588646 22000 PROVISION FOR CREDIT LO 4654113 LOAN SERVICING EXPENSE 4123694 MISCELLANEOUS 3679906 OPERATING FEES 30376 88936279 7366280 0 28314465 0 0 298026 0 9939887 0 0 1121314790 0 0 1376754 0 0 0 36507307 0 0 0 485725229 0 0 49634510 0 1740477248 0 11188195 0 135000000 0 1490630214 0 1636818409 0 X 0 0 0 0 103658839 0 103658839 0 1740477248 0 X 5654509 101510 -109414858 X X 0 0 0 X 1 1 X X X X 0 1 0 DAVE BODEN CEO 541934 0 191279 0 173194 0 48000 0 26597 0 981004 0 0 0 AARON KASTNER CFO 255941 0 79937 0 34443 0 22500 0 29251 0 422072 0 0 0 DEAN WARZALA SENIOR VP OF LENDING 237515 0 65138 0 27467 0 30000 0 28990 0 389110 0 0 0 CHRISTINE CORDELL SENIOR VP OF ORGANIZATIONA 204158 0 58548 0 30450 0 25946 0 32008 0 351110 0 0 0 MANFRED GABRIEL VP HUMAN RESOURCES 129036 0 19850 0 133140 0 21202 0 21095 0 324323 0 0 0 BRIAN WHITE SENIOR VP OF INFORMATION S 211418 0 60424 0 23049 0 675 0 26870 0 322436 0 0 0 DAVID ENGLER VP OF INVESTMENT SERVICES 149593 0 111106 0 9546 0 18499 0 30631 0 319375 0 0 0 GLEN DURBAHN SENIOR VP OF MEMBER EXPERI 171924 0 90898 0 23370 0 13425 0 10219 0 309836 0 0 0 TARA GRAFF SENIOR VP OF MARKETING 181085 0 57170 0 667 0 14789 0 31442 0 285153 0 0 0 DAVID WALTERS VP CONSUMER LENDING 203144 0 25756 0 11441 0 9467 0 24514 0 274322 0 0 0 JEFF SCHUETZ VP OF PAYMENTS 149213 0 51083 0 10526 0 24014 0 25438 0 260274 0 0 0 ERIC WILSON BUSINES SERVICES CONSULTANT 163940 0 43333 0 40131 0 9476 0 2703 0 259583 0 0 0 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. DAVID BODEN CEO SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 4000000 0 0 1 1 AARON KASTNER CFO SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1150000 0 0 1 1 DEAN WARZALA VP LENDING SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1500000 0 0 1 1 GLEN DURBAHN VP MEMBER EXPERIENCE & BRANCH OPERATIONS SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1000000 0 0 1 1 TARA GRAFF VP MARKETING & BUSINESS DEVELOPMENT SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 600000 0 0 1 1 BRIAN WHITE VP INFORMATION SERVICES & TECHNOLOGY SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1250000 0 0 1 1 CHRISTINE CORDELL VP ORGANIZATIONAL EFFECTIVENESS SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 700000 0 0 1 1 SCHEDULE L, PART II 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 NET LOANS 2024-01-01 1079417322 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 LAND, BUILDING & EQUIPMENT 2024-01-01 18689210 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 INVESTMENTS 2024-01-01 439144513 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 CASH, SAVINGS, & TEMPORARY INVESTMENTS 2024-01-01 10394564 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 NCUSIF DEPOSIT 2024-01-01 13294755 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 OTHER ASSETS 2024-01-01 45096425 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 CORE DEPOSIT INTANGIBLE 2024-01-01 34851024 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 MEMBERS' SHARE AND SAVINGS ACCOUNTS 2024-01-01 1396586335 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 BORROWED FUNDS 2024-01-01 189636900 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 ACCRUED EXPENSES AND OTHER LIABILITIES 2024-01-01 17548711 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 GOODWILL 2024-01-01 78225036 FAIR VALUE 410585825 BLAZE CREDIT UNION 2025 LARPENTEUR AVE W FALCON HEIGHTS MN 55113 501(C)14 1 1 0 0 1 1 1 1 0 PART I, LINE 2E: 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. 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. 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 NO TRANSACTIONS OVER 50000