2023-08-02T11:39:41-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2022-01-01 410313750 HIWAY CREDIT UNION HIWA 6512596450 840 WESTMINSTER ST SAINT PAUL MN 55130 AARON KASTNER CHIEF FINANCIAL OFFICER 6512596450 2023-07-31 1 AARON KASTNER 999009999 0 TANYA MEDGAARDEN P01717240 5074347000 2023-07-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DAVE BODEN 840 WESTMINSTER ST SAINT PAUL MN 55130 104333793 0 X WWW.HIWAY.ORG X CREDIT UNION 1931 MN TO PROVIDE MEMBERS WITH FINANCIAL SERVICES. 9 9 308 17 352230 0 0 0 55197344 55623856 7978597 9771257 709655 834694 63885596 66229807 55000 55000 9324036 8100614 25616964 25547230 0 0 0 18491419 23746678 53487419 57449522 10398177 8780285 1671090532 1740477248 1522210747 1636818409 148879785 103658839 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 1 1 1 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 1 120 0 1 308 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 AARON KASTNER 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 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 557155 0 138902 AARON KASTNER CFO 40.00 X 312473 0 93788 GLEN DURBAHN SENIOR VP OF MEMBER EXPERI 40.00 X 239844 0 116209 BRIAN WHITE SENIOR VP OF INFORMATION S 40.00 X 240927 0 102872 DEAN WARZALA SENIOR VP OF LENDING 40.00 X 239749 0 92351 CHRISTINE CORDELL SENIOR VP OF ORGANIZATIONA 40.00 X 223194 0 79763 TARA GRAFF SENIOR VP OF MARKETING 40.00 X 219576 0 62348 DAVID ENGLER VP OF INVESTMENT SERVICES 40.00 X 269217 0 147686 PATRICK FARRINGTON VP OF BUSINESS SERVICES 40.00 X 214560 0 51108 MANFRED GABRIEL VP HUMAN RESOURCES 40.00 X 194839 0 95722 SCOTT EKHOLM LPL FINANCIAL PLANNER/WEAL 40.00 X 192255 0 126870 KONG THAO MORTGAGE SALES 40.00 X 205434 0 66478 3109223 0 1174097 49 0 1 0 HEALTH PARTNERS INC PO BOX 1289 MINNEAPOLIS MN 554401289 INSURANCE 3973512 Q2 DBA Q2 SOFTWARE INC 10355 PECAN PARK BOULEVARD AUSTIN TX 78729 SOFTWARE 1684568 CARLSON-LAVINE INC 2965 PARTRIDGE ROAD ROSEVILLE MN 55113 CONSTRUCTION 1188885 FISERV INC 255 FISERV DRIVE BROOKFIELD WI 53045 SOFTWARE 957486 NUSOURCE FINANCIAL LLC 9749 HAMILTON ROAD EDEN PRAIRIE MN 55344 ATM'S 577342 30 LOAN INTEREST INCOME 522100 40651530 40651530 OTHER INCOME 522100 9473909 9473909 FEE INCOME 522100 5498417 5146187 352230 55623856 10189814 10189814 37685429 38103986 -418557 -418557 -418557 OTHER NON-INTEREST INCOME 522100 834694 834694 834694 66229807 56106320 352230 9771257 55000 8100614 2719151 14840643 2886109 3628356 1472971 192212 83007 1924627 1665060 9196855 1905477 464510 1463095 1481197 26714 LOAN SERVICING EXPENSE 3143400 PROVISION FOR LOAN LOSS 1787994 MISCELLANEOUS 363152 OPERATING FEES 49378 57449522 15026287 7366280 55681238 28314465 298026 10150040 9939887 938274615 1121314790 1713734 1376754 59237086 22729779 31510089 36507307 561312613 485725229 57421916 49634510 1671090532 1740477248 9057338 11188195 135000000 1513153409 1490630214 1522210747 1636818409 X 0 0 0 0 148879785 103658839 148879785 103658839 1671090532 1740477248 X 8780285 -48514946 -5486285 X X 1 X 1 X 1 0 8562003 8562003 34218895 9965073 24253822 16456188 12764706 3691482 36507307 AVAILABLE FOR SALE INVESTMENTS 477919829 F FHLB STOCK 7405400 C OTHER INVESTMENTS 400000 C 485725229 NONMEMBER DEPOSITS 10 MEMBER SHARES OF ALL TYPES 1490630204 1490630214 X 65395112 -834695 -834695 66229807 0 66229807 56614828 -834694 -834694 57449522 0 57449522 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER INTERNAL REVENUE CODE 501(C)(14), FROM FEDERAL AND STATE INCOME TAXES. PART XI, LINE 2D - OTHER ADJUSTMENTS: NON-OP INCOME EXPENSE -834,694. ROUNDING -1. PART XII, LINE 2D - OTHER ADJUSTMENTS: NON-OP INCOME EXPENSE -834,694. 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. 1 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 X 1 1 X X X X 0 1 0 DAVE BODEN CEO 361358 0 122305 0 73492 0 112451 0 26451 0 696057 0 0 0 DAVID ENGLER VP OF INVESTMENT SERVICES 96847 0 145177 0 27193 0 116892 0 30794 0 416903 0 0 0 AARON KASTNER CFO 240118 0 63932 0 8423 0 64886 0 28902 0 406261 0 0 0 GLEN DURBAHN SENIOR VP OF MEMBER EXPERI 187528 0 41212 0 11104 0 105977 0 10232 0 356053 0 0 0 BRIAN WHITE SENIOR VP OF INFORMATION S 196531 0 39672 0 4724 0 74035 0 28837 0 343799 0 0 0 DEAN WARZALA SENIOR VP OF LENDING 186175 0 42095 0 11479 0 63589 0 28762 0 332100 0 0 0 SCOTT EKHOLM LPL FINANCIAL PLANNER/WEAL 60765 0 131373 0 117 0 95642 0 31228 0 319125 0 0 0 CHRISTINE CORDELL SENIOR VP OF ORGANIZATIONA 161592 0 39893 0 21709 0 48172 0 31591 0 302957 0 0 0 MANFRED GABRIEL VP HUMAN RESOURCES 155814 0 26456 0 12569 0 64136 0 31586 0 290561 0 0 0 TARA GRAFF SENIOR VP OF MARKETING 179414 0 39922 0 240 0 32563 0 29785 0 281924 0 0 0 KONG THAO MORTGAGE SALES 41021 0 164265 0 148 0 55578 0 10900 0 271912 0 0 0 PATRICK FARRINGTON VP OF BUSINESS SERVICES 183641 0 26263 0 4656 0 26395 0 24713 0 265668 0 0 0 PART I, LINE 7 INVESTMENT RETURN INCENTIVE PLAN. DAVID BODEN CEO SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 4000000 3954796 0 1 1 AARON KASTNER CFO SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1150000 1117154 0 1 1 DEAN WARZALA VP LENDING SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1500000 1435599 0 1 1 GLEN DURBAHN VP MEMBER EXPERIENCE & BRANCH OPERATIONS SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1000000 967358 0 1 1 TARA GRAFF VP MARKETING & BUSINESS DEVELOPMENT SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 600000 580719 0 1 1 BRIAN WHITE VP INFORMATION SERVICES & TECHNOLOGY SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 1250000 1201624 0 1 1 CHRISTINE CORDELL VP ORGANIZATIONAL EFFECTIVENESS SPLIT-DOLLAR LIFE INSURANCE UNDER REG. 1.7872-15 X 700000 682637 0 1 1 9939887 SCHEDULE L, PART II NOTED THESE TO BE NON-RECOURSE PLANS THAT ARE RECORDED ON THE BALANCE SHEET AT THE LOWER OF LOAN BALANCE OR CASH SURRENDER VALUE. BECAUSE THE CASH SURRENDER VALUE WAS LOWER, WE REPORTED THAT AMOUNT FOR BALANCE SHEET PURPOSES. HOWEVER, THE ACTUAL LOAN BALANCE IS AS FOLLOWS:DAVID BODEN - $4,242,359AARON KASTNER - $1,220,483DEAN WARZALA - $1,591,935GLEN DURBAHN - $1,061,290TARA GRAFF - $636,774BRIAN WHITE - $1,326,612CHRISTINE CORDELL - $742,903 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 2022 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 -5,486,285. 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