As member-owners of Hiway Federal Credit Union, you will be pleased to know that 2017 was an outstanding year for your credit union. From our founding in 1931 at the Minnesota Highway Department, we have grown to serve more than 70,000 members.
We finished the year with $1.10 billion in assets, $299 million in loan production (up from $274 million the year before), and record debit and credit card transactions of $396 million (up from $371 million). In addition to our strong growth, we had a good income year as well, with a return on assets of 0.73%.
These strong earnings allowed Hiway to maintain competitive, market-leading loan rates and savings rates as we invest in people, technology and new products and services. We ended the year with a very healthy capital ratio of 11.20% — a level sufficient to protect us from short-term market risks and position ourselves to be here to serve our members for many more years to come.
Hear about Hiway from real members.
