Dec, 31, 2023 — ANOKA HENNEPIN CREDIT UNION is a federally insured state chartered credit union headquartered in COON RAPIDS, MN with 5 branch locations and about $278.82 million in total assets. Opened 61 years ago in 1963, ANOKA HENNEPIN CREDIT UNION has about 18,600 members and employs 59 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | ANOKA HENNEPIN CREDIT UNION |
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Address: (Main Office) | 3505 Northdale Blvd NW COON RAPIDS, MN 55448 |
Phone: | (763) 422-0290 |
Fax: | (763) 422-0458 |
Website: | https://www.ahcu.coop |
Branches: | 5 branch locations |
Members: | 18,600 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 60148 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1963 |
Last Audited: | Mar 01, 2023 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $278,823,571 |
CEO/Manager: | Jeff Claussen |
Chairperson: | Terry Anderson |
ASSETS: | $ Amount |
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Cash & Equivalents | 5,773,026 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 73,529,861 |
Unsecured Loans | 10,990,869 |
Other Loans | 76,757,639 |
TOTAL LOANS | 161,278,369 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -651,376 |
Land And Building | 4,798,683 |
Other Fixed Assets | 877,508 |
NCUSIF Deposit | 2,505,291 |
All Other Assets | 8,650 |
TOTAL ASSETS | 278,823,571 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 84,489 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,357,143 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 59,589,835 |
Regular shares | 118,390,050 |
All Other Shares & Deposits | 73,805,375 |
TOTAL SHARES & DEPOSITS | 251,785,260 |
TOTAL LIABILITIES | 254,226,892 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 24,596,679 |
TOTAL EQUITY | 24,596,679 |
TOTAL LIABILITIES, SHARES, & EQUITY | 278,823,571 |
INCOME & EXPENSE | |
Loan Income | 7,606,962 |
Investment Income | 2,022,033 |
Other Income | 1,421,068 |
Total Employee Compensation & Benefits | 5,723,207 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 4,442,575 |
Non-operating Income & (Expense) | -3,233 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 218,660 |
Cost of Funds | 1,074,245 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,668,294 |
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