Dec, 31, 2022 — ANOKA HENNEPIN CREDIT UNION is a federally insured state chartered credit union headquartered in COON RAPIDS, MN with 5 branch locations and about $295.72 million in total assets. Opened 60 years ago in 1963, ANOKA HENNEPIN CREDIT UNION has about 18,178 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: | 18,178 |
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, 2022 |
FHLB Member: | No |
Low Income Designation: | No |
Assets: | $295,716,013 |
CEO/Manager: | Jeff Claussen |
Chairperson: | Jim Gaffney |
ASSETS: | $ Amount |
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Cash & Equivalents | 35,182,639 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 62,382,112 |
Unsecured Loans | 9,590,259 |
Other Loans | 60,618,795 |
TOTAL LOANS | 132,591,166 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -606,943 |
Land And Building | 4,732,623 |
Other Fixed Assets | 1,105,130 |
NCUSIF Deposit | 2,485,483 |
All Other Assets | 18,900 |
TOTAL ASSETS | 295,716,013 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 19,763 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 2,206,942 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 60,756,682 |
Regular shares | 140,323,774 |
All Other Shares & Deposits | 69,858,604 |
TOTAL SHARES & DEPOSITS | 270,939,060 |
TOTAL LIABILITIES | 273,165,765 |
Regular Reserve | 0 |
Other Reserves | 0 |
Undivided Earnings | 22,550,248 |
TOTAL EQUITY | 22,550,248 |
TOTAL LIABILITIES, SHARES, & EQUITY | 295,716,013 |
INCOME & EXPENSE | |
Loan Income | 4,132,622 |
Investment Income | 996,695 |
Other Income | 1,050,144 |
Total Employee Compensation & Benefits | 3,585,778 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 3,003,529 |
Non-operating Income & (Expense) | -3,184 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 85,000 |
Cost of Funds | 163,778 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,163,513 |
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