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 |
|---|---|
| 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 |
|---|---|
| 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 |
|---|---|
| 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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