Jun, 30, 2023 — ASSOCIATED HEALTHCARE CREDIT UNION is a federally insured state chartered credit union headquartered in Woodbury, MN with 6 branch locations and about $156.17 million in total assets. Opened 70 years ago in 1953, ASSOCIATED HEALTHCARE CREDIT UNION has about 12,838 members and employs 24 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ASSOCIATED HEALTHCARE CREDIT UNION |
|---|---|
| Address: (Main Office) | 6789 Upper Afton Rd Woodbury, MN 55125 |
| Phone: | (651) 383-4000 |
| Fax: | |
| Website: | https://www.ahcu.org |
| Branches: | 6 branch locations |
| Members: | 12,838 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 60466 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1953 |
| Last Audited: | Jun 01, 2022 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $156,174,261 |
| CEO/Manager: | Theresa Malone |
| Chairperson: | Thomas Gavinski |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 5,523,167 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 52,099,363 |
| Unsecured Loans | 8,193,280 |
| Other Loans | 63,835,718 |
| TOTAL LOANS | 124,128,361 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -219,612 |
| Land And Building | 716,185 |
| Other Fixed Assets | 125,696 |
| NCUSIF Deposit | 1,335,735 |
| All Other Assets | 10,300 |
| TOTAL ASSETS | 156,174,261 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 885,435 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 27,429,213 |
| Regular shares | 68,844,132 |
| All Other Shares & Deposits | 43,145,646 |
| TOTAL SHARES & DEPOSITS | 139,418,991 |
| TOTAL LIABILITIES | 140,304,426 |
| Regular Reserve | 0 |
| Other Reserves | 2,658,067 |
| Undivided Earnings | 13,211,768 |
| TOTAL EQUITY | 15,869,835 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 156,174,261 |
| INCOME & EXPENSE | |
| Loan Income | 2,790,018 |
| Investment Income | 232,394 |
| Other Income | 543,205 |
| Total Employee Compensation & Benefits | 1,283,084 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 1,777,708 |
| Non-operating Income & (Expense) | -2,220 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 8,003 |
| Cost of Funds | 213,433 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 1,197,392 |
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