Dec, 31, 2022 — 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 |
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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 |
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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 |
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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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