Dec, 31, 2023 — ASSOCIATED HEALTHCARE CREDIT UNION is a federally insured state chartered credit union headquartered in WOODBURY, MN with 5 branch locations and about $156.52 million in total assets. Opened 71 years ago in 1953, ASSOCIATED HEALTHCARE CREDIT UNION has about 12,549 members and employs 23 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: | 5 branch locations |
Members: | 12,549 |
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, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $156,518,551 |
CEO/Manager: | Theresa Malone |
Chairperson: | Joe Clubb |
ASSETS: | $ Amount |
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Cash & Equivalents | 8,712,106 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 53,498,316 |
Unsecured Loans | 8,531,251 |
Other Loans | 65,540,962 |
TOTAL LOANS | 127,570,529 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -675,699 |
Land And Building | 1,014,149 |
Other Fixed Assets | 70,406 |
NCUSIF Deposit | 1,349,294 |
All Other Assets | 0 |
TOTAL ASSETS | 156,518,551 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 0 |
Accounts Payable & Other Liabilities | 51,757 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 25,863,464 |
Regular shares | 52,612,656 |
All Other Shares & Deposits | 59,782,261 |
TOTAL SHARES & DEPOSITS | 138,258,381 |
TOTAL LIABILITIES | 138,310,138 |
Regular Reserve | 0 |
Other Reserves | 3,138,260 |
Undivided Earnings | 15,070,153 |
TOTAL EQUITY | 18,208,413 |
TOTAL LIABILITIES, SHARES, & EQUITY | 156,518,551 |
INCOME & EXPENSE | |
Loan Income | 5,196,701 |
Investment Income | 789,468 |
Other Income | 754,166 |
Total Employee Compensation & Benefits | 1,782,072 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 2,679,667 |
Non-operating Income & (Expense) | 900 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 188,758 |
Cost of Funds | 1,089,183 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 1,906,214 |
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