2024-05-09T11:09:09-05:00 2023-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2023-01-01 416036540 ANOKA HENNEPIN CREDIT UNION ANOK 7634220290 3505 NORTHDALE BLVD NW COON RAPIDS MN 554486742 JEFFREY CLAUSSEN PRESIDENT & CEO 7634220290 2024-05-08 1 JEFFREY CLAUSSEN 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2024-04-26 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z JEFFREY CLAUSSEN 3505 NORTHDALE BLVD NW COON RAPIDS MN 554486742 13201947 0 X WWW.AHCU.COOP X 1963 MN MEMBERS HELPING MEMBERS IN A COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATION, WITH THE GOAL OF BECOMING OUR MEMBERS' PRIMARY FINANCIAL INSTITUTION; PROTECTING MEMBERS' ASSETS AND PROVIDING PERSONAL, CONVENIENT, AND COMPETITIVE SERVICES. 8 8 71 10 80030 0 0 0 9344625 11108181 1779331 1889043 0 0 11123956 12997224 0 0 0 0 4981746 5735097 0 0 0 4473090 5723590 9454836 11458687 1669120 1538537 293865690 278823571 270937305 254226892 22928385 24596679 X MEMBERS HELPING MEMBERS IN A COMMUNITY-BASED, NOT-FOR-PROFIT ORGANIZATION, WITH THE GOAL OF BECOMING OUR MEMBERS' PRIMARY FINANCIAL INSTITUTION; PROTECTING MEMBERS' ASSETS AND PROVIDING PERSONAL, CONVENIENT, AND COMPETITIVE SERVICES. 0 0 MEMBERSHIP - ANOKA HENNEPIN CREDIT UNION SERVED THE FINANCIAL NEEDS OF 18,600 MEMBERS. AN AVERAGE OF 5.75 PRODUCTS AND SERVICES WERE USED PER MEMBER AS OF DECEMBER 31, 2023. SAVINGS - ANOKA HENNEPIN CREDIT UNION PROVIDED 35,611 SAVINGS PRODUCTS TO MEMBERS. THIS INCLUDES SHARE ACCOUNTS, SHARE DRAFT ACCOUNTS, IRAS, SHARE CERTIFICATES, AND MONEY MARKET ACCOUNTS. LOANS - ANOKA HENNEPIN CREDIT UNION PROVIDED 9,015 LOAN PRODUCTS TO MEMBERS, INCLUDING REAL ESTATE, VEHICLE, OTHER SECURED, UNSECURED, AND CREDIT CARD LOANS. OTHER PROGRAM SERVICES -ANOKA HENNEPIN CREDIT UNION ALSO PROVIDED OTHER SERVICES TO ITS MEMBERS LIKE BILL PAYMENT, DEBIT CARDS, E-STATEMENTS, ONLINE BANKING, MOBILE BANKING, MOBILE CHECK DEPOSIT, TELEPHONE BANKING, INSURANCE PRODUCTS, AND SAFE DEPOSIT BOXES. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 1 2049 0 1 71 1 1 1 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 1 1 0 X X MARTIN WALIGORA CFO 7634220290 3505 NORTHDALE BLVD NW COON RAPIDS MN 554486742 MARK UNDIS DIRECTOR 1.00 1.00 X 970 0 0 JIM GAFFNEY CHAIRPERSON 1.00 X 1350 0 0 TERRY ANDERSON VICE CHAIRPERSON 1.00 1.00 X 1210 0 0 JAMES CALDWELL DIRECTOR 1.00 X 1020 0 0 STACY GERRETY SECRETARY 1.00 X 1080 0 0 JOEL HALL DIRECTOR (THRU 12/2023) 1.00 X 420 0 0 CHRISTIAN MELBERG DIRECTOR (THRU 09/2023) 1.00 X 350 0 0 TODD PROULX DIRECTOR 1.00 X 2210 0 0 DR PATRICK NAPOLI DIRECTOR 1.00 X 740 0 0 JEFFREY CLAUSSEN PRESIDENT & CEO 40.00 1.00 X 326456 0 39821 MARTIN WALIGORA VP OF FINANCE & CFO 40.00 X 197637 0 22367 RICK GONNERMAN CIO 40.00 X 234758 0 21308 THERESA TOSTENGARD SVP/GENERAL COUNSEL 32.00 X 183548 0 41096 CHRIS OLSEN VP LENDING 40.00 X 183477 0 10996 HEATHER HERNANDEZ VIVEROS VP HUMAN RESOURCES 40.00 X 136467 0 10677 KATHERINE FRIAS VP OPERATIONS 40.00 X 107978 0 22418 ANGELA JENSEN BSA & COMPLIANCE OFFICER 40.00 X 118143 0 6355 1497814 0 175038 8 0 1 0 CASE FINANCIAL 701 WEAVER BLVD ANOKA MN 55303 ATM MAINTENANCE 171970 HEARTLAND BUSINESS SYSTEMS LLC PO BOX 856846 MINNEAPOLIS MN 55485 IT SERVICES 170833 CORELATION INC 2305 HISTORIC DECATUR RD SAN DIEGO CA 92106 ACCCOUNTING SOFTWARE 131798 ACI ASPHALT & CONCRETE INC PO BOX 1656 MAPLE GROVE MN 55311 PAVING CONTRACTOR 127020 NEXGEN EXTERIORS INC 800 LUND BLVD ANOKA MN 55303 BUILDING CONTRACTOR 113235 8 INTEREST ON LOANS 522100 7606962 7606962 DEBIT AND CREDIT CARD INCOME 522100 1542551 1542551 FEE INCOME 522100 1520234 1440204 80030 COMMISSION INCOME 522100 151325 151325 287109 287109 11108181 1892276 1892276 201490 204723 -3233 -3233 -3233 12997224 11028151 80030 1889043 1087338 3470721 282246 557538 337254 89963 62471 174841 159550 546494 991410 479739 3249 47127 456911 73236 DIVIDENDS ON MEMBER SHA 1074245 DEBIT & CREDIT CARD EXP 709639 LOAN SERVICING EXPENSE 541442 CREDIT LOSS EXPENSE 218660 94613 11458687 2943162 3031694 25616227 2741332 1018244 1435500 1998772 2018959 137638976 160626993 266184 200567 10306093 4629902 5575162 5676191 78825529 73457793 32669624 22401624 7313810 7232918 293865690 278823571 1975856 2434688 23611 6944 268937838 251785260 270937305 254226892 X 0 0 0 0 22928385 24596679 22928385 24596679 293865690 278823571 1538537 129757 0 X 0 0 0 1305610 1305610 6004808 2511734 3493074 391869 265042 126827 2603806 1853126 750680 5676191 TIME DEPOSITS 22072000 C PERPETUAL CONTRIBUTED CAPITAL 329624 C 22401624 MEMBER SHARES & SAVINGS 251785260 251785260 1 X X 0 1 0 JEFFREY CLAUSSEN PRESIDENT & CEO 281689 0 36495 0 8272 0 8757 0 31064 0 366277 0 0 0 RICK GONNERMAN CIO 153196 0 81562 0 0 0 0 0 21308 0 256066 0 0 0 THERESA TOSTENGARD SVP/GENERAL COUNSEL 158707 0 20340 0 4501 0 9411 0 31685 0 224644 0 0 0 MARTIN WALIGORA VP OF FINANCE & CFO 170569 0 17357 0 9711 0 9456 0 12911 0 220004 0 0 0 CHRIS OLSEN VP LENDING 157012 0 15730 0 10735 0 8672 0 2324 0 194473 0 0 0 PART I, LINE 4B JEFFREY CLAUSEN PARTICIPATES IN A SPLIT-DOLLAR LIFE INSURANCE PLAN WITH THE ORGANIZATION. NO AMOUNT WAS DISTRIBUTED FROM THIS PLAN DURING 2023. JEFFREY CLAUSEN PRESIDENT & CEO SPLIT-DOLLAR LIFE INSURANCE X 1959000 2018959 0 1 1 2018959 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN AHCU IS COMPOSED OF THOSE WHO ARE EMPLOYEES AND RETIREES OF ANOKA HENNEPIN SCHOOL DIST. #11; ANOKA HENNEPIN TECHNICAL COLLEGE; FEDERAL PREMIUM AMMUNITION; HOFFMAN ENCLOSURES, INC.; GRACO, INC.; ANOKA HENNEPIN CREDIT UNION; AND THEIR SUBSIDIARIES; AND THOSE PERSONS WHO LIVE, WORK, WORSHIP, VOLUNTEER OR ATTEND SCHOOL IN, AND BUSINESSES AND OTHER ENTITIES LOCATED IN, ANOKA, BENTON, CHISAGO, HENNEPIN, KANABEC, ISANTI, PINE, RAMSEY AND WASHINGTON COUNTIES OF MINNESOTA; AND WHO SUBSCRIBE TO AND MAINTAIN AT LEAST ONE SHARE AS DESIGNATED BY THE BOARD OF DIRECTORS (HEREINAFTER "BOARD"), PAY THE INITIAL INSTALLMENT THEREON AND THE ENTRANCE FEE IF ANY. IN ADDITION TO A REGULARLY QUALIFIED MEMBER, THE SPOUSE OF A MEMBER, THE BLOOD, OR ADOPTIVE RELATIVES OF EITHER OF THEM AND THEIR SPOUSES, AND THE HOUSEHOLD MEMBER OF A MEMBER MAY BE MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A ALL PRIMARY MEMBERS HAVE THE RIGHT TO VOTE TO ELECT MEMBERS TO OUR GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ALL ELIGIBLE MEMBERS MAY VOTE ON CHANGES TO THE BYLAWS OF ANOKA HENNEPIN CREDIT UNION, APPROVAL OF DIRECTOR STIPENDS, THE REMOVAL OF DIRECTORS, OR THE REMOVAL OF ANOTHER MEMBER UNDER CERTAIN CIRCUMSTANCES. FORM 990, PART VI, SECTION A, LINE 8B THE COMMITTEES ARE NOT GRANTED AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B THE FINAL COPY OF THE FORM 990 IS AVAILABLE TO EACH VOTING MEMBER OF THE GOVERNING BODY VIA A BOARD MEMBER WEBSITE AFTER THE CEO AND CFO DO AN INITIAL REVIEW AND PRIOR TO THE RETURN BEING FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C CONFLICTS OF INTEREST ARE MONITORED BY INTERNAL AUDITS, EXTERNAL AUDITS, AND NCUA AND STATE EXAMS. (1) ALL EMPLOYEES ARE COVERED BY THE POLICY, INCLUDING MEMBERS OF MANAGEMENT AND THE BOARD OF DIRECTORS. (2) DETERMINATIONS ARE MADE BY THE PRESIDENT AND CEO. (3) ACTUAL CONFLICTS ARE REVIEWED BY THE CHAIRPERSON OF THE BOARD AND THE MANAGEMENT TEAM. (4) IF A CONFLICT ARISES, THE IDENTIFIED PERSON IS RESTRICTED AND MAY NOT VOTE OR MAKE RECOMMENDATIONS ON PROPOSALS FROM THOSE ENTITIES. FORM 990, PART VI, SECTION B, LINE 15 THE VICE PRESIDENT OF HUMAN RESOURCES REVIEWED AND COLLECTED INFORMATION FROM CREDIT UNION EXECUTIVES SOCIETY (CUES), CREDIT UNION NATIONAL ASSOCIATION (CUNA), AND GOVERNMENT AGENCY RESOURCES TO FORMULATE RANGES FOR COMPENSATION. AHCU ALSO HIRED AN INDEPENDENT THIRD PARTY COMPENSATION FIRM CALLED BALANCE COMP TO REVIEW EMPLOYEE COMPENSATION BY COMPARING COMPENSATION LEVELS TO THAT OF SIMILAR ORGANIZATIONS IN THE MARKET. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS ARE POSTED ON THE WEBSITE, WWW.AHCU.NET, AND ARE PROVIDED UPON WRITTEN REQUEST TO THE GENERAL PUBLIC. THE FINANCIAL STATEMENTS ARE POSTED MONTHLY IN ALL OFFICES, AND ARE AVAILABLE QUARTERLY ON THE NCUA'S WEBSITE, WWW.NCUA.GOV. ANOKA HENNEPIN CREDIT UNION SPIRIT FOUNDATION 3505 NORTHDALE BLVD NW COON RAPIDS MN 55448 812373578 PROVIDE LOCAL SUPPORT MN 501(C)(3) LINE 8 ANOKA HENNEPIN CREDIT UNION 1 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0