2020-11-06T09:32:59-06:00 2019-12-31 390758449 WIPFLI LLP PO BOX 8010 WAUSAU WI 544028010 990 2019-01-01 416036540 ANOKA HENNEPIN CREDIT UNION ANOK 7634220290 3505 NORTHDALE BLVD NW COON RAPIDS MN 554486742 JEFFREY CLAUSSEN PRESIDENT & CEO 7634220290 2020-10-31 1 MARY A COATES CPA P00134220 7158453111 2020-10-31 165.166.179.171 2020-10-31 22:21:21 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BA1B6B71409BCBA719E7BBFC6116F39ABC0DB0A7 2019 2021-04-22 16:20:28Z JEFFREY CLAUSSEN 3505 NORTHDALE BLVD NW COON RAPIDS MN 554486742 10007782 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. 9 9 85 11 79849 0 0 0 8175253 8537731 1177980 1466039 1200 0 9354433 10003770 11675 7494 0 0 4182587 4412194 0 0 0 4097382 4402343 8291644 8822031 1062789 1181739 192964998 202206644 175082679 183142588 17882319 19064056 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 17,793 MEMBERS. AN AVERAGE OF 5.47 PRODUCTS AND SERVICES WERE USED PER MEMBER AS OF DECEMBER 31, 2019. SAVINGS - ANOKA HENNEPIN CREDIT UNION PROVIDED 33,718 SAVINGS PRODUCTS TO MEMBERS. THIS INCLUDES SHARE ACCOUNTS, SHARE DRAFT ACCOUNTS, IRAS, SHARE CERTIFICATES, AND MONEY MARKET ACCOUNTS. LOANS - ANOKA HENNEPIN CREDIT UNION PROVIDED 8,792 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 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 3506 0 1 85 1 1 1 0 0 0 0 0 0 0 X 9 9 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 JOHN FRANTESL DIRECTOR 1.00 X 910 0 0 STACY GERRETY DIRECTOR 1.00 X 630 0 0 DOUG MATTISON DIRECTOR 1.00 X 700 0 0 CHRISTIAN MELBERG DIRECTOR 1.00 X 630 0 0 PAT NAPOLI DIRECTOR 1.00 X 910 0 0 TODD PROULX DIRECTOR 1.00 X 1760 0 0 MARK UNDIS CHAIRPERSON 1.00 X X 1040 0 0 JIM GAFFNEY VICE CHAIRPERSON 1.00 X X 1040 0 0 TERRY ANDERSON SECRETARY 1.00 X X 880 0 0 JEFFREY CLAUSSEN PRESIDENT & CEO 40.00 X 215079 0 52010 MARTIN WALIGORA VP OF FINANCE & CFO 40.00 X 129896 0 43356 THERESA TOSTENGARD SVP/GENERAL COUNSEL 40.00 X 110973 0 46485 RICK GONNERMAN CIO 40.00 X 114656 0 33878 CHRIS OLSEN VP LENDING 40.00 X 118600 0 12630 HEATHER HERNANDEZ VP HUMAN RESOURCES 40.00 X 108511 0 9627 806215 0 197986 6 0 1 0 CASE FINANCIAL 701 WEAVER BLVD ANOKA MN 55303 ATM SERVICING 151233 CENTURYLINK PO BOX 2956 PHOENIX AZ 850622956 INTERNET PROVIDER 104435 2 INTEREST ON LOANS 522100 5534830 5534830 FEE INCOME 522100 1460578 1380729 79849 DEBIT AND CREDIT CARD INCOME 522100 1293601 1293601 COMMISSION INCOME 522100 202948 202948 45774 45774 8537731 1396377 1396377 73674 0 4012 73674 -4012 69662 69662 10003770 8457882 79849 1466039 7494 754833 2693017 272542 428350 263452 16593 43699 99249 202432 412483 543428 430782 5315 60094 465431 65298 DEBIT & CREDIT CARD EXP 577219 LOAN SERVICING EXPENSE 516753 PROVISION FOR LOAN LOSS 436000 DIVIDENDS ON MEMBER SHA 380985 146582 8822031 2017977 1561716 21858830 19516225 722626 971656 110507506 117206022 315234 253907 11431450 4796740 6868834 6634710 6386094 3798488 37881624 46213624 6406273 6050296 192964998 202206644 1546728 1494731 173535951 181647857 175082679 183142588 X 0 0 0 0 17882319 19064056 17882319 19064056 192964998 202206644 X 1181739 -2 X 0 0 0 1345610 1345610 6126710 2243278 3883432 395391 129957 265434 3535417 2423505 1111912 28322 28322 6634710 DEPOSITS IN COMMERICAL BANKS 33036000 C LOANS TO AND INVESTMENTS IN NATURAL PERSON CREDIT UNIONS 12848000 C NONPERPETUAL CAPITAL ACCOUNT 329624 C 46213624 MEMBER SHARES & SAVINGS 181647857 181647857 1 ANOKA HENNEPIN CREDIT UNION SPIRIT FOUNDATION 3505 NORTHDALE BLVD NW COON RAPIDS MN 55448 812373578 501(C)(3) 7494 GENERAL SUPPORT 1 0 X 1 1 X X 0 0 0 JEFFREY CLAUSSEN PRESIDENT & CEO 192322 0 20545 0 2212 0 19264 0 32746 0 267089 0 0 0 MARTIN WALIGORA VP OF FINANCE & CFO 119187 0 9477 0 1232 0 13918 0 29438 0 173252 0 0 0 THERESA TOSTENGARD SVP/GENERAL COUNSEL 101777 0 8505 0 691 0 12674 0 33811 0 157458 0 0 0 PART I, LINE 6 THE MANAGEMENT INCENTIVE PLAN INCLUDED A BONUS FOR OBTAINING AND EXCEEDING THE NET INCOME AMOUNT IN THE BUDGET. FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP IN ANOKA HENNEPIN CREDIT UNION IS AVAILABLE TO (1) EVERYONE WHO LIVES, WORKS, WORSHIPS, VOLUNTEER OR ATTEND SCHOOL IN AND BUSINESSES AND OTHER ENTITIES LOCATED IN, ANOKA, CHISAGO, HENNEPIN, ISANTI, RAMSEY AND WASHINGTON COUNTIES OF MINNESOTA, AND (2) EMPLOYEES AND RETIREES OF ANOKA HENNEPIN SCHOOL DISTRICT #11; ANOKA HENNEPIN TECHNICAL COLLEGE; FEDERAL PREMIUM AMMUNITION; HOFFMAN ENCLOSURES, INC.; GRACO, INC.; ANOKA HENNEPIN CREDIT UNION; AND THEIR SUBSIDIARIES. 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 DOES 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 (CPA FIRM) AUDITS, AND NCUA AND STATE EXAMS. ALL EMPLOYEES ARE COVERED BY THE POLICY, INCLUDING MEMBERS OF MANAGEMENT AND THE BOARD OF DIRECTORS. DETERMINATIONS ARE MADE BY THE PRESIDENT AND CEO. ACTUAL CONFLICTS ARE REVIEWED BY THE CHAIRPERSON OF THE BOARD AND THE MANAGEMENT TEAM. 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. 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. FORM 990, PART XI, LINE 9: OTHER CHANGES IN NET ASSETS -2. 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 1 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0