2023-08-16T11:44:50-05:00 2022-12-31 390758449 WIPFLI LLP 1502 LONDON ROAD SUITE 200 DULUTH MN 55812 990 2022-01-01 416036540 ANOKA HENNEPIN CREDIT UNION ANOK 7634220290 3505 NORTHDALE BLVD NW COON RAPIDS MN 554486742 JEFFREY CLAUSSEN PRESIDENT & CEO 7634220290 2023-08-02 1 JEFFREY CLAUSSEN 999009999 1 MICHAEL J PETERSON CPA P01833529 2187224705 2023-08-02 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEFFREY CLAUSSEN 3505 NORTHDALE BLVD NW COON RAPIDS MN 554486742 11132267 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 73 11 92230 0 0 0 9492779 9344625 1142194 1779331 0 0 10634973 11123956 3362 0 0 0 4841133 4981746 0 0 0 4000066 4473090 8844561 9454836 1790412 1669120 278464977 293865690 257078242 270937305 21386735 22928385 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 18,199 MEMBERS. AN AVERAGE OF 5.70 PRODUCTS AND SERVICES WERE USED PER MEMBER AS OF DECEMBER 31, 2022. SAVINGS - ANOKA HENNEPIN CREDIT UNION PROVIDED 34,741 SAVINGS PRODUCTS TO MEMBERS. THIS INCLUDES SHARE ACCOUNTS, SHARE DRAFT ACCOUNTS, IRAS, SHARE CERTIFICATES, AND MONEY MARKET ACCOUNTS. LOANS - ANOKA HENNEPIN CREDIT UNION PROVIDED 8,376 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 1562 0 1 73 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 MARK UNDIS DIRECTOR 1.00 1.00 X 800 0 0 JIM GAFFNEY CHAIRPERSON 1.00 1.00 X X 880 0 0 TERRY ANDERSON VICE CHAIRPERSON 1.00 1.00 X X 720 0 0 JAMES CALDWELL DIRECTOR 1.00 X 770 0 0 STACY GERRETY SECRETARY 1.00 X X 770 0 0 JOEL HALL DIRECTOR 1.00 X 560 0 0 CHRISTIAN MELBERG DIRECTOR 1.00 X 560 0 0 TODD PROULX DIRECTOR 1.00 X 1660 0 0 DR PATRICK NAPOLI DIRECTOR 1.00 X 280 0 0 JEFFREY CLAUSSEN PRESIDENT & CEO 40.00 1.00 X 302188 0 52246 MARTIN WALIGORA VP OF FINANCE & CFO 40.00 X 179194 0 20506 RICK GONNERMAN CIO 40.00 X 212443 0 21828 THERESA TOSTENGARD SVP/GENERAL COUNSEL 32.00 X 152083 0 41053 CHRIS OLSEN VP LENDING 40.00 X 160136 0 9847 1013044 0 145480 5 0 1 0 HEARTLAND BUSINESS SYSTEMS LLC PO BOX 856846 MINNEAPOLIS MN 554856846 IT SERVICES 146508 CORELATION INC 2305 HISTORIC DECATUR ROAD STE 300 SAN DIEGO CA 921066073 CORE ACCOUNTING SYSTEM PROVIDER 126392 NCR CORPORATION PO BOX 740641 LOS ANGELES CA 90074 DIGITAL BANKING SYSTEMS PROVIDER 121052 DOXIM INC 747 WHITCOMB AVE MADISON HEIGHTS MI 480711409 STATEMENT PROVIDER 110036 4 INTEREST ON LOANS 522100 5659792 5659792 FEE INCOME 522100 1526904 1434674 92230 DEBIT AND CREDIT CARD INCOME 522100 1478135 1478135 COMMISSION INCOME 522100 141735 141735 538059 538059 9344625 1773598 1773598 14044 8311 5733 5733 5733 11123956 9252395 92230 1779331 988541 3045040 137768 508603 301794 28102 35123 134485 184931 473968 815892 470634 2605 33541 450333 67707 DEBIT & CREDIT CARD EXP 683399 LOAN SERVICING EXPENSE 501852 PROVISION FOR LOAN LOSS 280000 DIVIDENDS ON MEMBER SHA 215322 95196 9454836 2551450 2943162 35169089 25616227 847129 1018244 1978786 1998772 120025968 137638976 260822 266184 10238784 4663622 5840478 5575162 76598738 78825529 28157624 32669624 7034893 7313810 278464977 293865690 2001050 1975856 40278 23611 255036914 268937838 257078242 270937305 X 0 0 0 0 21386735 22928385 21386735 22928385 278464977 293865690 1669120 -127470 0 X 0 0 0 1305610 1305610 5815586 2385252 3430334 395391 238312 157079 2704036 2040058 663978 18161 18161 5575162 TIME DEPOSITS 32340000 C PERPETUAL CONTRIBUTED CAPITAL 329624 C 32669624 MEMBER SHARES & SAVINGS 268937838 268937838 1 X X 0 1 0 JEFFREY CLAUSSEN PRESIDENT & CEO 262859 0 33918 0 5411 0 21604 0 30642 0 354434 0 0 0 RICK GONNERMAN CIO 136104 0 76339 0 0 0 829 0 20999 0 234271 0 0 0 MARTIN WALIGORA VP OF FINANCE & CFO 155098 0 15351 0 8745 0 8578 0 11928 0 199700 0 0 0 THERESA TOSTENGARD SVP/GENERAL COUNSEL 132298 0 17057 0 2728 0 7897 0 33156 0 193136 0 0 0 CHRIS OLSEN VP LENDING 136733 0 14076 0 9327 0 7579 0 2268 0 169983 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 2022. JEFFREY CLAUSEN PRESIDENT & CEO SPLIT-DOLLAR LIFE INSURANCE X 1959000 1998772 0 1 1 1998772 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