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763-422-0290
3505 Northdale Blvd NW
Coon Rapids, MN 55448

Anoka Hennepin Credit Union is headquartered in Coon Rapids and is the 27th largest credit union in the state of Minnesota. It is also the 1,198th largest credit union in the nation. It was established in 1963 and as of December of 2013, it had grown to 33 employees and 17,237 members. Anoka Hennepin Credit Union has a B+ health rating.

Field of Membership Restrictions

Must live, work, worship, or attend school in Anoka County; cities of Brooklyn Park, Champlin, Dayton, Rogers or Hassan Township in Hennepin County; cities of Forest Lake, Hugo or Marine on St. Croix or townships of Forest Lake, Scandia, New Scandia, May or Hugo in Washington County; cities of Wyoming, Chisago, Lindstrom, Center or townships of Wyoming, Chisago Lake or Franconia in Chisago County. - See Details

Reviews (3)

Worse Financial Institute Ever!

Why do I have to give them one star?  They deserve negative stars at best!

I've done business with both Credit Unions and the scary "BIG BANKS".  Mind you both are a bunch of greedy worthless &(*#%@s!  But I never had a "BIG BANKS" steal as much money from my accounts behind my back as AHCU did.  I was under the impression that Credit Unions were not in it for the huge profit like the "BIG BANKS".  Huge lie in the case of AHCU.  As far as I'm concerned AHCU left a bad enough taste with me that I'll only do my business with "BIG BANKS" from now on.  These people at AHCU are nothing more than lying theives!  Take your money out and run before they take it all!

New Fees On Accounts

They have instituted a series of charges and fees on everything from checking accounts to IRA's.  We just cancelled our checking account with them, as they charge $2.95 a month, with no free checking for seniors.

Anoka-Hennepin Credit Union

Lacks honesty and trust.



Health

Data for Q4 2013

Institution Health

B+

Texas Ratio

GRADE:
B

The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Anoka Hennepin Credit Union had $2.17 million in non-current loans and owned real-estate with $13.41 million in equity and loan loss allowances on hand to cover it. This gives Anoka Hennepin Credit Union a Texas Ratio of 16.20% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend

GRADE:
B+

The Texas Ratio for Anoka Hennepin Credit Union decreased slightly from 21.06% as of December 31, 2012 to 16.20% as of December 31, 2013, resulting in a positive change of 23.06%.This indicates that the balance sheet and financial strength for Anoka Hennepin Credit Union has improved slightly in recent periods.

Deposit Growth

GRADE:
B+

In the past year, Anoka Hennepin Credit Union has increased its total deposits by $2.54 million, resulting in 2.07% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Anoka Hennepin Credit Union has shown is above average.

Capitalization

GRADE:
B

Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Anoka Hennepin Credit Union has $137.67 million in assets with $13.41 million in equity, resulting in a capitalization level of 9.74%, which is above average.

Institution Statistics

Overall
NCUA #60148
Year Chartered1963
Employees33
Primary Regulator
Assets and Liabilities
Assets$137.67 million
Loans$92.71 million
Deposits$125.54 million
Equity Capital$11.30 million
Loan Loss Allowance$2.11 million
Unbacked Noncurrent Loans$1.68 million
Real Estate Owned$492,000
Historic Data - December 2012
Assets$133.09 million
Equity Capital$9.33 million
Loan Loss Allowance$2.21 million
Unbacked Noncurrent Loans$1.68 million
Real Estate Owned$1.10 million
Profit Margin - Quarterly
Net Interest Margin5.23%
Return on Assets1.43%
Return on Equity17.38%
Interest Income$5.17 million
Rates
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Anoka Hennepin Credit Union Savings Account Rates

DetailsAPYMINMAXPRODUCT
0.01%$25-Share Savings
0.01%--Holiday Club
0.01%--Vacation Club
0.01%$25-Business Share Savings

Anoka Hennepin Credit Union Money Market Rates

DetailsAPYMINMAXPRODUCT
0.10%$100k-Insured Money Market
0.10%$100k-Business Insured Money Market
0.01%$100-IRA Money Market

Anoka Hennepin Credit Union CD Rates

DetailsAPYMINMAXPRODUCT
1.36%$5k-60 Month Share Certificate
1.36%$5k-Business 60 Month Share Certificate
1.10%$5k-48 Month Share Certificate
1.10%$5k-Business 48 Month Share Certificate
0.80%$5k-36 Month Share Certificate
0.80%$5k-Business 36 Month Share Certificate
0.50%$2,500-24 Month Share Certificate
0.50%$2,500-Business 24 Month Share Certificate
0.25%$1k-12 Month Share Certificate
0.25%$1k-Business 12 Month Share Certificate
0.25%$2,500-18 Month Share Certificate
0.25%$2,500-Business 18 Month Share Certificate
0.10%$1k-6 Month Share Certificate
0.10%$1k-Business 6 Month Share Certificate

Anoka Hennepin Credit Union IRA Rates

DetailsAPYMINMAXPRODUCT
1.36%$500-60 Month IRA (Traditional,Roth,CESA)
0.80%$500-36 Month IRA (Traditional,Roth,CESA)
0.25%$500-12 Month IRA (Traditional,Roth,CESA)
Locations


Anoka Hennepin Credit Union Locations
Branch Office23280 Saint Francis Blvd NWSaint Francis, MN 55070-9804
Branch Office3505 Northdale Blvd NWCoon Rapids, MN 55448
Branch Office601 E Main StAnoka, MN 55303-2528
Branch Office1500 Lake St S Ste 100Forest Lake, MN 55025-2607
Branch Office4 S Pine DrCircle Pines, MN 55014-1778
Branch Office11681 Theatre Dr NChamplin, MN 55316-2752