Anoka Hennepin Credit Union
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
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.
Data for Q4 2013
Institution Health
Texas Ratio
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
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
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
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 Chartered | 1963 |
| Employees | 33 |
| 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 Margin | 5.23% |
| Return on Assets | 1.43% |
| Return on Equity | 17.38% |
| Interest Income | $5.17 million |
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Anoka Hennepin Credit Union Savings Account Rates
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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
| Details | APY | MIN | MAX | PRODUCT |
|---|---|---|---|---|
| 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) |
| Anoka Hennepin Credit Union Locations | ||
|---|---|---|
| Branch Office | 23280 Saint Francis Blvd NW | Saint Francis, MN 55070-9804 |
| Branch Office | 3505 Northdale Blvd NW | Coon Rapids, MN 55448 |
| Branch Office | 601 E Main St | Anoka, MN 55303-2528 |
| Branch Office | 1500 Lake St S Ste 100 | Forest Lake, MN 55025-2607 |
| Branch Office | 4 S Pine Dr | Circle Pines, MN 55014-1778 |
| Branch Office | 11681 Theatre Dr N | Champlin, MN 55316-2752 |