Attention! AHCU COVID-19 Update: AHCU is an Essential Business and Drive Thru Services Are Available at Champlin, Coon Rapids, Circle Pines, Forest Lake & St. Francis. Anoka Will Remain Temporarily Closed Until Further Notice.
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About Us

Our story.  Our mission.




  • Anoka Hennepin Credit Union is a community-based, nonprofit financial institution. We are a member-owned cooperative governed by a member-elected volunteer board of directors.  

    At Anoka Hennepin Credit Union, we are driven by our passion for service. Our members always come first. From learning your name to answering your financial questions, we want to get to know you, build a lasting relationship, and help you secure the best possible financial future. Because we’re run by members, for members, you can be confident everything at AHCU is done with your best interest in mind.

  • We offer a variety of products designed to meet our members’ financial needs. From personal and business loan products to traditional savings and checking accounts, we provide you with easy and convenient ways to manage your finances.

  • We are a growing institution of members helping members in a community-based, not-for-profit organization, with the goal of becoming our members’ primary financial institution. We are committed to protecting members’ assets and providing personal, convenient, and competitive services.


    Enriching peoples’ lives by helping them discover and achieve their dreams.

  • Historically, credit unions can provide more affordable credit than larger institutions. Learn about the first financial cooperatives in Europe, how they came to the U.S., the distinguishing features that set credit unions apart from traditional banks, and the benefits of financial management through a credit union.

    The History of Credit Unions

    Credit unions have been in operation in the United States for over a century. The first financial cooperative was developed in the early nineteenth century in England.  Herman Schulze-Delitzsch and Friedrich Raiffeisen are credited with the development of the first credit unions in Germany a few decades later.  Schulze-Delitzsch and Raiffeisen organized credit unions to address the credit needs of struggling farmers.  The main features that distinguished German credit unions from other financial institutions included their democratic governance, member voting rights, a member-elected board of directors, and the volunteer nature of their governing officers. The features of the original German credit unions still serve as a model for present-day credit unions in the United States.  

    Credit Unions came to North America in the early twentieth century by way of Alphonse Desjardins. He started a credit union in Quebec, Canada to provide working-class families access to affordable credit. Desjardins also helped organize the first American credit union, St. Mary's Cooperative Credit Association, in Manchester, New Hampshire in 1909.  

    In subsequent years, states and the federal government enacted laws to promote the establishment of credit unions and create a system to supervise their operations and insure their assets. In 1934, the Federal Credit Union Act was signed into law to create a national system for chartering and supervising national credit unions. The National Credit Union Administration (NCUA) became a federal agency in 1970, and it currently oversees the National Credit Union Share Insurance Fund (NCUSIF), which protects members' deposits at credit unions and is backed by the full faith and credit of the United States Government.

    Credit unions have become especially popular in the United States because they have remained a source of affordable credit that larger institutions often will not provide.  They have grown in size and number since their introduction in 1909 and have prospered despite difficult economic times. Today, the credit union system remains a safe, sound, and secure resource for more Americans than ever before.

    Distinguishing Features


    Credit unions exist to serve members, not to earn a profit. They do not issue stock or pay dividends to non-members. Members receive dividends and credit union earnings are returned to members in the form of lower loan rates, higher interest rates on deposits, and lower fees for products and services.


    Credit unions are owned and operated by their members. They are democratic organizations; each member receives one vote, regardless of the value of his or her deposits in the institution.


    Credit unions are governed by a member-elected volunteer board of directors. Because the board of directors is made up of members and is not concerned with earning a profit, they are able to govern the organization with the members' best interests in mind.

    Membership Eligibility:

    Credit unions serve a group of people that share a common connection, which is usually based on organizational or community-based affiliations. Eligibility requirements are often based on factors such as place of residence, place or type of employment, religious affiliation, or enrollment in a certain educational institution.

    Financial Education for Members:

    Credit unions place an emphasis on assisting members with financial literacy so they can become educated and informed users of financial products and services.

    Social Purpose:

    Credit unions exist for the benefit of and to serve people above all other interests. Many credit unions or credit union employees are involved in community and charitable causes.

    The Benefits of Credit Union Membership

    Credit unions offer many of the same products and services as larger financial institutions, but they operate under a not-for-profit business model. Credit unions can return more savings to their members through better rates and lower fees because of their not-for-profit philosophy.

    Credit Unions’ Effect on Financial Services Industry

    The standards set forth by credit unions benefit all people who use financial institutions. Credit unions focus on service, so they create competition through lower interest rates on loans, higher interest rates on deposits, and lower fees for products and services. Credit union members, as well as customers of other financial institutions, save money as a result of the competition created by credit unions’ lower costs and higher returns.

  • Mark Undis-Board-Chair  

    Mark Undis
    Board Chair

    Mark is currently employed by United Hardware Distributing Co., providing services such as tax, business valuation accounting, retirement and business consulting services. In addition, Mark manages the accounting for United’s import subsidiary and is a Certified Public Accountant and a Certified Valuation Analyst.

    Jim Gaffney-Board-Member  

     Jim Gaffney
    Board Vice Chair


    Jim has been a member of the Anoka Hennepin Credit Union Board for the past six years and was previously on the Board for ANoka County Federal Credit Union.  He is employed in the manufacturing sector, working for the contract medical device component make Innovize Inc. as a Value Stream Manager.

    Jim recently graduated with a Master’s degree in business from Hamline University and enjoys the challenges of serving on the Anoka Hennepin Credit Union Board.

    Terry Anderson-Board-Secretary  

    Terry Anderson
    Board Secretary

    Terry retired from Pentair Technical Products (Hoffman Enclosures) in Anoka after more than 34 years. He currently enjoys making wooden toys and other items in his woodshop. He also serves on the board of directors for the Minneapolis and St. Paul Transportation Club as their president.

    Terry has been a member of Anoka Hennepin Credit Union since 1978. He has served on the Board of Directors since 1998. He resigned in 2009 because of scheduling conflicts but was able to return again in 2010.


    John Frantesl
    Board Member

    John has been an Anoka Hennepin Credit Union board member for over 29 years, Vice Chair for six years, and a member of AHCU for 35 years. John retired from teaching at Anoka Technical College after teaching for 31 years. He used to prepare the dinner for the AHCU annual meeting at the Anoka Technical College until the Credit Union out grew the school’s facility.

    Jeff Claussen-President-CEO-Board-Member  

    Jeffrey Claussen
    AHCU President/CEO, and Board Member

    Jeff has been the President/CEO of Anoka Hennepin Credit Union since June 1992 and has been with the Credit Union since July 1988. He has had the privilege of serving on numerous Boards of Directors to include: Minnesota Credit Union Network as Treasurer and Vice Chair, Anoka Area Chamber of Commerce as Treasurer, Minnesota Credit Union Foundation as a board member and as a board member at Forest Hills Golf Club.



  • Anoka Hennepin Credit Union is a state-chartered credit union. Originally chartered in 1963 as the Anoka Hennepin School District #11 Employees Credit Union, we changed our name to Anoka Hennepin Credit Union in 1993 to more accurately reflect our wide community base. We now serve more than 17,000 members from six locations—Anoka, Champlin, Circle Pines, Coon Rapids, Forest Lake, and St. Francis.

    A service-first financial cooperative, AHCU is owned by its members and governed by a member-elected board of directors. From our founding as a financial institution for school district employees to our current community-based charter, we have been dedicated to the credit union movement’s credo: "Not for profit, not for charity, but for service."

  • Jeffrey Claussen
    President / CEO

    Martin Waligora, CPA
    VP Finance / CFO

    Rick Gonnerman

    Theresa Tostengard
    EVP General Counsel

    Heather Hernandez
    VP Human Resources

    Chris Olsen
    VP Lending

    Manuela Keeling
    VP Operations

    Toni Gerard
    VP Marketing

    Angie Jensen
    BSA / Compliance Office


"Helping People Discover and Achieve Their Dreams"