2022-11-08T09:36:02-06:00 2021-12-31 420714325 RSM US LLP 400 LOCUST STREET SUITE 640 DES MOINES IA 503092354 990 2021-01-01 830494970 IOWA CREDIT UNION LEAGUE IOWA 5152213000 7745 OFFICE PLAZA DRIVE N STE 170 WEST DES MOINES IA 50266 MURRAY WILLIAMS CHIEF EXECUTIVE OFFICER 5152213000 2022-11-02 1 MURRAY WILLIAMS XXX-XX-XXXX KATHY FAIRCHILD P00222608 5155586600 2022-11-02 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z TRAVIS SCHIPPER 7745 OFFICE PLAZA DRIVE N STE 170 WEST DES MOINES IA 50266 1308674 0 X WWW.IOWACREDITUNIONS.COM X 1933 IA TO STRENGTHEN THE CREDIT UNION MOVEMENT BY PROMOTING ITS GROWTH AND WELL-BEING, AND PROVIDING THE TOOLS FOR MEMBERS TO SUCCEED. 11 11 8 20 0 0 1290801 231794 743808 1056797 782835 20083 0 0 2817444 1308674 3925 5693 0 0 529576 380162 0 0 0 4293847 3436120 4827348 3821975 -2009904 -2513301 110516210 106193438 1101016 1068868 109415194 105124570 X THE IOWA CREDIT UNION LEAGUE (ICUL) IS THE NON-PROFIT TRADE ASSOCIATION THAT REPRESENTS THE INTERESTS OF IOWA'S CREDIT UNIONS. ICUL WAS ESTABLISHED IN 1933 AND CONTINUES TO FOCUS ON OUR MISSION "TO STRENGTHEN THE CREDIT UNION MOVEMENT BY PROMOTING ITS GROWTH AND WELL-BEING, AND PROVIDING THE TOOLS FOR MEMBERS TO SUCCEED." ICUL PROVIDES THE FOLLOWING SERVICES TO IOWA CREDIT UNIONS: LEGISLATIVE ADVOCACY, REGULATORY COMPLIANCE, PUBLIC AFFAIRS, PROFESSIONAL DEVELOPMENT AND MANAGEMENT CONSULTING. 0 0 LEGISLATIVE ADVOCACY - WORK TO SECURE A FAIR AND FAVORABLE LEGISLATIVE ENVIRONMENT FOR IOWA CREDIT UNIONS THROUGH PROFESSIONAL LOBBYING, COALITION BUILDING, GRASSROOTS ORGANIZATION AND THE CREDIT UNION POLITICAL ACTION COMMITTEE. REGULATORY COMPLIANCE - MONITOR REGULATORY ISSUES, FIELD COMPLIANCE QUESTIONS AND PROVIDE STRATEGIC DIRECTION CONCERNING CREDIT UNION COMPLIANCE ISSUES. PUBLIC AFFAIRS AND MARKETING - THE PUBLIC RELATIONS AND MARKETING DEPARTMENT WORKS CLOSELY WITH CREDIT UNIONS TO DISSEMINATE PERTINENT INFORMATION TO THE MEDIA AND COMMUNITY ABOUT IOWA CREDIT UNIONS AND NEW DEVELOPMENTS IN THE INDUSTRY. ALSO SERVES AS THE RESOURCE FOR COMMUNITY AND MEDIA RELATIONS, MARKETING THE CREDIT BRAND, AND THE ANNUAL ADVOCACY CAMPAIGN. PROFESSIONAL DEVELOPMENT - THE LEAGUE, IN PARTNERSHIP WITH CUNA, HOLDS NUMEROUS PROFESSIONAL DEVELOPMENT SEMINARS EACH YEAR FOR IOWA CREDIT UNIONS TO HELP THEM LEARN MORE ABOUT HOW TO BEST SERVE THEIR MEMBERS. THE EDUCATION DEPARTMENT HELPS ORGANIZE THE ANNUAL CONVENTION. MANAGMENT CONSULTATION - THE MANAGEMENT CONSULTANTS AT ICUL ARE STRATEGIC PARTNERS WITH INDIVIDUAL CREDIT UNIONS TO HELP THEM IDENTIFY GOALS AND CHALLENGES, AND PREPARE FOR THE FUTURE DEVELOPMENT OF THEIR CREDIT UNION. 0 1 0 1 0 0 0 0 0 1 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 24 0 1 8 1 0 0 0 0 1 0 0 0 0 0 0 X 11 11 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 IA X TRAVIS J SCHIPPER CFO 5152213000 7745 OFFICE PLAZA DRIVE N STE 170 WEST DES MOINES IA 50266 MURRAY WILLIAMS CEO 10.00 30.00 X 0 857691 152638 MICHAEL J POWERS CFO 8.00 32.00 X 0 681331 93186 JAIMIE MILLER-ACKLEY VICE PRESIDENT 40.00 0.00 X 0 146704 28248 MATT DODDS CHAIRMAN 1.00 X X 0 12000 0 HELEN PEARCE CHAIRMAN (UNTIL 9/21) 1.00 X X 0 9000 0 SCOTT ZAHNLE VICE CHAIRMAN 1.00 X X 0 3000 0 GREG HANSHAW DIRECTOR 1.00 X 0 0 0 CINDY STEPHENSON DIRECTOR 1.00 X 0 0 0 MIKE MORONEY DIRECTOR 1.00 X 0 0 0 JULIE PINGEL DIRECTOR 1.00 X 0 0 0 JEFF HAYES DIRECTOR 1.00 X 0 0 0 BRAD MERTENS DIRECTOR 1.00 X 0 0 0 MARK PETERS DIRECTOR 1.00 X 0 0 0 JORDAN HENSLEY DIRECTOR 1.00 X 0 0 0 JAMI WEEMS DIRECTOR 1.00 X 0 0 0 0 1709726 274072 0 0 1 0 POLICYWORKS-IOWA 7745 OFFICE PLAZA DRIVE N SUITE 17 WEST DES MOINES IA 50266 LOBBYING & PUBLIC AFFAIRS 611717 CREDIT UNION NATIONAL ASSOCIATION PO BOX 78546 MILWAUKEE WI 532780546 NATIONAL TRADE ASSOCIATION FOR CREDIT UN 562012 HAWTHORNE BUILDING LLC PO BOX 310061 DES MOINES IA 503310061 OFFICE RENT 515045 VICLARITY LLC 7745 OFFICE PLAZA DRIVE N SUITE 1 WEST DES MOINES IA 50266 COMPLIANCE CONSULTING 417236 ONMEDIA ADVERTISING SALES ONE MEDIACOM WAY MEDIACOM PARK NY 10918 ADVERTISING 121186 6 231794 231794 MEMBERSHIP DUES 561000 626358 626358 ANNUAL MEETING 561000 345335 345335 SERVICE FEES 561000 85104 85104 1056797 20083 20083 1308674 1056797 0 20083 5693 248264 56548 14501 36111 24738 579666 99133 116916 1105527 4684 160482 22627 35899 33074 30054 472904 2956 SUPPORT SERVICES 600265 CU SYSTEM DEVELOPMENT 149936 21997 3821975 5420462 3959401 85 13519 134668 47294 208116 141178 0 66938 172500 172500 104788448 95411736 47 6522050 110516210 106193438 988980 822085 112036 163043 0 83740 1101016 1068868 X 0 0 0 0 109415194 105124570 109415194 105124570 110516210 106193438 X -2513301 -1777323 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 0 0 FORM 990, PART IV, LINE 5 PURSUANT TO REV. PROC. 98-19, EXEMPT FROM 6033(E) DISCLOSURE AS ALL MEMBERS UNDER IRC SECTION 501(A), NOT SECTION 501(C)(4)/(5)/(6). 2668 2668 0 205448 138510 66938 66938 95361660 C INVESTMENT IN CREDIT UNION HOUSE LLC 41596 C INVESTMENT IN CUNA STRATEGIC SERVICES 8480 C 95411736 INTERCOMPANY RECEIVABLES 6522050 6522050 INTERCOMPANY PAYABLES 83740 83740 X PART X, LINE 2: THE COMPANY FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. THE COMPANY HAS EVALUATED THE MATERIAL TAX POSITIONS AND DETERMINED NO INCOME TAX EFFECTS WITH RESPECT TO THE FINANCIAL STATEMENTS. 1 1 1 0 MURRAY WILLIAMS CEO 0 533776 0 231011 0 92904 0 127238 0 25400 0 1010329 0 86517 MICHAEL J POWERS CFO 0 332133 0 102341 0 246857 0 76088 0 17098 0 774517 0 233569 JAIMIE MILLER-ACKLEY VICE PRESIDENT 0 120975 0 24515 0 1214 0 11042 0 17206 0 174952 0 0 PART I, LINE 3 THE COMPENSATION COMMITTEE WHICH OVERSEES THE COMPENSATION OF THE CEO IS COMPRISED OF ALL OUTSIDE DIRECTORS OF AFFILIATES MANAGEMENT COMPANY. PART I, LINES 4A-B MICHAEL J. POWERS AND MURRAY WILLIAMS PARTICIPATED IN A NON QUALIFIED DEFERRED COMPENSATION PLAN. EMPLOYER CONTRIBUTIONS IN 2021 AMOUNTED TO THE FOLLOWING: MURRAY WILLIAMS $103,747 MICHAEL J. POWERS $52,706 DISTRIBUTIONS FROM THE PLAN AMOUNTED TO THE FOLLOWING: MURRAY WILLIAMS $86,517 MICHAEL J. POWERS $233,569 PART II THE IOWA CREDIT UNION LEAGUE ("ICUL") IS A TAX-EXEMPT 501C(6) MEMBER-BASED BUSINESS LEAGUE WHICH SERVES AS A TRADE ASSOCIATION FOR ALL IOWA CREDIT UNIONS. ICUL IS THE SOLE OWNER OF AFFILIATES MANAGEMENT COMPANY ("AMC") WHICH IS A TAXABLE FOR-PROFIT IOWA CORPORATION. AMC IS IN THE BUSINESS OF OWNING SEVERAL FOR-PROFIT OPERATING SUBSIDIARIES. THE CHIEF EXECUTIVE OFFICER ("CEO") OF ICUL ALSO SERVES AS CEO OF AMC. ACCORDINGLY, THE CEO AND OTHER MEMBERS OF THE EXECUTIVE MANAGEMENT TEAM HAVE RESPONSIBILITIES FOR AND ARE COMPENSATED BY BOTH ICUL AND AMC. THE COMPENSATION AMOUNTS THAT ARE DISCLOSED HEREIN ARE SHOWN ON A CONSOLIDATED BASIS AND REFLECT AMOUNTS PAID BY BOTH ICUL AND AMC. FORM 990, PART VI, SECTION A, LINE 2 MATTHEW DODDS, SCOTT ZAHNLE, MURRAY WILLIAMS, AND MICHAEL J. POWERS SERVED AS OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF AFFILIATES MANAGEMENT COMPANY, A 100% OWNED RELATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. MURRAY WILLIAMS WAS A DIRECTOR AND MICHAEL J. POWERS WAS A CEO OF AMC FS INC., A 82.47% OWNED RELATED ENTITY THAT HAD A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. AMC FS INC LIQUIDATED DURING 2021. FORM 990, PART VI, SECTION A, LINE 3 AMC EMPLOYEE BENEFITS COMPANY LLC, A 100% OWNED RELATED ENTITY, IS THE PAYROLL AGENT FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THIS ORGANIZATION HAS TRADE ASSOCIATION MEMBERS. THESE MEMBERS MAY BE DIVIDED INTO TWO CLASSES: REGULAR MEMBERS AND ASSOCIATE MEMBERS. REGULAR MEMBERS INCLUDE ALL MEMBERS THAT ARE CREDIT UNIONS INCORPORATED IN THE STATE OF IOWA, WHETHER STATE OR FEDERALLY CHARTERED. ASSOCIATE MEMBERS INCLUDE ALL MEMBERS THAT ARE CREDIT UNIONS LOCATED OUTSIDE THE STATE OF IOWA, WHETHER STATE OR FEDERALLY CHARTERED, AND ANY OTHER MEMBERS THAT THE BOARD OF DIRECTORS AUTHORIZES FOR MEMBERSHIP. REGULAR MEMBERS SHALL HAVE VOTING RIGHTS: ASSOCIATE MEMBERS SHALL NOT HAVE VOTING RIGHTS. FORM 990, PART VI, SECTION A, LINE 7A AT LEAST FIVE MONTHS PRIOR TO THE LEAGUE'S ANNUAL MEETING, THE LEAGUE WILL SEND TO ALL MEMBERS THE FOLLOWING: 1) A REPORT OF EACH MEMBER'S RESPECTIVE ASSET CATEGORY, BASED ON THE MOST RECENT CALL REPORT DATA; 2) A NOMINATION FORM INDICATING: (A) THE OPEN BOARD POSITION(S) TO BE FILLED WITHIN EACH RESPECTIVE ASSET CATEGORY AT THE UPCOMING ELECTION; AND (B) ANY OPEN BOARD AT-LARGE BOARD POSITION(S) TO BE FILLED AT THE UPCOMING ELECTION. THE BOARD OF DIRECTORS OF ANY MEMBER CREDIT UNION MAY NOMINATE ONE (1) OF THAT CREDIT UNION'S EMPLOYEES AS A CANDIDATE TO THE LEAGUE BOARD PROVIDED (1) THE EMPLOYEE IS EITHER THE CHIEF EXECUTIVE OFFICER ("CEO") OR AN EMPLOYEE WHO DIRECTLY REPORTS TO THE CEO AND MANAGES OTHER EMPLOYEES OF THAT CREDIT UNION; (2) NEITHER THE EMPLOYEE, NOR THE EMPLOYEE'S FAMILY MEMBER (SPOUSE, PARTNER AND/OR CHILD) IS CURRENTLY NOR HAS BEEN IN THE PRIOR THREE YEARS AN EMPLOYEE OF THE LEAGUE OR ITS AFFILIATES OR SUBSIDIARIES; (3) THE CREDIT UNION FALLS WITHIN THE ASSET CATEGORY IN WHICH THERE WILL BE A VACANCY AT THE ENSUING ANNUAL MEETING, EXCEPT IN THE CASE OF A VACANCY FOR AN AT-LARGE MEMBER, IN WHICH CASE THE CREDIT UNION'S ASSET SIZE IS IMMATERIAL; (4) THE CREDIT UNION DOES NOT ALREADY HAVE A MEMBER ON THE BOARD, UNLESS THE CURRENT DIRECTOR'S TERM IS EXPIRING OR IS NOT SEEKING REELECTION; AND (5) THAT CREDIT UNION HAS BEEN A MEMBER OF THE IOWA CREDIT UNION LEAGUE IN GOOD STANDING FOR THE IMMEDIATELY PRIOR THREE CONSECUTIVE YEARS. WITHIN THIRTY (30) DAYS FOLLOWING THE LEAGUE'S DISTRIBUTION OF A NOMINATION FORM TO MEMBERS, EACH MEMBER SHALL SUBMIT ITS NOMINATION, IF ANY, TO THE LEAGUE BY RETURNING THE COMPLETED NOMINATION FORM. THE LEAGUE WILL USE THE SUBMITTED NOMINATION FORMS TO COMPILE THE LIST OF CANDIDATES FOR OPEN BOARD POSITION(S) IN EACH ASSET CATEGORY, AS WELL AS ANY OPEN BOARD POSITION(S) IN THE AT-LARGE CATEGORY. EACH NOMINEE, PRIOR TO BEING INCLUDED ON THE BALLOT OR LIST OF CANDIDATES FOR THE OPEN BOARD POSITIONS, MUST SUCCESSFULLY COMPLETE A BACKGROUND CHECK IN ACCORDANCE WITH CRITERIA AND PROCEDURES AS ESTABLISHED BY THE BOARD OF DIRECTORS. WITHIN THIRTY (30) DAYS FOLLOWING THE DEADLINE FOR THE SUBMISSION OF NOMINATION FORMS TO THE LEAGUE, THE LEAGUE SHALL SEND TO ALL MEMBERS THE LIST OF CANDIDATES FOR THE OPEN BOARD POSITION(S) TO BE FILLED WITHIN THEIR RESPECTIVE ASSET CATEGORY, AS WELL AS ANY CANDIDATES FOR OPEN AT-LARGE POSITIONS. EACH MEMBER CREDIT UNION SHALL BE ENTITLED TO CAST A VOTE FOR EACH DIRECTOR TO BE ELECTED IN ITS RESPECTIVE ASSET CATEGORY, AND ALSO SHALL BE ENTITLED TO CAST A VOTE FOR EACH AT-LARGE DIRECTOR TO BE ELECTED. A NOMINEE MUST RECEIVE A MAJORITY OF THE VOTES CAST IN ORDER TO BE DECLARED ELECTED. WITHIN THIRTY (30) DAYS FOLLOWING THE DEADLINE FOR THE LEAGUE TO SEND THE LIST OF CANDIDATES TO EACH MEMBER, EACH MEMBER WILL SEND ITS VOTE(S) TO THE LEAGUE FOR TABULATION. IN THE EVENT A NOMINEE DOES NOT RECEIVE A MAJORITY OF THE VOTES CAST, THE TWO (2) NOMINEES, OR MORE, SHOULD THERE BE A TIE VOTE, RECEIVING THE GREATEST NUMBER OF VOTES SHALL AGAIN BE BALLOTED PRIOR TO THE ANNUAL MEETING AND THE ONE RECEIVING THE MAJORITY NUMBER OF VOTES SHALL BE DECLARED ELECTED. IN THE EVENT OF A TIE VOTE WHICH CANNOT BE RESOLVED AMONG: (A) TWO (2) NOMINEES IN THE SAME ASSET CATEGORY; OR (B) TWO (2) NOMINEES IN THE AT-LARGE CATEGORY , SUCH DIRECTORSHIP SHALL BE RESOLVED BY THE DELEGATES ASSEMBLED AT THE NEXT ANNUAL MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE FISCAL YEAR OF THE LEAGUE SHALL BE ESTABLISHED BY A MAJORITY VOTE OF THE BOARD OF DIRECTORS. THE ANNUAL MEETING SHALL BE HELD ON A DATE TO BE SET BY THE BOARD OF DIRECTORS. HOWEVER, THE BOARD OF DIRECTORS MAY CANCEL ANY ANNUAL MEETING FOR JUST CAUSE. THE PLACE OF THE NEXT ANNUAL MEETING SHALL BE DETERMINED BY THE DELEGATES AT THE ANNUAL MEETING, OR THE DELEGATES MAY ASSIGN SUCH CHOICE TO THE BOARD OF DIRECTORS. AT LEAST SIXTY (60) DAYS PRIOR THERETO, THE PRESIDENT SHALL NOTIFY EACH MEMBER THEREOF IN WRITING OF THE DATE, PLACE AND HOUR OF THE MEETING. AT ALL MEETINGS EACH MEMBER CREDIT UNION SHALL BE ENTITLED TO CAST TWO (2) VOTES ON ALL QUESTIONS. SAID VOTES SHALL BE CAST BY ONE (1) OR TWO (2) DELEGATES OR ALTERNATES WHO MUST BE MEMBERS OF THE CREDIT UNION, AND WHO HAVE BEEN SELECTED BY THAT CREDIT UNION'S BOARD OF DIRECTORS, WHICH SELECTION SHALL BE CERTIFIED TO THE LEAGUE BOARD OF DIRECTORS PRIOR TO EACH MEETING. ONLY DELEGATES OR ALTERNATES SO CERTIFIED SHALL HAVE THE PRIVILEGE OF VOTING AT ANY MEETING. THERE SHALL BE NO VOTING BY PROXY. AT EACH ANNUAL MEETING, COUNSEL TO THE LEAGUE SHALL CAUSE THE CREDENTIALS OF THE DELEGATES AND ALTERNATES ATTENDING THE ANNUAL MEETING TO BE CERTIFIED. IT SHALL FURTHER BE THE DUTY OF THE COUNSEL TO CAUSE A REPORT TO BE PRESENTED TO THE CHAIRPERSON REGARDING THE DELEGATES AND ALTERNATES PRESENT. SPECIAL MEETINGS OF THE MEMBERS MAY BE CALLED BY THE PRESIDENT, A TWO-THIRDS (2/3) VOTE OF THE BOARD OF DIRECTORS OR SHALL BE CALLED UPON THE REQUEST, IN WRITING, OF TWENTY-FIVE PERCENT (25%) OR MORE OF MEMBER CREDIT UNIONS, PROVIDED THE REQUESTING CREDIT UNIONS COME FROM MORE THAN ONE (1) ASSET CATEGORY (AS REFERRED TO IN ARTICLE IV, SECTION 2, OF THESE BYLAWS). NOTICE OF ANY SPECIAL MEETING SHALL CONTAIN A STATEMENT OF THE PURPOSES OF THE MEETING AND ONLY THE BUSINESS SPECIFIED IN THE CALL MAY BE ACTED UPON AT SUCH MEETING. EACH MEMBER CREDIT UNION SHALL BE GIVEN AT LEAST FIFTEEN (15) DAYS WRITTEN NOTICE OF THE DATE, PLACE AND HOUR OF ALL SPECIAL MEETINGS. AT ALL REGULAR OR SPECIAL MEETINGS TEN PERCENT (10%) OR MORE OF THE MEMBER CREDIT UNIONS SHALL CONSTITUTE A QUORUM. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE FORM 990 IS PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO THE FILING. FORM 990, PART VI, SECTION B, LINE 12C IOWA CREDIT UNION LEAGUE REGULARLY AND CONSISTENTLY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY BY ANNUALLY REVIEWING THE POLICY WITH BOARD MEMBERS AND HAVING THEM SIGN THE FORM EACH YEAR. ADHERANCE TO THE POLICY IS MONITORED BY FELLOW BOARD MEMBERS AND EXECUTIVE MANAGEMENT THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 15A AFFILIATES MANAGMENT COMPANY (AMC) IS A 100% OWNED RELATED ENTITY OF THE IOWA CREDIT UNION LEAGUE (ICUL). THE AMC BOARD OF DIRECTORS HAS FORMED A COMPENSATION COMMITTEE TO REVIEW MARKET DATA COMPILED BY AN INDEPENDENT THIRD PARTY AND OTHER RELEVANT INFORMATION TO DESIGN THE COMPENSATION PLAN FOR THE CEO. THE COMPENSATION COMMITTEE REVIEWS THE COMPENSATION PLAN FOR THE CEO ON AN ANNUAL BASIS. A REVIEW BY AN INDEPENDENT THIRD PARTY IS REQUIRED BY POLICY TO BE PERFORMED NO LESS THAN ONCE EVERY THREE YEARS. THE MOST RECENT REVIEW BY THE INDEPENDENT THIRD PARTY WAS PERFORMED IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST STATEMENTS, AND FORM 990 RETURNS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: EQUITY EARNINGS OF AFFILIATES MANAGEMENT COMPANY, INC. -7,066,939. EQUITY EARNINGS OF AMC ASSET HOLDINGS, LLC 4,813,930. EQUITY EARNINGS OF AMC REAL ESTATE HOLDINGS, LLC 742,221. CUMULATIVE CURRENCY TRANSLATION -266,535. FORM 990, PART I, LINE 6: EXPLANATION OF VOLUNTEERS 11 MEMBERS SERVED ON THE ORGANIZATION'S BOARD OF DIRECTORS DURING THE YEAR AND ARE CONSIDERED VOLUNTEERS. THERE ARE ALSO 9 OTHER INDIVIDUALS WHO WORK ON COMMITTEES AS VOLUNTEERS. NO BOARD OR COMMITTEE MEMBERS RECEIVED ANY COMPENSATION, WITH THE EXCEPTION OF INDIVIDUALS SERVING AS BOARD MEMBERS OF AFFILATES MANAGEMENT COMPANY WHO RECEIVE DIRECTORS FEES AT A RATE OF $3,000 PER QUARTER. MATTHEW DODDS, HELEN PEARCE, AND SCOTT ZAHNLE SERVED ON THE AFFILIATES MANAGEMENT COMPANY BOARD AND RECEIVED DIRECTORS FEES. MURRAY WILLIAMS SERVED ON THE BOARD OF AFFILATES MANAGEMENT COMPANY BUT RECEIVED NO DIRECTOR FEES. COOPERA CONSULTING 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 900340857 CONSULTING SERVICES IA 0 111581 AFFILIATES MANAGEMENT COMPANY AMC ASSET HOLDINGS 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 384028982 HOLDING COMPANY IA 0 60316702 IOWA CREDIT UNION LEAGUE AMC REAL ESTATE HOLDINGS 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 364862387 HOLDING COMPANY IA 0 6889558 IOWA CREDIT UNION LEAGUE AMC EMPLOYEE BENEFITS COMPANY LLC 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 421290173 BUSINESS SERVICES IA 0 159065 AFFILIATES MANAGEMENT COMPANY POLICYWORKS - IOWA LLC 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 364807307 LOBBYING & REGULATORY SERVICES IA 0 639339 AFFILIATES MANAGEMENT COMPANY CREDIT UNION POLITICAL ACTION COMMITTEE 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 421224090 POLITICAL ACTION COMMITTEE IA 527 N/A N/A 0 VICLARITY LLC 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 204130529 LOBBYING & REGULATORY SERVICES IA AFFILIATES MANAGEMENT COMPANY UNRELATED -762418 4262949 0 0 0.55000 COMMUNITY BUSINESS LENDERS LLC 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 342033742 BUSINESS SERVICES IA AFFILIATES MANAGEMENT COMPANY UNRELATED 0 1 0.53000 AMC FS INC 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 743203348 CREDIT CARD SERVICES IA AFFILIATES MANAGEMENT COMPANY C 451838 0 AFFILIATES MANAGEMENT COMPANY 7745 OFFICE PLAZA DRIVE N SUITE 170 WEST DES MOINES IA 50266 364861424 HOLDING COMPANY IA IOWA CREDIT UNION LEAGUE C 7720910 36343102 1.00000 0 FIRST COMMUNITY TRUST 3385 HILLCREST ROAD DUBUQUE IA 52002 421512084 TRUST BANKING ASSOCIATION IA AFFILIATES MANAGEMENT COMPANY C 6684751 14526937 1.00000 0 POLICYWORKS GRC LTD TOM CREAN BUSINESS CENTRE COUNTY KERRY EI TECHNOLOGY SOLUTIONS EI N/A 0 YOUCOMPLY LTD TOM CREAN BUSINESS CENTRE COUNTY KERRY EI TECHNOLOGY SOLUTIONS EI N/A 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 AFFILIATES MANAGEMENT COMPANY (AMC) K 33074 GAAP COOPERA CONSULTING (SUBSIDIARY OF AMC) M 60623 GAAP AMC EMPLOYEE BENEFITS COMPANY (SUBSIDIARY OF AMC) O 385627 GAAP AFFILIATES MANAGEMENT COMPANY (AMC) M 945653 GAAP AFFILIATES MANAGEMENT COMPANY - POLICYWORKS - IOWA M 598036 GAAP AFFILIATES MANAGEMENT COMPANY - VICLARITY M 404322 GAAP AMC EMPLOYEE BENEFITS COMPANY (SUBSIDIARY OF AMC) M 19092 GAAP