2017-10-30T12:29:42-05:00 2016-12-31 421186197 GARDINER THOMSEN 10555 NEW YORK AVENUE SUITE 200 DES MOINES IA 50322 990 2016-01-01 420794732 AFFINITY CREDIT UNION AFFI 5152887225 475 NW HOFFMAN LANE DES MOINES IA 50313 ANDY FOGLE CEO 5152887225 2017-10-30 1 C L TELK JR CPA P00888922 5152701446 208.69.145.49 2017-10-30 12:29:23 CD P 89AF33B0D81E2F1A74D23D70D79B18795F6FA490 329CB203DCABE355E26C272970E5FD429BD5D33D 2016 2018-03-14 21:41:22Z ANDY FOGLE 475 NW HOFFMAN LANE DES MOINES IA 50313 6233846 0 X WWW.AFFINITYCUIA.ORG X 1949 IA AFFINITY CREDIT UNION IS COMMITTED TO PROVIDING INNOVATIVE AND EXCELLENT PERSONAL SERVICE AND FINANCIAL PRODUCTS TO OUR MEMBERSHIP WHILE MAINTAINING FINANCIAL STABILITY. 9 9 32 0 0 -67136 0 0 3286956 3989854 14523 54598 2061855 2189394 5363334 6233846 0 0 0 0 1791613 1956506 0 0 0 2663217 3048304 4454830 5004810 908504 1229036 92762021 95866702 84541094 86388600 8220927 9478102 AFFINITY CREDIT UNION IS COMMITTED TO PROVIDING INNOVATIVE AND EXCELLENT PERSONAL SERVICE AND FINANCIAL PRODUCTS TO OUR MEMBERSHIP WHILE MAINTAINING FINANCIAL STABILITY. 0 0 5004810 6180181 AFFINITY CREDIT UNION PROVIDES A WIDE VARIETY OF SERVICES TO ITS MEMBERS. AFFINITY PROVIDES ECONOMICAL SAVINGS, CHECKING, AND OTHER DEPOSIT SERVICES. AFFINITY ALSO PROVIDES BUSINESS, CONSUMER AND REAL ESTATE LOANS. WE ALSO PROVIDE VARIOUS FINANCIAL ASSISTANCE/EDUCATION FOR MEMBERS OF ALL AGES. AFFINITY SERVED 11,952 MEMBERS IN 2016. 5004810 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 3963 0 1 32 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 0 0 1 0 0 X X X JUSTIN WILLIAMS 5152887225 475 NW HOFFMAN LANE DES MOINES IA 50313 JAMES MARTENS CHAIRPERSON 2.00 X 1896 0 0 MARJORIE RAMSEY SECRETARY 1.00 X X 0 0 0 CHRISTIAN QUIJANO DIRECTOR 1.00 X X 0 0 0 KLYE JOHNSON DIRECTOR 1.00 X X 0 0 0 DAVID BUSCH VICE CHAIRPERSON 1.00 X 0 0 0 LEE ROY PORTER JR DIRECTOR 1.00 X 0 0 0 JERRY JOHNSON DIRECTOR 1.00 X X 0 0 0 ANDREW ROBY DIRECTOR 1.00 X 0 0 0 JENELLE PATTERSON DIRECTOR 1.00 X 0 0 0 JASON CROOKS CEO 40.00 X 194167 0 16537 JUSTIN WILLIAMS CFO 40.00 X 126584 0 10480 322647 0 27017 2 0 1 0 FISERV 75 REMITTANCE DR SUITE 1649 CHICAGO IL 606751649 DATA PROCESSER 754476 1 LOAN INTEREST 522100 3989854 3989854 3989854 53665 53665 933 0 933 933 933 SERVICE FEES 522100 1003066 1003066 CREDIT/DEBIT CARD FEES 522100 664577 664577 521751 521751 2189394 6233846 6180181 0 53665 347768 347768 1257385 1257385 44198 44198 175153 175153 132002 132002 43426 43426 32100 32100 103355 103355 437358 437358 267210 267210 160310 160310 21258 21258 4228 4228 325693 325693 19494 19494 206840 206840 63688 63688 CREDIT/DEBIT CARD EXPEN 513219 513219 PROVISION FOR LOAN LOSS 253000 253000 ONLINE SERVICES 143135 143135 LOAN EXPENSE 111057 111057 342933 342933 5004810 5004810 0 0 707485 916293 13771695 9632956 72136620 78574947 232714 191085 3434478 1594835 1989395 1839643 500000 500000 2401000 2416900 1023112 1794878 92762021 95866702 1537549 2556575 83003545 83832025 84541094 86388600 X 0 0 3803627 4234627 4417300 5243475 8220927 9478102 92762021 95866702 X 1229036 28139 X X 0 1 X 1 0 283648 283648 2456581 1094980 1361601 109239 97573 11666 585010 402282 182728 1839643 MEMBER SHARES 83832025 83832025 X 6233846 0 6233846 0 6233846 5004810 0 5004810 0 5004810 PART X, LINE 2: IN ACCORDANCE WITH THE INCOME TAXES TOPIC OF THE FASB ASC, THE CREDIT UNION EVALUATES UNCERTAIN TAX BENEFITS ARISING FROM TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN BASED UPON THE LIKELIHOOD OF BEING SUSTAINED UPON EXAMINATION BY APPLICABLE TAX AUTHORITIES. IF THE CREDIT UNION DETERMINES THAT A TAX POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED, IT RECOGNIZES THE LARGEST AMOUNT OF THE ARISING BENEFIT THAT IS GREATER THAN 50% LIKELY OF BEING REALIZED UPON SETTLEMENT IN THE FINANCIAL STATEMENTS. ANY TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT DO NOT PASS THE MORE LIKELY THAN NOT TEST, THE CREDIT UNION ESTABLISHES RESERVES OFFSETTING THE BENEFITS RELATED TO SUCH POSITIONS. INTEREST AND PENALTIES, IF ANY, ARE INCLUDED IN THE CURRENT PERIOD PROVISION FOR INCOME TAXES IN THE CREDIT UNION'S STATEMENT OF INCOME AND ARE INCLUDED AS A CURRENT LIABILITY IN THE BALANCE SHEET. 0 0 0 JASON CROOKS CEO 144167 0 50000 0 0 0 5825 0 10712 0 210704 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION IS A CREDIT UNION WITH MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THE ENTIRE BOARD OF DIRECTORS IS VOTED ON BY THE MEMBERSHIP OUT OF THE MEMBERSHIP. EVERY YEAR THERE ARE THREE POSITIONS UP FOR ELECTION FOR THREE YEAR TERMS (9 BOARD MEMBERS). BOARD MEMBERS COME OUT OF THE GENERAL MEMBERSHIP AND ANY MEMBER IN GOOD STANDING CAN RUN FOR THE BOARD. A MEMBER IN GOOD STANDING IS ONE WHO IS NOT DELINQUENT ON LOAN PAYMENTS, HAS THE MINIMUM $25 MEMBERSHIP AMOUNT ON DEPOSIT, AND HAD NOT CAUSED THE CREDIT UNION A LOSS (CHARGED OFF). FOR BOARD/VOTING PURPOSES THE MEMBER MUST ALSO BE AT LEAST 16 YEARS OLD. EACH MEMBER HAS ONE VOTE FOR EACH OPEN POSITION. FORM 990, PART VI, SECTION A, LINE 7B THE MEMBERSHIP OF THE CREDIT UNION IS REQUIRED TO VOTE ON ANY ACTION THAT WOULD CHANGE THE BYLAWS OF THE CREDIT UNION. THIS INCLUDES BUT IS NOT LIMITED TO, NAME CHANGE, MERGERS, AND CHARTER CONVERSION (CHANGING STRUCTURE AWAY FROM A CREDIT UNION). FORM 990, PART VI, SECTION B, LINE 11B THE CEO AND CFO REVIEW THE FORM AFTER THE CPA FIRM COMPLETES IT BASED ON THE INFORMATION PROVIDED TO THEM BY THE CREDIT UNION. AFTER THE FORM HAS BEEN REVIEWED BY MANAGEMENT ADDITIONAL COPIES ARE MADE AND GIVEN TO THE BOARD OF DIRECTORS TO REVIEW PRIOR TO THE CEO SIGNING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS REVIEWED ANNUALLY. THE BOARD OF DIRECTORS AND MANAGEMENT ARE RESPONSIBLE FOR MONITORING. FORM 990, PART VI, SECTION B, LINE 15A IPERFORMEASE AND COMPEASE SOFTWARE IS USED TO ESTABLISH AND MAINTAIN JOB PAY SCALES AND ENSURE EQUITABLE REVIEWS FOR EMPLOYEES IN THE SAME JOB CLASS AND INCLUDES WRITTEN JOB DESCRIPTIONS WITH WRITTEN EXPECTATIONS THAT ARE USED BY THE IMMEDIATE SUPERVISOR TO CREATE THE PERFORMANCE REVIEW THAT IS REVIEWED BY TWO LEVELS OF UPPER MANAGEMENT. FORM 990, PART VI, SECTION C, LINE 18 A COPY OF THE CURRENT 990 IS KEPT AT THE MAIN OFFICE AND IS AVAILABLE FOR REVIEW DURING NORMAL BUSINESS HOURS. FORM 990, PART VI, SECTION C, LINE 19 THE MONTHLY FINANCIAL STATEMENT IS POSTED IN THE LOBBY OF EACH THE OF THE BRANCHES. FORM 990, PART XI, LINE 9: UNREALIZED GAIN ON POST EMPLOYMENT HEALTH CARE PLAN 28,139. FORM 990 PAGE 12 PART XII LINE 3C THE AUDIT COMMITTEE; WHICH IS COMPOSED OF BOARD MEMBERS; HIRES THE CPA FIRM AND POLICYWORKS TO COME IN AND PERFORM REGULAR OUTSIDE AUDITS AND THE RESULTS ARE REPORTED TO THE FULL BOARD. IF ANY AUDIT WERE TO FIND AN ISSUE OF CONCERN IT WOULD BE REPORTED TO THE COMMITTEE CHAIR AND THE CEO (UNLESS THE CEO WAS PART OF THE PROBLEM). THE CEO ASSISTS IN ENSURING THAT ALL NECESSARY AUDITS OCCUR WHEN NEEDED AS THE AUDIT COMMITTEE MEMBERS ARE ALL VOLUNTEERS AND THE CEO IS ON SITE DAILY. ON A DAILY BASIS THE CEO WORKS WITH THE CFO TO MAINTAIN THE BOOKS AND THE CEO MUST APPROVE AND INITIAL ALL INVOICES BEFORE THEY ARE PAID.