2014-11-11T16:49:01-06:00 2013-12-31 420714325 MCGLADREY LLP 400 LOCUST ST STE 640 DES MOINES IA 503092354 990 2013-01-01 830494970 IOWA CREDIT UNION LEAGUE IOWA 5152213000 1500 NW 118TH STREET DES MOINES IA 50325 MICHAEL J POWERS CFO 5152213000 2014-11-11 1 KATHY FAIRCHILD P00222608 5155586600 2013 2015-11-30 17:44:51Z MICHAEL J POWERS 1500 NW 118TH STREET DES MOINES IA 50325 14171210 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. 12 12 11 30 69007 -106122 0 143521 1362001 1239761 373025 659721 62992 66442 1798018 2109445 15007 11130 0 0 862798 1114387 0 0 0 1797257 1856679 2675062 2982196 -877044 -872751 32070364 33320476 1260676 1428718 30809688 31891758 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, PROVIDE STRATEGIC DIRECTION CONCERNING CREDIT UNION COMPLIANCE ISSUES, AND CONDUCT BSA INDEPENDENT TESTS AND WEBSITE COMPLIANCE AUDITS. 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 0 0 1 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 1 15 0 1 11 1 1 1 0 0 0 0 0 X 12 12 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 X MICHAEL J POWERS CFO 5152213000 1500 NW 118TH STREET DES MOINES IA 50325 X JANINE KEIM DIRECTOR 1.00 X 0 0 0 JONATHON MILLER DIRECTOR 1.00 X 0 0 0 TIM MARCSISAK DIRECTOR 1.00 X 0 0 0 DAVE CALE VICE CHAIRMAN 1.00 X 0 0 0 JOE HEARN DIRECTOR 1.00 X 0 0 0 TIM CHAPMAN CHAIRMAN 1.00 X 0 0 0 JEFF HAYES DIRECTOR 1.00 X 0 0 0 PAT DRENNEN DIRECTOR 1.00 X 0 0 0 BRENT HELIN DIRECTOR 1.00 X 0 0 0 JIM HAGERMAN DIRECTOR 1.00 X 0 0 0 DENNIS SIEMERS DIRECTOR 1.00 X 0 0 0 HELEN PEARCE DIRECTOR 1.00 X 0 0 0 TIM WALLEN DIRECTOR 1.00 X 0 0 0 PATRICK JURY CEO/SEC & TREAS 8.00 32.00 X 768673 0 32477 MURRAY WILLIAMS COO 32.00 8.00 X 205463 0 46453 MIKE POWERS CFO 8.00 32.00 X 286843 0 56961 1260979 0 135891 4 0 1 0 THE MEMBERS GROUP HOLDING COMPANY INC 1500 NW 118TH STREET DES MOINES IA 50325 PAYROLL 804123 AFFILIATES MANAGEMENT COMPANY - POLICYWO 1500 NW 118TH STREET DES MOINES IA 50325 LOBBYING & REGULATORY SERVICE 606670 AFFILIATES MANAGEMENT COMPANY (AMC) 1500 NW 118TH STREET DES MOINES IA 50325 MANAGEMENT SERVICES 327038 3 143521 143521 MEMBERSHIP DUES 561000 990434 990434 ANNUAL MEETING 561000 229194 229194 SERVICE FEES 561000 20133 17568 2565 1239761 378965 378965 12342521 12061765 280756 280756 280756 MANAGEMENT CONTRACTS 561000 66442 66442 66442 2109445 1237196 69007 659721 11130 557911 364556 112825 34529 44566 73938 40108 30398 584165 25877 226965 57434 49808 23763 55711 106905 167911 23160 4088 SUPPORT SERVICES 286624 EDUCATION & TRAINING 44060 MISCELLANEOUS 30542 HUMAN RESOURCES 25222 2982196 474417 653497 8973 90206 723558 82121 22689 226082 218367 30240 7715 31474613 31822811 32070364 33320476 902609 1202215 358067 226503 1260676 1428718 X 0 0 0 0 30809688 31891758 30809688 31891758 32070364 33320476 X -872751 577956 1376865 X 0 1 X 1 0 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). 57782 54533 3249 168300 163834 4466 7715 22295521 C INVESTMENT IN CREDIT UNION HOUSE LLC 37695 F PUBLICLY TRADED SECURITIES 9206614 F INVESTMENT IN IOWA BUSINESS GROWTH 2001 F INVESTMENT IN CU PARTNER LINK 100000 F INVESTMENT IN LEAGUE INFOSIGHT 172500 C INVESTMENT IN CUNA STRATEGIC SERVICES 8480 C 31822811 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 WORLDWIDE FOUNDATION FOR CREDIT UNIONS INC PO BOX 2982 MADISON WI 53701 396093210 501(C)(3) 10000 GENERAL SUPPORT 1 0 1 0 PATRICK JURY CEO/SEC & TREAS 415450 0 198010 0 155213 0 12750 0 19727 0 801150 0 0 0 MURRAY WILLIAMS COO 154403 0 46556 0 4504 0 36181 0 10272 0 251916 0 0 0 MIKE POWERS CFO 200155 0 66383 0 20305 0 45222 0 11739 0 343804 0 0 0 PART I, LINE 4B MIKE POWERS AND MURRAY WILLIAMS PARTICIPATED IN A NON QUALIFIED DEFERRED COMPENSATION PLAN. MIKE POWERS $32,472 MURRAY WILLIAMS $25,390 FORM 990, PART VI, SECTION A, LINE 2 PATRICK JURY, DAVE CALE, AND MIKE POWERS, ARE OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF COMMUNITY BUSINESS LENDERS, A 53.33% OWNED RELATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. TIM CHAPMAN, DAVE CALE, PATRICK JURY, MURRAY WILLIAMS, AND MIKE POWERS ARE OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF AFFILIATES MANAGEMENT COMPANY, A 100% OWNED RELATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. PATRICK JURY AND PAT DRENNEN ARE OFFICERS, DIRECTORS, OR KEY EMPLOYEES OF TMG FINANCIAL SERVICES, A 82.47% OWNED RELATED ENTITY THAT HAS A BUSINESS RELATIONSHIP WITH IOWA CREDIT UNION LEAGUE. FORM 990, PART VI, SECTION A, LINE 3 THE MEMBERS GROUP HOLDING COMPANY, INC, A 100% OWNED RELATED ENTITY, IS THE PAYROLL AGENT FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 3 AFFILIATES MANAGMENT COMPANY, A 100% OWNED RELATED ENTITY, PROVIDES ACCOUNTING, HUMAN RESOURCES, RISK MANAGEMENT, AND FACILITIES MANAGEMENT FOR THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 THIS ORGANIZATION HAS MEMBERS. THESE MEMBERS MAY BE DIVIDED INTO TWO CLASSES: REGULAR MEMBERS AND ASSOCIATE REMBERS. 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; AND 2) A NOMINATION FORM INDICATING THE OPEN BOARD POSITION(S) TO BE FILLED WITHIN EACH RESPECTIVE ASSET CATEGORY AS WELL AS WITHIN ANY "AT-LARGE" POSITIONS AT THE UP-COMING ELECTION. THE BOARD OF DIRECTORS OF ANY MEMBER CREDIT UNION MAY NOMINATE ONE (1) OF THE MEMBERS OF THE CREDIT UNION AS A CANDIDATE IN WHICH THERE WILL BE A VACANCY AT THE ENSUING ANNUAL MEETING AND (2) THE CREDIT UNION DOES NOT ALREADY HAVE A MEMBER ON THE BOARD, UNLESS THE CURRENT DIRECTOR'S TERM IS EXPIRING OR IS NOT SEEKING RE-ELECTION. WITHIN THIRTY (30) DAYS FOLLOWING THE LEAGUE'S DISTRIBUTION OF A NOMINATION FOR THE MEMBERS, EACH MEMBER SHALL SUBMIT ITS NOMINATION. 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 WITHIN THEIR RESPECTIVE ASSET CATEGORY FOR OPEN BOARD POSITION (2) TO BE FILLED. EACH MEMBER CREDIT UNION SHALL BE ENTITLED TO CAST A VOTE FOR EACH DIRECTOR TO BE ELECTED IN ITS RESPECTIVE ASSET CATEGORY AS WELL AS A VOTE FOR EACH DIRECTOR TO BE ELECTED IN THE "AT-LARGE" CATEGORY. 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 TO THE LEAGUE FOR TABULATION. FORM 990, PART VI, SECTION A, LINE 7B 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) OF TWO (2) DELEGATES OR ALTERNATIVES WHO MUST BE MEMBERS OF THE CREDIT UNION, AND WHO HAVE BEEN SELECTED BY THAT CREDIT UNION'S BOARD OF DIRECTORS, WHICH SELECTIONS SHALL BE CERTIFIED TO THE CREDENTIALS COMMITTEE PRIOR TO EACH MEETING. ONLY DELEGATES OR ALTERNATIVES SO CERTIFIED SHALL HAVE THE PRIVILEGE OF VOTING AT ANY MEETING. THERE SHALL NOT BE VOTING BY PROXY. 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 11 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 REVIEW IS DONE ON AN ANNUAL BASIS WITH THE LATEST REVIEW COMPLETED IN 2013. . THE PLAN DESIGNED BY THE AMC COMPENSATION COMMITTEE IS SUBJECT TO REVIEW BY THE ICUL BOARD OF DIRECTORS. THE COMPENSATION OF THE OTHER KEY OFFICIALS OF THE ORGANIZATION IS ESTABLISHED BY THE CEO AFTER REVIEW OF THE MARKET DATA COMPILED BY AN INDEPENDENT THIRD PARTY AND OTHER RELEVANT FACTORS. 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 VII AVERAGE HOURS PER WEEK DEVOTED TO POSITION WITH RELATED ORGANIZATION: PATRICK JURY 32 HOURS MIKE POWERS 32 HOURS MURRAY WILLIAMS 8 HOURS FORM 990, PART XI, LINE 9: EQUITY EARNINGS OF AFFILIATES MANAGEMENT COMPANY 1,444,928. CHANGE IN VALUE FROM PURCHASE OF NON-CONTROLLING INTEREST -68,063. FORM 990, PART I, LINE 6: EXPLANATION OF VOLUNTEERS 12 MEMBERS SERVED ON THE ORGANIZATION'S BOARD OF DIRECTORS DURING THE YEAR AND ARE CONSIDERED VOLUNTEERS. THERE ARE ALSO ANOTHER 30 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 $1,500 PER QUARTER. TIM CHAPMAN AND DAVE CALE SERVED ON THE AFFILIATES MANAGEMENT COMPANY BOARD AND EACH RECEIVED $6,000 IN DIRECTORS FEES. PATRICK JURY ALSO SERVED ON THE BOARD AS CHAIRMAN OF AFFILATES MANAGEMENT COMPANY BUT RECEIVED NO DIRECTOR FEES. 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