2019-11-14T16:23:20-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 109 N MAIN STREET SUITE 200 AUSTIN MN 55912 990 2018-01-01 420794732 AFFINITY CREDIT UNION AFFI 5152887225 475 NW HOFFMAN LANE DES MOINES IA 50313 JIM DEAN CEO 5152887225 2019-11-13 1 TANYA MEDGAARDEN P01717240 5074347000 2019-11-13 67.137.57.251 2019-11-13 14:59:06 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 BDA8042A4A1B5EFC7B6B23756E4A8DE2138A36D7 2018 2020-03-31 21:24:44Z JIM DEAN 475 NW HOFFMAN LANE DES MOINES IA 50313 8920877 0 X WWW.AFFINITYCUIA.ORG X 1949 IA AFFINITY CREDIT UNION'S MISSION IS BUILDING BETTER LIVES. 9 9 43 11 83514 0 0 0 7261662 8794357 72510 126520 0 0 7334172 8920877 0 0 538589 676744 2293299 2656244 0 0 0 3929701 5173158 6761589 8506146 572583 414731 110637287 114681211 100528332 104284060 10108955 10397151 BUILDING BETTER LIVES BY WORKING IN YOUR BEST INTEREST, SIMPLIFY YOUR LIFE, PROVIDE SOLUTIONS TO HELP YOU ACHIEVE FINANCIAL SUCCESS AND ENRICH OUR COMMUNITIES. 0 0 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 MEMBER OF ALL AGES. AFFINITY SERVED 14,006 MEMBERS IN 2018. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4811 0 1 43 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 1 0 1 1 0 X X X HEIDI SHAW 5152887225 475 NW HOFFMAN LANE DES MOINES IA 50313 CHRISTIAN QUIJANO CHAIRPERSON 2.00 X X 0 0 0 DAVID BUSCH CHAIRPERSON 1.00 X X 0 0 0 JAMES MARTENS VICE CHAIRPERSON 1.00 X X 2716 0 0 MARJORIE RAMSEY SECRETARY 1.00 X X 0 0 0 ANDY ROBY DIRECTOR 1.00 X 0 0 0 JENELLE PATTERSON DIRECTOR 1.00 X 0 0 0 CARA HARRIS DIRECTOR 1.00 X 0 0 0 KYLE JOHNSON DIRECTOR 1.00 X 0 0 0 LEE ROY PORTER DIRECTOR 1.00 X X 0 0 0 JAMES DEAN CEO 50.00 X 57688 0 7430 ANDY FOGLE CEO-PART YEAR 50.00 X 51760 0 9408 HEIDI SHAW CFO 50.00 X 29720 0 6262 JUSTIN WILLIAMS CFO-PART YEAR 50.00 X 46888 0 9598 LINDSAY TAYLOR OPERATIONS MANAGER 50.00 X 73670 0 10752 KRIS LAUFER VP MARKETING 50.00 X 97686 0 5182 JOSH MURPHY VP LENDING & DEVELOPMENT 50.00 X 104272 0 20427 464400 0 69059 1 0 0 0 ONSITE SOLUTIONS 9500 UNIVERSITY AVENUE STE 2112 WEST DES MOINES IA 50266 CONSTRUCTION CONTRACTOR 295736 ROUTE 66 PO BOX 1075 MOUNTAIN HOME AR 72654 MEMBER EXTENDED WARRANTY 255591 CUANSWERS 6000 28TH STREET SE STE 100 GRAND RAPIDS MI 49546 CORE SOFTWARE 192379 FISERV 255 FISERVE DRIVE BROOKFIELD WI 53045 CORE SOFTWARE 174509 AUREON TECHNOLOGY 7760 OFFICE PLAZA DRIVE SOUTH WEST DES MOINES IA 50266 IT 130177 5 LOAN INTEREST 522100 5751848 5751848 FEE INCOME 522100 3042509 2958995 83514 8794357 119881 119881 6639 0 6639 6639 6639 8920877 8710843 83514 126520 676744 533459 1475417 45944 415831 185593 121642 82901 382258 129877 320224 194132 257556 28728 17401 395 18917 284260 106501 PROVISION FOR LOAN LOSS 2017975 DEBIT/CREDIT CARD EXPEN 683405 OTHER EXPENSES 234097 LOAN EXPENSES 226493 66396 8506146 1099228 1422472 9585770 10665702 53204 61089 93789181 96742771 264330 384476 4649065 1569067 2871295 3079998 500000 944100 1021555 1530179 1303148 110637287 114681211 2275318 1927348 98253014 102356712 100528332 104284060 X 0 0 5269727 5269727 4839228 5127424 10108955 10397151 110637287 114681211 X 414731 -126536 X 1 X 1 X 1 0 283648 283648 3613839 1247732 2366107 751578 321335 430243 3079998 MEMBER SHARES 102356712 102356712 X PART X, LINE 2: THE CREDIT UNION IS EXEMPT BY STATUE FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE CREDIT UNION IS SUBJECT TO UNRELATED BUSINESS INCOME TAX. THE CREDIT UNION EVALUATES UNCERTAIN TAX BENEFITS ARISING FROM TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN 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 RECONGNIZES 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. 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 $5 MEMBERSHIP AMOUNT ON DEPOSIT, AND HAS 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 CONVERSIONS (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. NO DIRECTOR OR CREDIT UNION OFFICIAL HAVING INVESTMENT AUTHORITY WILL CONDUCT PERSONAL TRANSACTIONS WITH ANY OF THE INDIVIDUAL BROKERS THE CREDIT UNION DOES BUSINESS WITH. IN ADDITION, NO DIRECTOR, CREDIT UNION OFFICIAL OR THEIR IMMEDIATE FAMILY WILL RECEIVE ANY FINANCIAL CONSIDERATION IN CONNECTION WITH THE MAKING OF ANY INVESTMENT. FORM 990, PART VI, SECTION B, LINE 15 WITH THE ASSISTANCE OF COMPEASE, A THIRD PARTY VENDOR, THE CEO CREATES THE MERIT INCREASE MATRIX. SUPERVISORS COMPLETE ANNUAL PERFORMANCE EVALUATIONS FOR EACH OF THEIR EMPLOYEES AND THE EVALUATIONS ARE REVIEWED BY THE CEO. ONCE THE EVALUATIONS ARE COMPLETED A SCORE IS COMPILED. THE SCORE IS PLUGGED INTO THE COMPEASE SOFTWARE TO DETERMINE THE PAY INCREASE, IN ADDITION TO A COMPARISON OF THE EMPLOYEES COMP RATIO. THE CEO THEN PREPARES A SUMMARY FOR THE CFO TO ENTER THE INCREASES INTO THE HR PORTAL. THE INCREASES ARE THEN APPROVED BY OASIS. THE SUMMARY IS KEPT ELECTRONICALLY IN THE PAYROLL FILE. 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 STATEMENTS ARE POSTED IN THE LOBBY OF EACH OF THE BRANCHES. FORM 990, PART XI, LINE 9: ELIMINATION OF POST EMPLOYMENT HEALTH CARE PLAN -126,536.