2026-09-21T14:04:51-05:00 2025-12-31 410746749 CLIFTONLARSONALLEN LLP 311 FINANCIAL WAY SUITE 100 WAUSAU WI 54401 990 2025-01-01 420794732 AFFINITY CREDIT UNION AFFI 5152887225 475 NW HOFFMAN LANE DES MOINES IA 50313 JEREMY SMITH CEO 5152887225 2026-09-14 1 ANGELICA KRAUTKRAMER P02005570 7156752351 2026-09-14 2025 JEREMY SMITH 475 NW HOFFMAN LANE DES MOINES IA 50313 10999257 0 X WWW.AFFINITYCUIA.ORG X 1949 IA AFFINITY CREDIT UNION'S MISSION IS BUILDING BETTER LIVES. 7 7 47 7 118318 0 0 0 7204500 8901119 1426436 1465048 2130737 575358 10761673 10941525 98010 95575 1634403 1634347 3703239 3753527 0 0 0 4067320 4745316 9502972 10228765 1258701 712760 148645606 149686546 132344703 132036123 16300903 17650423 BUILDING BETTER LIVES BY WORKING IN YOUR BEST INTEREST, TO 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 INCLUDING ECONOMICAL SAVINGS, CHECKING AND OTHER DEPOSIT SERVICES IN ADDITION TO CONSUMER, REAL ESTATE, AND BUSINESS LOANS. AFFINITY CREDIT UNION ALSO PROVIDES VARIOUS FINANCIAL ASSISTANCE/EDUCATION FOR MEMBERS OF ALL AGES. AFFINITY SERVED 12,674 MEMBERS IN 2025. 0 0 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 4097 0 1 47 1 1 1 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 0 1 1 1 1 0 IA X X CARMEN WOOLEY 5157777792 475 NW HOFFMAN LANE DES MOINES IA 50313 CARA HARRIS BOARD CHAIR 1.00 X X 0 0 0 LEE ROY PORTER TREASURER 1.00 X X 0 0 0 WILLIAM DOWNING DIRECTOR 1.00 X 0 0 0 ISABELLE HANSON DIRECTOR 1.00 X 0 0 0 TERRY JONES DIRECTOR 1.00 X 0 0 0 JAMES MARTENS DIRECTOR 1.00 X 0 0 0 AARON OLSON DIRECTOR 1.00 X 0 0 0 JEREMY SMITH CEO 50.00 X 189986 0 40391 CARMEN WOOLEY CFO 50.00 X 131029 0 37209 KRIS LAUFER CMO 50.00 X 134490 0 10425 BRIAN GOETZINGER VICE PRESIDENT OF LENDING 50.00 X 132502 0 9403 CHANTEL TURLEY VP OF MEMBER SERVICES 50.00 X 105100 0 10108 693107 0 107536 5 0 1 0 FIS PO BOX 4535 CAROL STREAM IL 60197 CARD SERVICES 689592 NEWGROUND PO BOX 6228 CAROL STREAM IL 60197 ENGINEER / BRANCH 502333 CENTURY AUTOMOVTIVE SERVICE 2 PARK SQUARE 6565 AMERICAS PKWY NE ALBUQUERQUE NM 87110 MECHANICAL BREAKDOWN 314519 CORELATION 2305 HISTORIC DECATUR RD STE 300 SAN DIEGO CA 92106 CORE SOFTWARE 275151 ACCESS SYSTEMS 1055 SE OLSON DRIVE WAUKEE IA 50263 SECURITY SOLUTIONS 104103 5 LOAN INTEREST 522100 6711009 6711009 INTERCHANGE INCOME 522100 1228063 1228063 FEE INCOME 522100 962047 843729 118318 8901119 1490554 1490554 1487 30739 20232 37500 -18745 -6761 -25506 -25506 OTHER INCOME 522100 575358 575358 575358 10941525 9358159 118318 1465048 X 95575 1634347 543530 2437644 89028 409754 273571 3586 103436 1619546 123821 589366 193963 285024 16607 44366 18098 460117 70140 PROVISION FOR CREDIT LO 672077 OTHER EXPENSES 270950 LOAN EXPENSES 268682 OPERATING FEES 5537 10228765 1547141 1612559 13591014 11165601 62037 52819 102237716 104811269 263301 349108 8290843 3540313 4491420 4750530 23065921 23189317 601900 605700 2785156 3149643 148645606 149686546 2471093 2938376 129873610 129097747 132344703 132036123 X 0 0 0 0 16300903 17650423 16300903 17650423 148645606 149686546 712760 636760 0 X X 0 1 X 1 0 907387 907387 4353672 2344788 2008884 2545520 1195525 1349995 484264 484264 4750530 AFS SECURITIES 22626586 F EQUITY SECURITIES 562731 F 23189317 MEMBER SHARES 129097747 129097747 X 10941525 0 10941525 0 10941525 10228765 0 10228765 0 10228765 PART X, LINE 2: THE CREDIT UNION IS EXEMPT, UNDER IRC 501(C)(14), FROM MOST FEDERAL AND STATE INCOME TAXES. THE CREDIT UNION HAS FILED TAX RETURNS IN THE PAST FOR ACTIVITIES IT HAS DEEMED TAXABLE AS UNRELATED BUSINESS INCOME. THE CREDIT UNION EVALUATED ITS TAX POSITIONS AND DETERMINED NO UNCERTAIN TAX POSITIONS EXIST AS OF DECEMBER 31, 2025 AND 2024. THE CREDIT UNION'S 2021 THROUGH 2023 TAX YEARS ARE OPEN FOR EXAMINATION BY FEDERAL AND STATE TAXING AUTHORITIEIS. 0 BIG BROTHERS BIG SISTERS 2130 GRAND AVE DES MOINES IA 50312 421184999 501(C)(3) 12000 0 PROGRAM SUPPORT FOOD BANK OF IOWA 2220 E 17TH ST DES MOINES IA 50312 421177880 501(C)(3) 24000 0 PROGRAM SUPPORT PROJECT IOWA 4801 FRANKLIN AVE ROOM 106 DES MOINES IA 50310 800731028 501(C)(3) 15025 0 PROGRAM SUPPORT IOWA CREDIT UNION FOUNDATION 7745 OFFICE PLAZA DR N SUITE 170 WEST DES MOINES IA 50266 421438113 501(C)(3) 6050 0 PROGRAM SUPPORT UNITY POINT HEALTH DES MOINES FOUNDATION 1415 WOODLAND AVE SUITE E-200 DES MOINES IA 50309 421467682 501(C)(3) 12000 0 PROGRAM SUPPORT URBANDREAMS 1615 2ND AVE DES MOINES IA 50314 381879350 501(C)(3) 21000 0 PROGRAM SUPPORT 6 0 X X X X 0 0 0 JEREMY SMITH CEO 179984 0 6300 0 3702 0 11640 0 28751 0 230377 0 0 0 CARMEN WOOLEY CFO 126951 0 2000 0 2078 0 8364 0 28845 0 168238 0 0 0 PART I, LINE 3 THE ANNUAL NAFCU AND GALLAGHER COMPENSATION AND BENEFITS REPORT, CU PERFORMANCE SOLUTIONS COMPEASE SYSTEM WITH BENCHMARKED JOBS ARE BOTH RESOURCES FOR COMPARISON. 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 MEMBERS OF THE CREDIT UNION. EVERY YEAR THERE ARE THREE POSITIONS UP FOR ELECTION FOR THREE-YEAR TERMS (7 BOARD MEMBERS). BOARD MEMBERS COME OUT OF THE GENERAL MEMBERSHIP AND ANY MEMBER, AGE 16 OR OLDER, 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 (CHARGE OFF). 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 A, LINE 8B THERE ARE NO COMMITTEES THAT HAVE BEEN GRANTED AUTHORITY TO ACT ON BEHALF OF THE BOARD. 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, COPIES ARE MADE AND GIVEN TO THE BOARD OF DIRECTORS TO REVIEW BEFORE THE CEO SIGNS THE RETURN. FORM 990, PART VI, SECTION B, LINE 12 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. FAMILY MEMBERS OF EMPLOYEES ARE TRACKED INTERNALLY AND ARE FLAGGED IN OUR CORE SYSTEM. WE RECEIVE REPORTS FROM AUDITLINK IF A TRANSACTION/ACCOUNT MAINTENANCE IS DONE BY AN EMPLOYEE ON A FAMILY MEMBERS ACCOUNT. IF THERE IS A CONFLICT OF INTEREST THEN THE EMPLOYEE WOULD RECEIVE DISCIPLINARY ACTION UP TO AND INCLUDING TERMINATION. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS, WHO OBTAINS INPUT FROM A 3RD PARTY COMPANY TO HELP DETERMINE A COMPENSATION PACKAGE. COMPENSATION SURVEYS ARE USED BY THE BOARD AND 3RD PARTY TO HELP DETERMINE AN APPROPRIATE COMPENSATION. THE DECISION IS DOCUMENTED IN THE BOARD MINUTES. 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. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. 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 IX, LINE 11G DATA PROCESSING 966,230. OTHER PROFESSIONAL AND OUTSIDE SERVICES 653,316. FORM 990, PART XII, LINE 2C: NO CHANGES FROM PRIOR YEAR.