2024-06-06T16:30:41-04:00 2023-12-31 461065712 BRENT WOOKEY CPA PO BOX 1512 LA CROSSE WI 546021512 990 2023-01-01 420329305 AIM CREDIT UNION AIMC 5635853737 1200 ASSOCIATES DRIVE DUBUQUE IA 52002 MIKE MORONEY PRESIDENT / CEO 5635853737 2024-06-05 true MIKE MORONEY 999009999 true BRENT WOOKEY CPA P00062439 6087920843 2024-06-06 X 2023 2023-04-26 12:10:37Z MIKE MORONEY 1200 ASSOCIATES DRIVE DUBUQUE IA 52002 8994554 false X WWW.AIMCREDITUNION.COM X 1933 IA TO DELIVER EXCEPTIONAL SERVICE AND PERSONALIZED FINANCIAL SOLUTIONS THAT HELP OUR MEMBERS ACHIEVE THEIR GOALS. 11 10 34 10 45355 22500 7500 6102705 7141375 518457 1722921 24466 24860 6668128 8896656 38397 25100 0 2041812 2232936 0 0 3498810 5641980 5579019 7900016 1089109 996640 162420940 184858645 143345980 162285651 19074960 22572994 TO DELIVER EXCEPTIONAL SERVICE AND PERSONALIZED FINANCIAL SOLUTIONS THAT HELP OUR MEMBERS ACHIEVE THEIR GOALS. false false THE CREDIT UNION HAS VARIOUS TYPES OF DEPOSIT ACCOUNTS AVAILABLE FOR OUR MEMBERS. WE OPENED 3,103 NEW DEPOSIT ACCOUNTS IN 2023. AS OF 12/31/23 WE HAD 13,552 MEMBERS. THE CREDIT UNION HAS SEVERAL TYPES OF LOAN PROGRAMS AVAILABLE FOR OUR MEMBERS. WE FUNDED 2,017 NEW LOANS DURING 2023. AS OF 12/31/23 WE HAD 8,426 OUTSTANDING LOANS RECEIVABLE. false true false false false false false true false true false true false true false false false false false false false false false false false false false true true false false false false false false false false false false false false false false true 5847 0 true 34 true true true false false false false false false false X 11 10 false false false false true true true true true false false false true true true true true true false false X MIKE MORONEY 5635853737 1200 ASSOCIATES DRIVE DUBUQUE IA 52002 MIKE MORONEY PRESIDENT / 50.00 X X 244762 0 90063 JACK SCHUMACHER CHAIRMAN 1.00 X X 0 0 0 JEFF EDDY VICE CHAIR 0.50 X X 0 0 0 BECKY JENKINS SECRETARY 0.50 X X 0 0 0 ELIZABETH MILLER DIRECTOR/AUD 0.50 X 0 0 0 MARK ARTHOFER DIRECTOR 0.50 X 0 0 0 VINCE COPELAND DIRECTOR 0.50 X 0 0 0 SANDY EVEN DIRECTOR 0.50 X 0 0 0 SHELLEY FITZGERALD DIRECTOR 0.50 X 0 0 0 JOESPH KUBESHESKI DIRECTOR 0.50 X 0 0 0 JEREMY WULFEKHULE DIRECTOR 0.50 X 0 0 0 244762 90063 1 false true false SHAZAM 6700 PIONEER PARKWAY JOHNSTON IA 50131 DEBIT CARD PROC 374475 KINSELLA CONCRETE 12619 WESTMONT HTS PEOSTA IA 52068 CONSTRUCTION 342200 CO-OP FINANCIAL SERVICES 1500 NW 118TH ST CLIVE IA 50325 CARD PROCESSING 334876 RSM 5115 PAYSHERE CIRCLE CHICAGO IL 60674 IT SERVICES 288788 BRADFORD SCOTT DATA CORP PO BOX 778963 CHICAGO IL 60677 CORE SYSTEM 267662 6 7500 7500 INTEREST ON LOANS 522130 6015889 6015889 OTHER MEMBER RELATED INCOME 522130 943930 943930 MEMBER FEE INCOME 522130 136201 136201 FEE & INSURANCE REVENUE 520000 45355 45355 7141375 1718752 1718752 24860 24860 102067 97898 4169 4169 4169 8896656 7100189 45355 1743612 17600 7500 244762 1421376 117987 310159 138652 33834 603209 185592 1510997 261780 196421 103729 173 293199 36144 DIVIDENDS EXPENSES 1785365 CREDIT LOSS EXPENSE 631537 7900016 0 0 0 1324094 1756140 16131276 21661777 118984060 129134911 139744 112767 9141366 2703006 6001562 6438360 13000657 17865094 652099 6839547 7237497 162420940 184858645 637432 1045898 595091 622202 142113457 160617551 143345980 162285651 X 19074960 22572994 19074960 22572994 162420940 184858645 X 996640 181965 2319429 X false false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 1063857 1063857 5938667 1148756 4789911 443705 298615 145090 1695137 1255635 439502 6438360 INVESTMENTS WITH MATURITY > 1 YR 11352995 C AFS INVESTMENTS WITH MATURITY > 1 YR 5677672 F CUNA CHARITABLE DONATIONS INVESTMENT 713954 C CAPITAL ACCOUNTS CORP CU 65227 C CUSO INVESTMENTS 55246 C 17865094 MEMBER SHARES & DEPOSITS 161164875 DEF COMP 457F PLAN 72708 OFF BAL SHEET CREDIT LOSS ALLOWANCE 2170 ESCROW TO LINE 21 BALANCE SHEET -622202 160617551 SCHEDULE D, PAGE 2, PART IV, LINE 2B THE CREDIT UNION HOLDS FUNDS IN ESCROW ACCOUNTS FOR PROPERTY TAXES AND HOMEOWNERS INSURANCE RELATED TO MORTGAGE LOANS. true URBAN 1ST TIME HOME BUYER 1 7500 SCHEDULE I, PAGE 1, PART I, LINE 2 URBAN FIRST TIME HOME BUYER FUND HOUSING ASSISTANCE MEMBER APPLIES FOR HOME LOAN PRE-APPROVAL. THE CREDIT UNION DETERMINES IF THE MEMBER IS A FIRST TIME HOME BUYER, IF THEY ARE PURCHASING IN AN URBAN AREA, AND IF THEIR INCOME IS WITHIN THE SPECIFIED INCOME GUIDELINES. THE BORROWER IS REQUIRED TO COMPLETE A FIRST TIME HOME BUYER EDUCATION PROGRAM. PART III, COLUMN (B) AND (C) ONE INDIVIDUAL WAS SELECTED IN 2023 TO RECEIVE ASSISTANCE OF 7,500. THE FUNDING WAS PROVIDED BY A FHLB PASS THROUGH GRANT. X X X false true false MIKE MORONEY PRESIDENT / CEO 223421 21341 67749 22314 334825 SCHEDULE J, PAGE 1, PART I, LINE 4 MIKE MORONEY 0 45,166 0 SCHEDULE J, PART III THE PRESIDENT/CEO PARTICIPATES IN A 457F PLAN. THE AMOUNT SHOWN ABOVE IS THE CONTRIBUTION TO THE PLAN FOR THIS CALENDAR YEAR. FORM 990, PAGE 6, PART VI, LINE 6 THE ORGANIZATION HAS MEMBERS. TO BE A MEMBER ONE MUST HAVE A SHARE (SAVINGS) ACCOUNT AT THE CREDIT UNION. FORM 990, PAGE 6, PART VI, LINE 7A THE BOARD OF DIRECTORS IS ELECTED BY THE CREDIT UNION MEMBERS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 7B A MEMBER VOTE IS REQUIRED FOR DECISIONS WHICH ARE BEYOND THE AUTHORITY OF THE BOARD OF DIRECTORS. ITEMS WHICH REQUIRE A MEMBERSHIP VOTE ARE OUTLINED AND SPECIFIED IN OUR BYLAWS. EACH MEMBER HAS ONE VOTE. FORM 990, PAGE 6, PART VI, LINE 11B MANAGEMENT PROVIDES NECESSARY DATA TO INDEPENDENT CPA WHO COMPLETES THE RETURN. MANAGEMENT REVIEWS THE RETURN FOR ACCURACY, AND THEN AUTHORIZES CPA TO E-FILE THE APPROVED RETURN. MANAGEMENT REVIEWS THE RETURN WITH THE DIRECTORS AT THEIR NEXT BOARD MEETING. FORM 990, PAGE 6, PART VI, LINE 12C DIRECTORS AND EMPLOYEES ANNUALLY COMPLETE A FORM LISTING ANY POSSIBLE CONFLICTS OF INTEREST. THESE FORMS ARE REVIEWED TO ENSURE COMPLIANCE. FORM 990, PAGE 6, PART VI, LINE 15A BOARD OF DIRECTORS COMPENSATION COMMITTEE DETERMINES COMPENSATION FOR PRESIDENT/CEO. COMMITTEE USES CUNA SALARY SURVEY AS A PART OF THEIR PROCESS. RECOMMENDATIONS ARE SUUBMITTED TO FULL BOARD OF DIRECTORS FOR THEIR FINAL APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO MEMBERS BY REQUEST. FORM 990, PART XI, LINE 9 NET EQUITY INCREASE FROM MERGERS 2,686,066 INITIAL CECL ADJUSTMENT -366,637 TOTAL 2,319,429