Iowa Credit Union League
501(c)(6)
Only null% goes to programs Strong reserves Growing revenue
Iowa Credit Union League is a 501(c)(6) organization based in Wdm, Iowa, registered in 1944, with $1,895,006 in FY2024 revenue. CharityIndex grades it C.
7745 Office Plaza Dr N Ste 170, Wdm, IA, 50266 EIN 83-0494970 Since 1944
Revenue (FY2024)
$1.9M
▲ 17.2% vs prior year
Expenses (FY2024)
$4.4M
Net assets
$86.5M
Employees
4
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 3 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Iowa Credit Union League— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating234 mo reserves · -134% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Iowa Credit Union League: 234 mo reserves · -134% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Iowa Credit Union League: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Iowa Credit Union League: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To strengthen the credit union movement by promoting its growth and well-being, and providing the tools for members to succeed.
What they do
Regulatory compliance - monitor regulatory issues, field compliance questions and provide strategic direction concerning credit union compliance issues.
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.
Contact & location
Financial trends
Revenue declined from $2.1M (FY2013) to $1.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $951KNet assets $86.5M
Operating margin
-134.3%
Spent more than it raised in the latest fiscal year.
Total assets
$87.4M
Total liabilities
$951K
Net assets
$86.5M
Salaries & benefits
$556K
13% of expenses
Board members
11
11 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,895,006▲17.2% | $4,439,965▼0.1% | $86,488,540▼1.9% | $87,439,487▼1.4% | 990 |
| 2023 | $1,617,276▼4.6% | $4,444,811▲1.4% | $88,122,338▼0.3% | $88,690,449▼0.2% | 990 |
| 2022 | $1,695,127▲29.5% | $4,382,938▲14.7% | $88,382,328▼15.9% | $88,859,297▼16.3% | 990 |
| 2021 | $1,308,674▼53.6% | $3,821,975▼20.8% | $105,124,570▼3.9% | $106,193,438▼3.9% | 990 |
| 2020 | $2,817,444▲60.2% | $4,827,348▲17.7% | $109,415,194▼0.1% | $110,516,210▼0.5% | 990 |
| 2019 | $1,758,194▼33.8% | $4,102,906▼29.5% | $109,541,711▲1.2% | $111,062,979▼0.9% | 990 |
| 2018 | $2,654,996▼97.0% | $5,822,309▲39.0% | $108,245,331▲4.3% | $112,046,621▼0.3% | 990 |
| 2017 | $89,916,143▲5001% | $4,187,653▲13.0% | $103,737,300▲209% | $112,328,917▲229% | 990 |
| 2016 | $1,762,557▼15.4% | $3,706,166▲6.2% | $33,546,505▼0.2% | $34,173,028▼2.6% | 990 |
| 2015 | $2,083,500▼15.5% | $3,489,646▲11.4% | $33,628,426▲2.1% | $35,097,341▲1.9% | 990 |
| 2014 | $2,465,048▲16.9% | $3,133,413▲5.1% | $32,943,052▲3.3% | $34,449,286▲3.4% | 990 |
| 2013 | $2,109,445 | $2,982,196▲11.5% | $31,891,758▲3.5% | $33,320,476▲3.9% | 990 |
| 2012 | — | $2,675,062▲13.9% | $30,809,688▲67.9% | $32,070,364▲66.1% | 990 |
| 2011 | — | $2,347,643▼0.8% | $18,350,476▼4.1% | $19,309,815▼3.7% | 990 |
| 2010 | — | $2,365,607 | $19,144,804 | $20,061,455 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Murray Williams — $282,317 (6.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Murray Williams | Ceo | 10 | $282,317 |
| Jaimie Miller-ackley | Vice President | 40 | $163,929 |
| Travis Schipper | Cfo | 10 | $112,393 |
| Brad Mertens | Director | 1 | — |
| Cindy Stephenson | Director | 1 | — |
| David Klavitter | Director | 1 | — |
| Greg Hanshaw | Director | 1 | — |
| Jami Weems | Director | 1 | — |
| Jeff Hayes | Vice Chairman | 1 | — |
| Jordan Hensley | Director | 1 | — |
| Julie Pingel | Director | 1 | — |
| Mark Peters | Director | 1 | — |
| Matt Dodds | Director Thru 8/24 | 1 | — |
| Mike Moroney | Director | 1 | — |
| Scott Zahnle | Chairman | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| America's Credit Union | National Trade Association For Credit Un | $730,294 |
| Policyworks-iowa | Lobbying & Public Affairs | $720,059 |
| Hawthorne Building LLC | Office Rent | $526,211 |
| Viclarity LLC | Compliance Consulting | $422,367 |
| Ovg Iowa Events Center | 2024 Icul Convention Site | $143,003 |
Grants received · $262K total
3 grants to Iowa Credit Union League totaling $262K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Veridian Credit Union | Member engagement | 2024 | $100,421 |
| Veridian Credit Union | Member engagement | 2023 | $105,506 |
| Veridian Credit Union | General support | 2022 | $56,510 |
Grants made · $10K in FY2014
1 grant totaling $10K in FY2014. All grants made by Iowa Credit Union League →
| Recipient | Purpose | Amount |
|---|---|---|
| Worldwide Foundation For Credit Unions Inc | General support | $10,000 |
Frequently asked questions
- Is Iowa Credit Union League a legitimate nonprofit?
- Yes. Iowa Credit Union League is a 501(c)(6) organization registered with the U.S. Internal Revenue Service under EIN 83-0494970, based in Wdm, Iowa.
- What is Iowa Credit Union League's EIN?
- Iowa Credit Union League's Employer Identification Number (EIN) is 83-0494970.
- How much revenue does Iowa Credit Union League report?
- Iowa Credit Union League reported $1,895,006 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Iowa Credit Union League have?
- CharityIndex grades Iowa Credit Union League C, based on financial health (reserves and operating margin).
- How much does Iowa Credit Union League's highest-paid employee make?
- The highest reported compensation on Iowa Credit Union League's latest Form 990 is $282,317, paid to Murray Williams (Ceo).
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Explore more
Data for Iowa Credit Union League (EIN 83-0494970) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.