The straight line

Thank you to everyone who was able to attend our hospitality room in Minneapolis on December 5th during the CHS Annual Meeting. We have had the pleasure of hosting a hospitality room during this annual event for many years now and were very pleased with the turn out this year!

As we enter 2014, a number of changes take place, including those made by the American Taxpayer Relief Act of 2012 (ATRA), signed into law on January 2, 2013, and the provisions in the Patient Protection and Affordable Care Act of 2010 (ACA), scheduled to take effect in 2013 and 2014.

Credit unions have seen their profitability stabilize in 2013 when compared to 2012. Through the first six months of 2013, credit unions have maintained a return on assets of 0.84%. Interest yields are expected to remain steady for both loans and investments. CUNA believes that there will be no NCUA corporate assessment in 2014.

GT employees had a very busy yet fun summer, whether they were working an event, training, attending a baseball game, gardening or…oh yeah, working!

Tax Increment Financing is something almost every municipality is dealing with. Created by Chapter 403 of the Code of Iowa, tax increment financing allows counties and cities to capture the increment (increased) taxes generated from the construction or expansion of buildings and infrastructure.

One question I receive from clients is “how long we should keep our old records?” The issue of how long to keep business records is an important one, but the policy for the destruction of these records is just as important.