Mike Powers announces plans to retire summer 2022


The Iowa Credit Union League (ICUL) and its holding company, Affiliates Management Company (AMC), have been extremely fortunate to have benefited from the financial expertise and strategic knowledge of Mike Powers over the past 13 years. Today, it is bittersweet that I announce that Mike has chosen to retire as Chief Financial Officer (CFO) of ICUL/AMC next summer. We will begin the search for a new CFO in the coming months to have an overlap of time for Mike to continue his support of our companies while he helps to train and onboard our new CFO.

With a career spanning more than 40 years, Mike has played a central role in the continued success of our ICUL/AMC family of companies since 2008. He has dedicated his time and talents toward helping us live out our mission to improve the financial lives of consumers through his roles as CFO for ICUL and AMC and CEO of AMC company, AMC FS, Inc. (formerly TMG Financial Services). We are extremely appreciative of his commitment to excellence, cultural leadership and financial stewardship.

Prior to joining AMC, Mike had successful careers spanning the accounting, banking and finance sectors. Once at ICUL, Mike led many significant projects to help build the AMC structure and guide its evolution into the family of companies we know today. Under his financial leadership, AMC operating companies achieved significant growth and success while consistently reducing ICUL dues and providing record levels of member patronage back to Iowa credit unions. We will miss Mike’s camaraderie and spirit, and we will be forever grateful for the leadership and friendship he has shared with us at ICUL/AMC.

On behalf of the Iowa Credit Union League and AMC family of companies, I would like to extend our deep gratitude to Mike Powers for his many years of service. As we approach next summer, Mike will determine his final day of work and we will announce a date to celebrate in his honor.

Congratulations to Mike on his well-earned upcoming retirement!

Murray Williams Signature
Murray Williams, CAE
President & CEO
Iowa Credit Union League

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