Affiliates Management Company Promotes Internal Leaders for Executive Appointments

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Kelly Moore (for TMG)

(Des Moines, Iowa – June 14, 2011) – Affiliates Management Company (AMC), the parent company of The Members Group (TMG) and the holding company for the Iowa Credit Union League (ICUL) announced the promotions of two long-time organizational leaders, Jeff Russell and Murray Williams.

Russell will serve as Chief Strategy Officer of AMC, guiding and shaping strategy for all AMC operating companies, which include TMG, TMG Financial Services (TMGFS), Coopera Consulting, PolicyWorks, Community Business Lenders and PayFusion. In addition, Russell will continue in his role as President and CEO of TMG Financial Services.

Williams is stepping into the role of Chief Administrative Officer of AMC and will be responsible for alignment, integration and efficiency across AMC’s operations. In addition to his new responsibilities, Williams will continue to serve as ICUL Chief Operating Officer.

“Innovation, collaboration and transformation have been an integral part of the fundamental culture of our companies over the past 50 years,” said Patrick Jury, president and CEO of AMC and the Iowa Credit Union League (ICUL). “As our companies evolve and grow, it is important to focus on strategic alignment and integration among them. To do so, I selected key talent within our organization. Jeff and Murray each bring a wealth of knowledge and experience to their new positions.”

Russell has been part of the credit union industry for more than 20 years and during that time, he has built and managed high-growth companies, chief among them TMG and TMGFS. He will also serve as Senior Advisor to TMG.

“I am looking forward to applying my experience with credit unions and the financial services industry across a broad group of successful companies. The future is bright for each of these companies as they work to improve the financial lives of consumers,” said Russell. “Credit unions and community-based financial institutions are looking to meet the dramatically fast-changing needs of consumers, and it’s a challenge we are ready to take on with them.”

Serving as AMC’s Chief Administrative Officer, Williams will be responsible for alignment, integration and efficiency across AMC’s seven companies. He has been working on behalf of credit unions for more than 15 years and has worked for both TMG and the ICUL. In addition, Williams has successfully ushered in new companies for AMC, including Community Business Lenders, Coopera Consulting, and most recently, PayFusion.

“This is an exciting time for all of our operating companies, as well as for credit unions,” said Williams. “By leveraging our resources and maintaining a flexible structure, we are better equipped to serve our clients, their members, and our operating companies. We are well positioned to capitalize on product development and innovation, as we enhance our collaboration, alignment and efficient use of AMC’s resources for our client partners.”


With more than 20 years of industry experience in finance, product development, marketing and technology, Russell packages innovation with viable, practical solutions. He is a frequent presenter at industry conferences, sharing insight on the future of the payment systems, technology, credit and debit cards, as well as the overall financial services industry. Russell serves on the board of managers for Cooperative Payroll Solutions, the board of directors for Dwolla and on the advisory board for Coopera Consulting. He was an inaugural member of Filene Research Institute’s i3 program, which is a work group of innovative, insightful and energetic credit union professionals who are in a position with substantial responsibility in a credit union or credit union organization. He is a board member of Habitat for Humanity of Iowa, the president-elect of the Rotary Club of Des Moines A.M. and a member of Young Presidents Organization (YPO).


Williams has been with ICUL and its subsidiaries for 15 years, most recently as ICUL’s Chief Operating Officer. In this role, Williams manages ICUL’s operations while overseeing all dues and fee-based services, and providing integration with its subsidiaries and partners. He earned his Certified Association Executive (CAE) designation through the American Society of Association Executives, his MBA from Iowa State University and also completed his BA with honors at ISU. Williams is Vice Chair of the Credit Union National Association (CUNA) Hispanic Outreach Committee, has been inducted into the International Executive Volunteer Corps for the World Council of Credit Unions (WOCCU) and is a former chairman of the national Public Relations Society of America’s Association/Nonprofit Section. He sits on several community and industry committees, and is a member of the Iowa and American Societies of Association Executives.


TMG is a wholly-owned subsidiary of the Affiliates Management Company, which is owned by Iowa credit unions and their members. As a financial and credit union service organization (CUSO), TMG is dedicated to providing innovative and flexible card processing and payment solutions to credit unions and financial institutions across North America. TMG’s core products include credit, debit, ATM and a variety of ATIRA-branded prepaid solutions, as well as online reporting, ACH and ALM services. For more information, visit

TMG Financial Services is a credit card agent issuing company dedicated to providing a credit
union-centric solution that is collaborative and focuses on providing value for both credit union
organizations and cardholders. Since 2007, TMG Financial Services has purchased or started more than 40 credit card portfolios representing 55,000 accounts and more than $110 million in assets under management. TMG Financial Services is a sister company to The Members Group (TMG), a leading provider of credit, debit, ATM and prepaid processing solutions. For more information, visit


Affiliates Management Company (AMC) is a wholly-owned holding company of the Iowa Credit Union League (ICUL) that was formed to better integrate and align ICUL’s operating companies, including TMG, TMGFS, Community Business Lenders, PolicyWorks, Coopera Consulting and PayFusion. AMC aims to create efficiencies among the companies that ultimately provides value-added products and quality services to their members and clients. For more, visit


The Iowa Credit Union League (ICUL) is the non-profit, trade association that represents the interests of Iowa’s credit unions and their nearly one million members. ICUL was established in 1930, and more than 75 years later, continues to focus on helping our member credit unions succeed. Our vision is “to foster financial stability and success of our member credit unions.” For more, visit

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