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        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>NONE</WebsiteAddressTxt>
        <PersonsWithBooksName>
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        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <UncorrectedPYJeopardyInvstInd>false</UncorrectedPYJeopardyInvstInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
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        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
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        <OfficerDirTrstKeyEmplGrp>
          <BusinessName>
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          <USAddress>
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            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51012</ZIPCd>
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        <CompOfHghstPdCntrctOrNONETxt>NONE</CompOfHghstPdCntrctOrNONETxt>
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          <RecipientUSAddress>
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            <CityNm>CHEROKEE</CityNm>
            <StateAbbreviationCd>IA</StateAbbreviationCd>
            <ZIPCd>51012</ZIPCd>
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          <FormAndInfoAndMaterialsTxt>LOAN APPLICATIONS ARE ATTACHED AS SAMPLES</FormAndInfoAndMaterialsTxt>
          <SubmissionDeadlinesTxt>MAY 1ST</SubmissionDeadlinesTxt>
          <RestrictionsOnAwardsTxt>LOANS ARE FIRST GRANTED TO STUDENTS WHO ARE RESIDENTS OF CHEROKEE COUNTY, IOWA, AND IN THE EVENT THAT AVAILABLE FUNDS ARE NOT EXHAUSTED BY SUCH GRANTS, THE FUNDS MAY BE USED FOR LOANS TO STUDENTS WHO RESIDE IN OTHER IOWA COUNTIES.</RestrictionsOnAwardsTxt>
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      <InvestmentsCorporateStockGrp>
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        <EOYFMVAmt>39259</EOYFMVAmt>
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        <StockNm>INTERNATIONAL EQUITY MUTUAL</StockNm>
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        <EOYFMVAmt>328610</EOYFMVAmt>
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      <InvestmentsCorporateStockGrp>
        <StockNm>FIXED INCOME MUTUAL FUNDS</StockNm>
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        <CategoryTxt>ATTORNEY FEES</CategoryTxt>
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        <NetInvestmentIncomeAmt>250</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>250</AdjustedNetIncomeAmt>
        <DisbursementsCharitablePrpsAmt>750</DisbursementsCharitablePrpsAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
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        <Desc>STUDENT LOANS</Desc>
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        <EOYBookValueAmt>1311068</EOYBookValueAmt>
        <EOYFMVAmt>1311068</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
      <OtherAssetsScheduleGrp>
        <Desc>DIVIDEND RECEIVABLE</Desc>
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        <EOYBookValueAmt>2485</EOYBookValueAmt>
        <EOYFMVAmt>2485</EOYFMVAmt>
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      <OtherAssetsScheduleGrp>
        <Desc>CASH MANAGEMENT</Desc>
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        <EOYBookValueAmt>269</EOYBookValueAmt>
        <EOYFMVAmt>269</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherExpensesSchedule documentId="RetDoc6">
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>4</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>4</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>4</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <TaxesSchedule documentId="RetDoc7">
      <TaxesDetail>
        <CategoryTxt>FOREIGN TAX</CategoryTxt>
        <Amt>792</Amt>
        <NetInvestmentIncomeAmt>792</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>792</AdjustedNetIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>EXCISE TAX</CategoryTxt>
        <Amt>1144</Amt>
        <NetInvestmentIncomeAmt>1144</NetInvestmentIncomeAmt>
        <AdjustedNetIncomeAmt>1144</AdjustedNetIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>
