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Iowa Institute for Cooperatives Iowa Institute for Cooperatives Cooperatives provide a proven business model that has fostered economic progress in Iowa for decades. The Iowa Institute for Cooperatives IIC has been lighting the way for cooperatives across the state since 1951. Our members come from a variety of industries including agriculture credit unions rural electric rural telephone farm credit petroleum and more. We develop educational and training programs for our members provide timely news updates and guide legislative actions that build upon the strength of the cooperative system.