Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
A.M. Best affirms CUNA Mutuals A rating
MADISON, Wis. (2/4/08)--CUNA Mutual Group’s financial strength rating has been affirmed as “A” or excellent by ratings agency A.M. Best. The “A” rating was assigned to the principal companies of CUNA Mutual Group, including CUNA Mutual Insurance Society and CUMIS Insurance society--the company’s U.S. property and casualty subsidiary. The company’s outlook has been listed as stable, and the agency recognized CUNA Mutual’s “excellent risk-adjusted capitalization, overall operating profitability and conservative balance sheet.” CUNA Mutual’s underwriting results in 2007 and its support of credit unions were cited as strengths by A.M. Best. The agency noted expansion plans into new product areas, which also was noted. “Management continues to expect that enhanced product offerings and joint-venture opportunities will provide growth opportunities for future expansion, as evidenced by its 45% quote share participation in crop insurance produced by Producer’s Ag Insurance Group,” A.M. Best said. This year, CUNA Mutual will “develop new markets and new products that help CUNA Mutual grow--at the same time, we will provide more value to credit unions and their members,” said CUNA Mutual President/CEO Jeff Post. CUNA Mutual is a provider of financial services and products to credit unions and their members worldwide.
Other Resources

RSS





print
News Now LiveWire
.@CUNA , trades unite to urge Congress on #datasecurity action http://t.co/gzmZGX9nfF
1 hour ago
State of Wash. @dficonsumers has expanded its CAMEL ratings to include an "S" for interest-rate sensitivity.
1 hour ago
.@HUDgov tweets: Be sure to tune in tonight to watch @SecretaryCastro on @TheDailyShow with Jon Stewart http://t.co/B1L23NQaoJ
1 hour ago
.@NJCUL Southern Chapter meeting canceled due to the impending snowstorm
2 hours ago
.@CUNA staff preparing for today's #RBC2 webinar http://t.co/9rVX41DLfQ
3 hours ago