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
CUNA Mutual annual report is online
MADISON, Wis. (5/28/10)--CUNA Mutual Group’s 2009 Annual Report is available online and shows the company enhanced its financial strength in every key capital measure compared to 2008, the company said. The report reflects CUNA Mutual Group’s 75th anniversary. In 2009, CUNA Mutual generated net income of $51 million after experiencing a net income loss in 2008. The company said it strengthened itself in key areas, including Generally Accepted Accounting Principles Capital, Total Adjusted Capital and Risk-Based Capital Ratio. In the first quarter of 2010, the company posted positive revenue and operating gain results, exceeding 2009’s results for the same period in both categories. CUNA Mutual started 2010 with $666 million in total revenue in the first quarter, a 5.5% increase over the same period in 2009. Net income for the quarter was $39 million, which exceeds the first two quarters of 2009. Each capital measure continued to improve in the first quarter, with total adjusted capital within $53 million of its all-time high. To read the full report, use the link.
Other Resources

RSS





print
News Now LiveWire
Record # of applicants for Crash the GAC means every state & D.C. will B represented by young #CU professional at #CUNAGAC #crashthegac15
11 hours ago
.@WOCCU and @CUNA are co-hosting 2015 America’s CU Conference July 12-15 in Denver. Registration is open here: http://t.co/FanFeaO0bC
11 hours ago
Recording of @CUNA Jan. 26 #rbc2 webinar is now available online here: http://t.co/jgxkd65Fj0 Just sign in and listen.
12 hours ago
.@SEC_News 2/19 proxy voting roundtable: contested director elections, increasing retail shareholder participation http://t.co/8k0p6ZvNL8
12 hours ago
.@TheNCUA posted resources 2 help consumers protect themselves,take action if they believe they were ID theft victims:http://t.co/HVaikbuT9H
14 hours ago