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 in strong position despite economy
MADISON, Wis. (10/1/08)--CUNA Mutual Group is in a strong financial position, despite the troubles afflicting the U.S. economy, the company said in a statement posted on its website. “As you read the headlines and hear the financial news, it's important you know CUNA Mutual stands committed to credit unions, credit union members, and its policyholders through these challenging times,” CUNA Mutual said. “Despite the current economy, CUNA Mutual’s operating performance remains strong in 2008--results that follow a three-year period of growing revenues by 25%, doubling our profitability, and increasing benefits to customers by more than $500 million,” the company added. CUNA Mutual’s exposure to AIG, Freddie Mac, Fannie Mae, Lehman Bothers and Merrill Lynch is less than 0.1% of it general account, the company said. The compnay had $8.3 billion of cash and investments in its general account at the end of 2007. Despite economic challenges throughout the rest of 2008 and into 2009, CUNA Mutual predicts solid growth the rest of this year and a strong overall operating outlook.
Other Resources

RSS





print
News Now LiveWire
Home prices rising faster than wages: @RealtyTrac #NewsNow #Market http://t.co/wa74mnw3Cu
27 minutes ago
.@Nussle dropped by the @ACUMuseum recently. Read about his visit http://t.co/bYe8RRgYLP
1 hour ago
.@PCISSC issues new pen test guidelines for businesses to identify network vulnerabilities @CUinfosecurity http://t.co/ENeGTPSMjf
2 hours ago
#Georgia credit union parity bill awaits signature from @NathanDeal http://t.co/zbS4IZsOp6
3 hours ago
IRS @IRSnews to offer April 8 webinar on UBIT #NewsNow http://t.co/hZIHF5RbH4
3 hours ago