WAVERLY, Iowa (11/2/10)--CUNA Mutual Group is nearing the end of a multi-million renovation at its Waverly, Iowa, facility. The $12 million to $14 million overhaul of the 140,000 square-foot facility is mostly a behind-the-scenes endeavor, with the replacement of the building’s heating, ventilation and air conditioning system, which is more than 30 years old (Waterloo-Cedar Falls Courier Oct. 26). The building is worth the investment, Reid Koenig, CUNA Mutual vice president, customer operations, told the newspaper. “It’s a solidly built building,” Koenig added. “We thought it would make more sense to renovate than build new.” CUNA Mutual employs roughly 500 of its 4,000 employees at two Waverly offices. Some of the employees work at a 50,000 square-foot location that CUNA Mutual rents. The company will move all of its Waverly employees to its main facility in town once the renovation is complete, the paper said.