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Michigan Credit Union League

A Message from CUNA Mutual Group: Look Beyond the Bottom Line

Soon, corporate earnings reports and other year-end statistics for 2014 will begin flowing into the media, where they will be parsed by journalists and industry analysts. CUNA Mutual Group’s numbers will be among them, and the company expects excellent 2014 results.

That’s a good sign for the credit union industry as a whole, but it’s more than that. It means CUNA Mutual Group will continue to invest more effort, expertise and resources on behalf of all credit unions and members, as the company does year after year.

Here’s a look beyond the bottom line – beyond products and services – at some of what CUNA Mutual Group does to support the credit union industry.

Advocacy: Lending a Strong Voice to Credit Unions
Working alongside credit unions and other industry partners, CUNA Mutual advocates for the industry with legislators and regulators at the federal and state levels.

In March 2014, the IRS reversed its ruling about Unrelated Business Income Tax, resulting in millions of dollars in refunds to more than 200 state-chartered credit unions. CUNA Mutual Group’s Larry Blanchard, who chaired the UBIT Steering Committee, has been involved in this fight since 1995.

Hundreds of the company’s employees joined in the UBIT effort by contacting their legislators.

The UBIT campaign isn’t unique. In December, CUNA Mutual Group partnered with the National Cooperative Bank to form a national Co-op Coalition to stand together in mutual support as Congress embarks on tax reform. The group is holding monthly meetings, and its early members include trade groups and similar apex organizations of mutual insurance companies, credit unions, cooperative housing, co-op utilities, and worker and agricultural-related co-ops. Blanchard and Charles Snyder, president and CEO of the National Cooperative Bank are co-chairing the coalition.

Research: Fueling Innovation and Growth
CUNA Mutual Group is a founding member of the Filene Research Institute – our industry’s “think and do tank,” and supports The Cooperative Trust, a community of young credit union professionals. The company also sponsors its own research, including the monthly Credit Union Trends Report.

Infrastructure: Investing in the Industry’s Critical Support System
CUNA Mutual Group provides financial and other support for a network of organizations – state leagues, CUNA, CUES, National CU Foundation, World Council of Credit Unions and dozens more – that credit unions use for critical services: training, leadership development, compliance resources, community-building initiatives.

Community Building: Giving Back, Lending a Hand, Caring
Local, national, and global community groups receive millions each year from CUNA Mutual Group, often in cooperation with credit unions and industry partners.

In addition to schools, neighborhoods, community centers and food pantries in communities that are home to CUNA Mutual Group offices, the company also supports the United Way, Children’s Miracle Network hospitals, Susan G. Komen, Juvenile Diabetes Research Foundation, Boys & Girls Club, WOCCU Relief Fund and the Credit Union Cherry Blossom Run.

Money isn’t everything, however. CUNA Mutual Group also takes enormous pride in how many hours, how much sweat and how much care individual employees devote to helping people. It’s a reflection of the credit union ethic of people helping people.

For more information about partnering with CUNA Mutual Group, contact Alan Babcock, lending and insurance consultant for CU Solutions Group, at More information can also be found on the CU Solutions Group website.

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2015-02-02 00:00:00