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Michigan Credit Union League

CMFG Life Earns an 'A'

CMFG Life Insurance Co., a subsidiary of CUNA Mutual Group, and MEMBERS Life Insurance Company recently earned an “A” (Excellent) rating from A.M. Best Co. CMFG Life received this rating from the U.S.-based insurance rating agency based on its financial strength.

CMFG Life also received an “A” (Excellent) rating for its property/casualty subsidiaries: CUMIS Insurance Society, Inc. and CUMIS Specialty Insurance Company, Inc. CUNA Mutual Financial Group, Inc., the intermediate holding company within the group, was given an issuer credit rating of “bbb.”

CU Solutions Group and Michigan’s credit unions have been strong supporters of CUNA Mutual Group (CMG) throughout the years. Ninety-eight percent of Michigan’s credit unions utilize CMG for at least one product.

CMG offers protection and risk management services, lending programs, personal lines for their members through TruStage and retirement plans for their employees. In 2014, more than $34 million in claims were paid to Michigan credit unions and their members along with more than $8 million in reimbursements paid to credit unions.

For more information about partnering with CMFG Life Insurance Co., contact Alan Babcock, lending and insurance consultant for CU Solutions Group, at Alan.Babcock@CUSolutionsGroup.com. More information can also be found on the CU Solutions Group website.
 

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2015-02-02 00:00:00