CMFG

AM Best Upgrades Credit Ratings of American Memorial Life Insurance Company and TruStage Life of Canada; Affirms Credit Ratings of Subsidiaries of CUNA Mutual Holding Company

Retrieved on: 
Thursday, December 7, 2023
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Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of CMFG Life Insurance Company (CMFG LIFE) and MEMBERS Life Insurance Company (MEMBERS Life).

Key Points: 
  • Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” (Excellent) of CMFG Life Insurance Company (CMFG LIFE) and MEMBERS Life Insurance Company (MEMBERS Life).
  • These companies are life/health subsidiaries of CUNA Mutual Holding Company (CUNA Mutual) and collectively referred to as CMFG Life Group.
  • These companies are property/casualty subsidiaries of CUNA Mutual and collectively referred to as CUMIS.
  • Additionally, AM Best has affirmed the Long-Term ICR of “bbb+” (Good) of TruStage Financial Group, Inc. (headquartered in Madison, WI), an intermediate holding company of CUNA Mutual.

CUNA Mutual Group And WithClutch Partner To Help Credit Unions Recapture And Refinance High Interest Consumer Debt

Retrieved on: 
Thursday, April 21, 2022
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MADISON, Wis., April 21, 2022 /PRNewswire/ -- CUNA Mutual Group announced today it will partner with WithClutch, a fintech platform focused on allowing consumers to refinance high interest consumer loans through a digitally-enabled and frictionless process. The platform turns every member touchpoint into a recapture-opportunity helping credit unions significantly increase share of wallet of existing members.

Key Points: 
  • MADISON, Wis., April 21, 2022 /PRNewswire/ --CUNA Mutual Group announced today it will partner with WithClutch , a fintech platform focused on allowing consumers to refinance high interest consumer loans through a digitally-enabled and frictionless process.
  • Through the partnership, CUNA Mutual Group will work to bring WithClutch to more credit unions.
  • The software solution allows credit unions to identify high interest loans that members hold outside the credit union and offer alternative loans reducing members' interest rates and monthly payments.
  • CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates.

AM Best Affirms Credit Ratings of Subsidiaries of CUNA Mutual Holding Company

Retrieved on: 
Thursday, March 10, 2022
Finance, Consulting, Banking, Professional Services, Insurance, Industry, Security Insurance Company, Life, Credit, CUNA Mutual Group, TLOC, Union, New York Life Insurance Company, AM Best, Empire HealthChoice Assurance, Inc. v. McVeigh, AM, News, ERM, CMFG, SD, Assurity Life Insurance Company, Sale, FSR, ALL, Good, Growth, USIC, Assurant, Insurance, Long-term care insurance, Income, Risk management, Life insurance

Both companies are life/health subsidiaries of CUNA Mutual Holding Company (CUNA Mutual) and collectively referred to as CMFG Life Group.

Key Points: 
  • Both companies are life/health subsidiaries of CUNA Mutual Holding Company (CUNA Mutual) and collectively referred to as CMFG Life Group.
  • These companies are property/casualty subsidiaries of CUNA Mutual and collectively referred to as CUMIS.
  • Additionally, AM Best has affirmed the Long-Term ICR of bbb+ (Good) of TruStage Financial Group, Inc. (headquartered in Madison, WI), an intermediate holding company of CUNA Mutual.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .