MADISON, Wis. – CUNA Mutual Group on Wednesday reported audited financials for 2009 that showed a $51 million net for the year, compared to a $151 million loss for 2008.
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The credit union insurer also reported a strong first quarter with $39 million in net income, more than the net for the first two quarters last year. CUNA Mutual reported $666 million in revenue for the first quarter, up 5.5% for the same period last year.
Through 2009 the company, which is celebrating its 75th anniversary, said it strengthened itself in key areas, including GAAP Capital, Total Adjusted Capital and Risk-Based Capital Ratio.
