CUNA Mutual Expands MBL FundBuys

MADISON, Wis. - (03/21/06) – CUNA Mutual Group said Mondayit purchased $2.5 million in member business tax medallion loansfrom the League of Mutual Taxi Owners FCU, which it plans to add toits CY System Fund, an MBL-derived mutual fund that will be sold tocredit unions. CUNA Mutual has already purchased about $20 millionin MBLs for the fund, in which it plans to start selling shares tocredit unions once it hits $25 million. The fund is one of severalplanned by the credit union insurer as a way to create a newsecondary market for credit union assets and keeping those assetswithin the credit union movement.