CUNA To Trim Net Income

SAN FRANCISCO - (09/27/05) - CUNA said it expects to report netincome of around $1 million for 2005. The net income is down from2004, when the national trade association reported a net of $1.8million. As a result, reserves are expected to decline to $17.5million, from the current $17.8 million, Allan McMorris, treasurerof the CUNA Board, reported at Monday's annual general meeting.CUNA's CSSI service subsidiary is expected to account for about$400,000 of the net income.