WASHINGTON -- The Office and Professional Employee International Union and policy holders who oppose CUNA Mutual Group's move to the merge the CUNA Mutual Insurance Society, headquartered in Wisconsin, with the CUNA Mutual Life Insurance Company say they will not litigate for the ability to the list of the life insurers' policyholders.
This effectively means that the organization is abandoning effective opposition to the plan in favor of laying the groundwork to combat the insurer's eventual demutualization that it called a near certainty.
Rick Rehberg, research director for Research Associates of America, a union affiliated research organization and an organizer of the Keep CUNA Mutual group, said the group really could not mount an effective campaign without the list.
"On the merger vote among CMLIC policyholders, there is really no way to fight it without the list," Rehberg maintained. "There are about 250,000 policyholders in all and we have no way of contacting them. The merger vote is really only important as step two in the demutualization process, on its own it will not have much effect. CMG made their phony offer to mail to policyholders on our behalf, knowing full well we can't afford a quarter-million stamps."
This effectively means that the organization is abandoning effective opposition to the plan in favor of laying the groundwork to combat the insurer's eventual demutualization that it called a near certainty.
Rick Rehberg, research director for Research Associates of America, a union affiliated research organization and an organizer of the Keep CUNA Mutual group, said the group really could not mount an effective campaign without the list.
"On the merger vote among CMLIC policyholders, there is really no way to fight it without the list," Rehberg maintained. "There are about 250,000 policyholders in all and we have no way of contacting them. The merger vote is really only important as step two in the demutualization process, on its own it will not have much effect. CMG made their phony offer to mail to policyholders on our behalf, knowing full well we can't afford a quarter-million stamps."
