Depositors at Coastway Community Bank, a $310 million bank in Cranston, R.I., that used to be Coastway Community Credit Union, approve mutual holding company.
CUNA Mutual Insurance Society has completed its reorganization to a mutual insurance holding company structure, according to CUNA Mutual Group.
A plan from CUNA Mutual Group for a new mutual ownership structure recently received approval from the Iowa Insurance Commissioner.
Iowa regulator's approval opens door for new mutual insurance holding company structure to take effect Jan. 31.
At its Sept. 7 annual policyholders meeting Sept.7 CUNA Mutual Group said 93% of them approved a new mutual ownership structure for the company.
Conversion will be from mutual insurance company to mutual insurance holding company if Iowa insurance commissioner approves.