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<p>MADISON, Wis. – As of year-end 2001, CUNA Mutual said that 13 corporates were participating in its CUNA Mutual Notes program, the company’s corporate CU investment line. Launched in October of 2000, corporates have invested about $250 million in Notes so far. CUNA Mutual said a number of enhancements to the program are coming soon. One that it could announce was giving corporates the ability to sell back any notes from the program for purposes of generating liquidity. There were others it could not discuss at press time. CUNA Mutual Notes is managed by MEMBERS Capital Advisors, a CUNA Mutual subsidiary. Most Notes are double AA rated backed by a collateralized portfolio and guaranteed by CUNA Mutual Life Insurance Company. The collateralized portfolio is kept at least 102% of the value of Notes outstanding.</p>

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