Thank you for sharing!

Your article was successfully shared with the contacts you provided.

<p>MADISON, Wis. – CUNA Mutual Group has introduced two new MEMBERS Market Index Certificates to help credit unions offer members other investment options. The 1-year certificate provides a solution for members seeking maximum earning potential in the short term, but still wanting the flexibility to switch investment strategies if market conditions change. The 7-Year certificate provides a long-term investment that is being marketed as an IRA investment option. CUNA Mutual has been offering the Market Index Certificate in 2- and 4-year terms since 1994, and all are insured credit union certificates that earns dividends based on the increase in the Standard & Poor’s 500 Composite Stock Price Index. If the S&P 500 is higher on the day the certificate matures than it was on the day it was established, the member earns a percentage of the increase. If it is lower, no dividends are earned, but the entire deposit is returned in full. There are more than 500 credit unions in the certificate program with $94 million in deposits.</p>

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2022 ALM Media Properties, LLC. All Rights Reserved.