MADISON, Wis. — CUNA Mutual Group said it recently earned strongratings from Fitch Ratings on its operational restructuring.

The “AA-” (Very Strong) rating and “Stable” outlook apply to theprincipal companies of CUNA Mutual Insurance Society: CUMISInsurance Society, Inc., a property and casualty subsidiary andaffiliate CUNA Mutual Life Insurance, which is expected to mergewith CUNA Mutual Insurance Society by year-end.

In reaffirming the “AA-” rating, Fitch recognized CUNA Mutual'sstrong relationships and market position within the credit unionmarketplace and good overall balance sheet fundamentals, CUNAMutual said. Fitch also identified concern over the decreasingnumber of credit unions and increased price competition amonginsurers serving the credit union marketplace.

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