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Economic Woes Cause $8 Million Loss for CUNA

The negative impact of the economy on its investments caused CUNA to have to write off $8 million last year, the organization reported yesterday.

By Claude R. Marx | Updated on May 05, 2009

The negative impact of the economy on its investments caused CUNA to have to write off $8 million last year, the organization reported yesterday.

The diminishing value of the association’s investments and the losses in its benefit plan caused the association to have a change in its restricted net assets of $7.9 million. In 2007, the association lost $5.2 million.

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