CUNA Mutual Group’s Board of Directors has approved a new mutual ownership structure designed to enhance capital flexibility and improve CUNA Mutual’s ability to grow.

CUNA says the board unanimously approved a plan to convert CUNA Mutual Insurance Society from a mutual insurance company structure to a mutual holding company (MHC) structure. In the mutual holding company structure, CUNA Mutual will continue to be mutually owned, with policyholders having full ownership of the MHC.

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