Approximately 550,000 policyholders mutually own CMFG Life Insurance Company, which reorganized its structure to become a mutual insurance holding company as of Feb. 1, 2012, notes Credit Union Times. Before reorganizing, CMFG was the CUNA Mutual Insurance Society. The company and its subsidiaries use the trade name CUNA Mutual Group.
Serving credit unions since its founding in 1935, CUNA Mutual offers features such as its online lending platform called LoanLiner.com and a mobile version called Smartphone Loan, reports Credit Union Times. CMFG Life Insurance Company has headquarters in Madison, Wisconsin, according to CUNA Mutual. The company and its subsidiaries offer products that include life, accidental death, health, motor vehicle and home insurance.