CUNA Mutual adds two funds to retirement package

MADISON, Wis. – CUNA Mutual has added two more fund options for participants in its CU Pathfinder retirement plan. CU Pathfinder offers defined benefit, defined contribution and 401(k) retirement plans to 550 credit unions, with more than 780 plans and $500 million in assets. The first new offering, CUNA Mutual Group’s three-year Guarantee Investment Contract (GIC), guarantees principal and interest for a fixed period of time. Similar to a certificate of deposit (CD), the GIC represents a commitment of money for the guaranteed contract period. The second fund is the Vanguard All Cap Value Fund, targeting large and small cap value stocks. It focuses on energy, utility and financial stocks, with some holdings in technology and health-care stocks.