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MEMBERS Capital Soars Past $10 Billion in Assets Under Management

MADISON, Wis. - More than 20 years ago, a small company formed to invest collected insurance premiums opened for business and quickly took off. This year, MEMBERS Capital Advisors reached a milestone when its assets under management surpassed the $10 billion mark. MEMBERS Capital manages the invested assets of MEMBERS...

By Staff Writer | Updated on December 16, 2003

MADISON, Wis. – More than 20 years ago, a small company formed to invest collected insurance premiums opened for business and quickly took off. This year, MEMBERS Capital Advisors reached a milestone when its assets under management surpassed the $10 billion mark. MEMBERS Capital manages the invested assets of MEMBERS Mutual Funds owned by credit union members, and Ultra Series Funds, which fund credit union employee benefit plans, annuities and other investment and asset accumulation products. In 1982, MEMBERS Capital (then known as CIMCO Inc.) was formed to invest collected insurance premiums and had $800 million in assets under management. In 1989, CIMCO’s parent company, Century Companies of America, affiliated with CUNA Mutual Group and MEMBERS Capital Advisors, was created to manage what then totaled $3 billion in investments. At the time, CUNA Mutual Group President/CEO Mike Kitchen said “the next milestone is $20 billion. It’s very achievable. We’ve come a long way relatively quickly.”

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