HOLLYWOOD, Fla. — CUNA Mutual has been going gangbusters on is financial figures over the last few years, but this year is tough on everyone.

CUNA Mutual CEO Jeff Post told Credit Union Times in an interview from the Discovery Conference here that he did not expect to continue raking in the dough at the same rate the company had since he has run the ship. He said CUNA Mutual has certainly seen increased losses in primary mortgage insurance and a decline in earnings in investments.

CUNA Mutual has grown 25% in the past three years, but years like 2008 are exactly what their capital cushion is for. "Profitability in the credit union space is a dirty word, and it shouldn't be," Post said. He estimated that CUNA Mutual had profits in the past of about half what they should have been, and, he stressed, he's done it almost entirely without rate hikes; there was a plastic card increase.