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S.D. Supreme Court Returns CUNA Mutual Case to Lower Court

Class action status also ordered in case over alleged unauthorized change in credit life disability insurance rates. Insurer pays $116,000 fine.

By Michael Muckian | Updated on August 20, 2013

The suit against Black Hills Federal Credit Union and CUNA Mutual regarding an alleged unauthorized change in credit life disability insurance rates has been remanded by the South Dakota Supreme Court back to the lower court to be tried as a class action suit.

The original complaint stated that the insurer improperly raised credit disability rates on a closed-end home equity loan secured by Edward D. and Kathy L. Thurman in October 1995, and similar loans sold to other borrowers by BHFCU.

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