Given the lawsuit originally claimed more than $7 million in losses, we believe the settlement was an appropriate resolution to this matter," CUMIS
said in a prepared statement.
Desjardins Group and a partnership comprised of Canada's five provincial credit union centrals (the Centrals) and The CUMIS
Group have entered into a definitive agreement to merge the businesses of their subsidiaries, Credential Financial Inc.
The study was carried out during the second CUMIS
, held in April, 2011.
de SCSF se presenta como una oportunidad para incentivar la responsabilidad social en los estudiantes del area de salud, quienes participan en la planificacion y ejecucion de intervenciones de prevencion y promocion de la salud en las comunidades visitadas.
The ratings for CUMIS
recognize its supportive level of risk-adjusted capitalization, conservative balance sheet, overall operating profitability and well-established niche position in the credit union and multi-peril crop insurance segments.
Under this agreement, ProAg cedes 100% of its net written premiums, after cessions to the Federal Crop Insurance Programme and non-affiliated reinsurers, to CUMIS
When the NCUA filed a claim with CUMIS
to collect on a $5 million claim for employee dishonesty, it was rejected by the Madison, Wis.
The upgrading of the ratings for ProAg is based on the revision of a quota share reinsurance agreement with its affiliate, CUMIS
The credit union said it secured a bond insurance policy from CUMIS
, a subsidiary of CUNA Mutual Group in Madison, Wis.
However, the recent acquisition of the CUMIS
group should continue to bolster its presence in the credit union marketplace.
This new legal dispute is similar to a separate lawsuit in which the NCUA sued CUMIS
over its decision not to pay a $3 million dollar fidelity bond claim after a forensic auditor determined a former CEO's embezzlement scheme caused a loss of more than $10 million that collapsed the $51 million St.
to serve six months in home confinement and to pay $1 million in restitution to CUMIS
and $452,752 to the NCUA.