MEMBERS(R) Mutual Funds Announces Product and Fund Manager Realignment

MADISON, Wis., Feb. 28 /PRNewswire/ -- MEMBERS Mutual Funds, a fund group managed by MEMBERS Capital Advisors, the Registered Investment Advisor affiliate of CUNA Mutual Group, has announced changes to strengthen its mutual fund line. The changes are designed to underscore MEMBERS Mutual Funds' commitment to and focus on improving portfolio returns for its clients.

"Our goal is to provide a strong, competitive fund family," said David Marks, president of MEMBERS Capital Advisors and chief investment officer of CUNA Mutual Group. "We've realigned our funds, made significant changes in our investment management and added strong new fund managers to our roster."

Four mutual funds in the nine-fund family have been renamed to reflect fund realignment. Capital Appreciation is now Large Cap Growth Fund; Growth and Income is now Large Cap Value Fund; Mid Cap Fund is now Mid Cap Value Fund; and Multi Cap Growth Fund is now Mid Cap Growth Fund.

"Together the funds offer exposure to the full Morningstar-style box," said Marks. "Equity investors in these funds will have the opportunity to capture coverage of most of the total market without substantial risk of overlap. It will make it easier for investors and advisors to use these funds effectively and to know instantly from the name what each piece of the portfolio does."

The names of the remaining funds -- Balanced Fund, Bond Fund, High Income Fund and International Stock Fund are unchanged.

Fund managers have been realigned to enhance responsibility and accountability for each portfolio. Portfolio managers, in addition to being analysts, are supported by a team of analysts with deep experience. "We've moved from a team approach to a single portfolio manager, who is responsible for the inclusion of the team's ideas into the portfolio," said Marks. "Analysts are held accountable for the strength of their recommendations."

The fund managers, who have worked for companies including Jefferson Pilot, State Street, Principal Financial, Merrill Lynch, First Chicago, and Kemper, have national and international reputations and proven, competitive performance records. MEMBERS Mutual Funds also has added other portfolio managers and staff, increasing the team by more than 20 percent.

MEMBERS Mutual Funds has also augmented and enhanced its technology to aid in research and analysis, adding new tools to help effectively position portfolio growth. To complement its strengths, MEMBERS Mutual Funds has maintained relationships with sub-advisors Wellington Management, Shenkman, and Lazard giving MEMBERS Mutual Funds access to institutional-class money managers.

MEMBERS Mutual Funds is a diverse family of mutual funds designed for credit unions and their members, managed by MEMBERS Capital Advisors and distributed by CUNA Brokerage Services, Inc. All are part of the rich heritage of CUNA Mutual Group. For more information, call 1-800-877-6089 or visit http://www.membersfunds.com .

CUNA Mutual Group is the leading provider of financial services to credit unions and their members worldwide. More information on the company is available at http://www.cunamutual.com .

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Source: CUNA Mutual Group