MADISON, Wis.—CUNA Mutual Group said it has reached an agreement to sell Producer’s Ag Insurance Group (ProAg), its crop insurance business, to HCC Insurance Holdings, Inc. for $110-million in cash. The transaction, which is subject to regulatory approvals, is expected to close in the first quarter of 2015.
Fresh Today
BIRMINGHAM, Ala.—Former NCUA Chairman Dennis Dollar is offering three predictions on NCUA’s revised risk-based capital proposal, which the agency said this week will go out for a second comment period.
BIRMINGHAM, Ala.—Nothing has generated more discussion and debate among credit unions this year than NCUA’s risk-based capital proposal. With a revised rule coming, along with a second comment period, credit unions are anxiously waiting to see what the next round brings. Former NCUA Chairman Dennis Dollar offers three predictions about what’s on the way.