EX-10 6 e97904_ex10va.txt AMENDMENT TO PROCUREMENT AND DISBURSEMENT AND BILLING AND COLLECTION SERVICES AGREEMENT THIS AMENDMENT ("Amendment"), effective as of January 15, 2014 (the "Effective Date"), amends the Procurement and Disbursement and Billing and Collection Services Agreement effective December 20, 2007 (the "Agreement"), by and between CUNA Mutual Insurance Society, now known as, CMFG LIFE INSURANCE COMPANY ("CUNA Mutual") and its subsidiaries and affiliates (collectively, "Company"), and is entered into by CUNA Mutual, Company, CUNA Mutual Holding Company, CUNA Mutual Financial Group, Inc., TruStage Insurance Agency, LLC, CUMIS Vermont, Inc. (formerly known as CUMIS Bermuda Ltd.), CMFG Life Vermont, Inc., CUNA Mutual Management Services, LLC, CUNA Mutual Global Holdings, Inc., and CUMIS Mortgage Reinsurance Company. WHEREAS, this Amendment is fully incorporated into the Agreement; capitalized terms used in this Amendment, and not otherwise defined herein, will have the meanings set forth in the Agreement; and WHEREAS, a number of wholly-owned direct and indirect subsidiaries and affiliates of CUNA Mutual were formed; and WHEREAS, such entities wish to become parties to the Agreement; NOW, THEREFORE, in consideration of the responsibilities respectively assumed by the parties under the terms and conditions of the Agreement, the parties hereto intending to be legally bound hereby agree that the provisions of this Amendment shall control the terms and conditions of the Agreement to the extent set forth herein: 1. Effective their respective dates of incorporation, TruStage Insurance Agency, LLC, CUMIS Vermont, Inc. (formerly known as CUMIS Bermuda Ltd.), CMFG Life Vermont, Inc., CUNA Mutual Management Services, LLC, CUNA Mutual International Holdings, Ltd., CUNA Mutual International Finance, Ltd., CUNA Mutual Global Holdings, Inc., and CUMIS Mortgage Reinsurance Company each agree to become a party to the Agreement, each as a Subsidiary (as defined in the Agreement), and accept all applicable terms and conditions of the Agreement, and shall be bound by all of the obligations and entitled to the rights of a Company thereunder. 2. The following new Section 19 is inserted and fully incorporated into the Agreement: "If during a fiscal year CUNA Mutual or any Company acquires or organizes another wholly-owned entity that is intended to be included as a party to this Agreement, then such entity shall join in and be bound as a Company to this Agreement." 3. Schedule A is hereby amended and replaced with the following new Schedule A. All references to Schedule A in the Agreement shall be deemed a reference to the Schedule A attached hereto. All other terms and conditions of the Agreement not materially affected by this Amendment shall remain in full force and effect. (C)CUNA Mutual Group. All Rights Reserved. -1-
IN WITNESS WHEREOF, the parties have caused this Amendment to the Procurement and Disbursement and Billing and Collection Services Agreement to be executed by their duly-authorized representatives on the Effective Date set forth above. COMPANY CMFG Life Insurance Company /s/ Robert N. Trunzo --------------------------------------------- BY: Robert N. Trunzo ----------------------------------------- TITLE: President & Chief Executive Officer -------------------------------------- COMPANY CUMIS Specialty Insurance Company, Inc. --------------------------------------------- BY: James M. Power ----------------------------------------- TITLE: President -------------------------------------- COMPANY MEMBERS Capital Advisors, Inc. --------------------------------------------- BY: David P. Marks ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUNA Mutual Financial Group, Inc. --------------------------------------------- BY: David P. Marks ----------------------------------------- TITLE: EVP, Chief Investment Officer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -2-
IN WITNESS WHEREOF, the parties have caused this Amendment to the Procurement and Disbursement and Billing and Collection Services Agreement to be executed by their duly-authorized representatives on the Effective Date set forth above. COMPANY CMFG Life Insurance Company --------------------------------------------- BY: Robert N.Trunzo ----------------------------------------- TITLE: President & Chief Executive Officer -------------------------------------- COMPANY CUMIS Specialty Insurance Company, Inc. /s/ James M. Power --------------------------------------------- BY: James M. Power ----------------------------------------- TITLE: President -------------------------------------- COMPANY MEMBERS Capital Advisors, Inc. --------------------------------------------- BY: David P. Marks ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUNA Mutual Financial Group, Inc. --------------------------------------------- BY: David P. Marks ----------------------------------------- TITLE: EVP, Chief Investment Officer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -2-
IN WITNESS WHEREOF, the parties have caused this Amendment to the Procurement and Disbursement and Billing and Collection Services Agreement to be executed by their duly-authorized representatives on the Effective Date set forth above. COMPANY CMFG Life Insurance Company --------------------------------------------- BY: Robert N.Trunzo ----------------------------------------- TITLE: President & Chief Executive Officer -------------------------------------- COMPANY CUMIS Specialty Insurance Company, Inc. --------------------------------------------- BY: James M. Power ----------------------------------------- TITLE: President -------------------------------------- COMPANY MEMBERS Capital Advisors, Inc. /s/ David P. Marks --------------------------------------------- BY: David P. Marks ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUNA Mutual Financial Group, Inc. /s/ David P. Marks --------------------------------------------- BY: David P. Marks ----------------------------------------- TITLE: EVP, Chief Investment Officer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -2-
COMPANY CUMIS Insurance Society, Inc. /s/ Michael T. Defnet --------------------------------------------- BY: Michael T. Defnet ----------------------------------------- TITLE: SVP, Sales -------------------------------------- COMPANY MEMBERS Life Insurance Company --------------------------------------------- BY: Timothy Graham ----------------------------------------- TITLE: SVP, Business Finance -------------------------------------- COMPANY CMFG Life Vermont, Inc. --------------------------------------------- BY: Christopher J. Copeland ----------------------------------------- TITLE: SVP, Chief Risk Officer -------------------------------------- COMPANY CUNA Mutual Insurance Agency, Inc. --------------------------------------------- BY: John H. Wallace ----------------------------------------- TITLE: President -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -3-
COMPANY CUMIS Insurance Society, Inc. --------------------------------------------- BY: Michael T. Defnet ----------------------------------------- TITLE: SVP, Sales -------------------------------------- COMPANY MEMBERS Life Insurance Company /s/ Timothy Graham --------------------------------------------- BY: Timothy Graham ----------------------------------------- TITLE: SVP, Business Finance -------------------------------------- COMPANY CMFG Life Vermont, Inc. --------------------------------------------- BY: Christopher J. Copeland ----------------------------------------- TITLE: SVP, Chief Risk Officer -------------------------------------- COMPANY CUNA Mutual Insurance Agency, Inc. --------------------------------------------- BY: John H. Wallace ----------------------------------------- TITLE: President -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -3-
COMPANY CUMIS Insurance Society, Inc. --------------------------------------------- BY: Michael T. Defnet ----------------------------------------- TITLE: SVP, Sales -------------------------------------- COMPANY MEMBERS Life Insurance Company --------------------------------------------- BY: Timothy Graham ----------------------------------------- TITLE: SVP, Business Finance -------------------------------------- COMPANY CMFG Life Vermont, Inc. /s/ Christopher J. Copeland --------------------------------------------- BY: Christopher J. Copeland TITLE: SVP, Chief Risk Officer -------------------------------------- COMPANY CUNA Mutual Insurance Agency, Inc. --------------------------------------------- BY: John H. Wallace ----------------------------------------- TITLE: President -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -3-
COMPANY CUMIS Insurance Society, Inc. --------------------------------------------- BY: Michael T. Defnet ----------------------------------------- TITLE: SVP, Sales -------------------------------------- COMPANY MEMBERS Life Insurance Company --------------------------------------------- BY: Timothy Graham ----------------------------------------- TITLE: SVP, Business Finance -------------------------------------- COMPANY CMFG Life Vermont, Inc. --------------------------------------------- BY: Christopher J. Copeland ----------------------------------------- TITLE: SVP, Chief Risk Officer -------------------------------------- COMPANY CUNA Mutual Insurance Agency, Inc. /s/ John H. Wallace --------------------------------------------- BY: John H. Wallace ----------------------------------------- TITLE: President -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -3-
COMPANY CUNA Mutual Investment Corporation /s/ Alastair C. Shore --------------------------------------------- BY: Alastair C. Shore ----------------------------------------- TITLE: EVP, Chief Financial Officer -------------------------------------- COMPANY CMG Student Lending Services, LLC BY: CMFG Life Insurance Company, its sole member /s/ Alastair C. Shore --------------------------------------------- BY: Alastair C. Shore ----------------------------------------- TITLE: EVP, Chief Financial Officer -------------------------------------- COMPANY CUNA Brokerage Services, Inc. --------------------------------------------- BY: James H. Metz ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUMIS Vermont, Inc. --------------------------------------------- BY: Thomas J. Merfeld ----------------------------------------- TITLE: President -------------------------------------- COMPANY TruStage Insurance Agency, LLC --------------------------------------------- BY: Susan M. Sachatello ----------------------------------------- TITLE: SVP, Direct to Consumer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -4-
COMPANY CUNA Mutual Investment Corporation --------------------------------------------- BY: Alastair C. Shore ----------------------------------------- TITLE: EVP, Chief Financial Officer -------------------------------------- COMPANY CMG Student Lending Services, LLC BY: CMFG Life Insurance Company, its sole member --------------------------------------------- BY: Alastair C. Shore ----------------------------------------- TITLE: EVP, Chief Financial Officer -------------------------------------- COMPANY CUNA Brokerage Services, Inc. /s/ James H. Metz --------------------------------------------- BY: James H. Metz ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUMIS Vermont, Inc. --------------------------------------------- BY: Thomas J. Merfeld ----------------------------------------- TITLE: President -------------------------------------- COMPANY TruStage Insurance Agency, LLC --------------------------------------------- BY: Susan M. Sachatello ----------------------------------------- TITLE: SVP, Direct to Consumer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -4-
COMPANY CUNA Mutual Investment Corporation --------------------------------------------- BY: Alastair C. Shore ----------------------------------------- TITLE: EVP, Chief Financial Officer -------------------------------------- COMPANY CMG Student Lending Services, LLC BY: CMFG Life Insurance Company, its sole member --------------------------------------------- BY: Alastair C. Shore ----------------------------------------- TITLE: EVP, Chief Financial Officer -------------------------------------- COMPANY CUNA Brokerage Services, Inc. --------------------------------------------- BY: James H. Metz ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUMIS Vermont, Inc. /s/ Thomas J. Merfeld --------------------------------------------- BY: Thomas J. Merfeld ----------------------------------------- TITLE: President -------------------------------------- COMPANY TruStage Insurance Agency, LLC --------------------------------------------- BY: Susan M. Sachatello ----------------------------------------- TITLE: SVP, Direct to Consumer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -4-
COMPANY CUNA Mutual Investment Corporation --------------------------------------------- BY: Alastair C. Shore ----------------------------------------- TITLE: EVP, Chief Financial Officer -------------------------------------- COMPANY CMG Student Lending Services, LLC BY: CMFG Life Insurance Company, its sole member --------------------------------------------- BY: Alastair C. Shore ----------------------------------------- TITLE: EVP, Chief Financial Officer -------------------------------------- COMPANY CUNA Brokerage Services, Inc. --------------------------------------------- BY: James H. Metz ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUMIS Vermont, Inc. --------------------------------------------- BY: Thomas J. Merfeld ----------------------------------------- TITLE: President -------------------------------------- COMPANY TruStage Insurance Agency, LLC /s/ Susan M. Sachatello --------------------------------------------- BY: Susan M. Sachatello ----------------------------------------- TITLE: SVP, Direct to Consumer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -4-
COMPANY CUNA Mutual Management Services, LLC /s/ Stephen W. Koslow --------------------------------------------- BY: Stephen W. Koslow ----------------------------------------- TITLE: President -------------------------------------- COMPANY International Commons, Inc. /s/ Stephen W. Koslow --------------------------------------------- BY: Stephen W. Koslow ----------------------------------------- TITLE: President -------------------------------------- COMPANY CPI Qualified Plan Consultants, Inc. --------------------------------------------- BY: Paul Chong ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUMIS Mortgage Reinsurance Company --------------------------------------------- BY: Sean Dilweg ----------------------------------------- TITLE: President -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -5-
COMPANY CUNA Mutual Management Services, LLC --------------------------------------------- BY: Stephen W. Koslow ----------------------------------------- TITLE: President -------------------------------------- COMPANY International Commons, Inc. --------------------------------------------- BY: Stephen W. Koslow ----------------------------------------- TITLE: President -------------------------------------- COMPANY CPI Qualified Plan Consultants, Inc. /s/ Paul Chong --------------------------------------------- BY: Paul Chong ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUMIS Mortgage Reinsurance Company --------------------------------------------- BY: Sean Dilweg ----------------------------------------- TITLE: President -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -5-
COMPANY CUNA Mutual Management Services, LLC --------------------------------------------- BY: Stephen W. Koslow ----------------------------------------- TITLE: President -------------------------------------- COMPANY International Commons, Inc. --------------------------------------------- BY: Stephen W. Koslow ----------------------------------------- TITLE: President -------------------------------------- COMPANY CPI Qualified Plan Consultants, Inc. --------------------------------------------- BY: Paul Chong ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUMIS Mortgage Reinsurance Company /s/ Sean Dilweg --------------------------------------------- BY: Sean Dilweg ----------------------------------------- TITLE: President -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -5-
COMPANY CUNA Mutual International Finance, Ltd. /s/ Brian J. Borakove --------------------------------------------- BY: Brian J. Borakove ----------------------------------------- TITLE: Treasurer -------------------------------------- COMPANY CUNA Mutual Global Holdings, Inc. --------------------------------------------- BY: Michael R. Celichowski ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUNA Mutual International Holdings, Ltd. --------------------------------------------- BY: Michael R. Celichowski ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUNA Mutual Holding Company Political Action Committee BY: CMFG Life Insurance Company, its sole member --------------------------------------------- BY: Christopher P. Roe ----------------------------------------- TITLE: Treasurer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -6-
COMPANY CUNA Mutual International Finance, Ltd. --------------------------------------------- BY: Brian J. Borakove ----------------------------------------- TITLE: Treasurer -------------------------------------- COMPANY CUNA Mutual Global Holdings, Inc. /s/ Michael R. Celichowski --------------------------------------------- BY: Michael R. Celichowski ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUNA Mutual International Holdings, Ltd. /s/ Michael R. Celichowski --------------------------------------------- BY: Michael R. Celichowski ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUNA Mutual Holding Company Political Action Committee BY: CMFG Life Insurance Company, its sole member --------------------------------------------- BY: Christopher P. Roe ----------------------------------------- TITLE: Treasurer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -6-
COMPANY CUNA Mutual International Finance, Ltd. --------------------------------------------- BY: Brian J. Borakove ----------------------------------------- TITLE: Treasurer -------------------------------------- COMPANY CUNA Mutual Global Holdings, Inc. --------------------------------------------- BY: Michael R. Celichowski ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUNA Mutual International Holdings, Ltd. --------------------------------------------- BY: Michael R. Celichowski ----------------------------------------- TITLE: President -------------------------------------- COMPANY CUNA Mutual Holding Company Political Action Committee BY: CMFG Life Insurance Company, its sole member /s/ Christopher P. Roe --------------------------------------------- BY: Christopher P. Roe ----------------------------------------- TITLE: Treasurer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -6-
COMPANY CUNA Mutual Group Foundation, Inc. /s/ Faye A. Patzner --------------------------------------------- BY: Faye A. Patzner ----------------------------------------- TITLE: President -------------------------------------- COMPANY 6834 Hollywood Boulevard LLC, BY: CMFG Life Insurance Company, its sole member /s/ Faye A. Patzner --------------------------------------------- BY: Faye A. Patzner ----------------------------------------- TITLE: EVP, Chief Administrative Officer -------------------------------------- COMPANY CUNA Mutual Holding Company /s/ Faye A. Patzner --------------------------------------------- BY: Faye A. Patzner ----------------------------------------- TITLE: EVP, Chief Administrative Officer -------------------------------------- (C)CUNA Mutual Group. All Rights Reserved. -7-
Schedule A AFFILIATES AND SUBSIDIARIES OF CMFG LIFE INSURANCE COMPANY 6834 Hollywood Boulevard, LLC CMFG Life Vermont, Inc. CMG Student Lending Services, LLC CPI Qualified Plan Consultants, Inc. CUMIS Insurance Society, Inc. CUMIS Mortgage Reinsurance Company CUMIS Specialty Insurance Company, Inc. CUMIS Vermont, Inc. CUNA Brokerage Services, Inc. CUNA Mutual Financial Group, Inc. CUNA Mutual Global Holdings, Inc. CUNA Mutual Group Foundation, Inc. CUNA Mutual Holding Company CUNA Mutual Holding Company Political Action Committee CUNA Mutual Insurance Agency, Inc. CUNA Mutual International Finance, Ltd. CUNA Mutual International Holdings, Ltd. CUNA Mutual Investment Corporation CUNA Mutual Management Services, LLC International Commons, Inc. MEMBERS Capital Advisors, Inc. MEMBERS Life Insurance Company TruStage Insurance Agency, LLC J:\lgl\rgt6398 - Gundrum\Amendment to Procurement Disbursement and Billing and Collection Services Agreement 022514.doc (C)CUNA Mutual Group. All Rights Reserved. -8-