News Release - CUNA Mutual Group Names Jacqueline S. Shoback to Board of Directors

EVP at Boston Private Financial Holdings Brings Diverse Financial Services and Consumer Retail Expertise to Role

MADISON, Wis. – CUNA Mutual Group has appointed Jacqueline S. Shoback to its board of directors, effective immediately, replacing director Joseph J. Gasper, who is retiring after 12 years of service. Shoback is executive vice president, chief client development officer for Boston Private Financial Holdings, a publicly traded private banking and investment management firm.

A skilled veteran of the financial services sector since 2004, Shoback has held senior leadership roles with Fidelity Investments and TIAA-CREF, focused on building businesses with strategic growth opportunities. Prior to that, she was with Staples for 10 years where she held a number of operating roles with profit and loss responsibility in the U.S. and internationally.

“Jackie is a highly accomplished executive with nearly 30 years of leadership experience and a deep knowledge of the financial services and consumer retail industries,” said Robert N. Trunzo, president and CEO, CUNA Mutual Group. “Her expertise in retail financial services, wealth management and digital and consumer marketing will be an asset to our board of directors and to our company.”

Shoback joins CUNA Mutual Group at such a transformational point in the company’s history. The company continues to make significant investments in technology, data and insights, and customer experience as the consumer marketplace takes new shape.

“I am excited to be joining the board as CUNA Mutual Group leverages digital innovation to meet the needs of credit unions and their members,” Shoback said. “The company’s long history and mission of serving the financial needs of hardworking Americans is critical across our communities and country.”

Trunzo expressed gratitude to Gasper, retired president and COO, Nationwide Insurance, for his contributions to CUNA Mutual Group. “Joe joined our board of directors in 2005, the same year I started at the company. I appreciate his guidance, leadership and support, and I thank him for 12 years of outstanding service,” Trunzo said.

Continuing members of the CUNA Mutual Group board of directors include: Robert J. Marzec (chair), retired audit partner, PricewaterhouseCoopers; Janet V. Whitehouse, (vice chair), president, Wentworth Advisory Group; Caren C. Gabriel, president/CEO, Ascend Federal Credit Union; Thomas C. Godlasky, retired CEO, Aviva North America; Bert J. Hash, Jr., retired president/CEO, Municipal Employees Credit Union of Baltimore, Inc.; Angela Owens, president/CEO, American Airlines Federal Credit Union; Randy M. Smith, retired president/CEO, Randolph-Brooks Federal Credit Union; Michael G. Valentine, president/CEO, BCU, Vernon Hills, Ill. James W. Zilinski, retired chairman, president/CEO, Berkshire Life Insurance Co.; and Robert N. Trunzo, president/CEO, CUNA Mutual Group.

About CUNA Mutual Group:

CUNA Mutual Group helps people plan, protect and invest for their future – regardless of their financial standing. The company was founded more than 80 years ago by credit union leaders who were looking for an insurance partner they could trust. Today, CUNA Mutual Group helps credit unions and hardworking Americans build financial security through commercial and personal insurance products; lending and payment security solutions; and risk management, retirement, investment and marketing services. Additional information about the company can be found at www.cunamutual.com.

CUNA Mutual Group is the marketing name for CUNA Mutual Holding Company, a mutual insurance holding company, its subsidiaries and affiliates. Life, accident, health and annuity insurance products are issued by CMFG Life Insurance Company and MEMBERS Life Insurance Company. Corporate headquarters are located in Madison, Wis.


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