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MADISON, Wis.-CUNA Mutual Group will double its retirement planning business by acquiring CPI Qualified Plan Consultants, Inc. (CPI), a retirement plan record keeper in Great Bend, Kan. With the acquisition, CUNA Mutual will be servicing more than 7,500 retirement plans with assets nearing $10 billion. "CPI serves a similar retirement market, not credit unions, but the micro to small plan market," CUNA Mutual's Kevin Thompson said. "They also have established business and distribution, with 13 regional offices across the country, which we don't have. It's a good cultural fit." Thompson said nearly two years ago CUNA Mutual identified the 401(k) market as a potential area of growth and diversification. Despite the shake-up in the stock market, CUNA Mutual is still bullish on the 401(k). "There's no question that consumer confidence [in the stock market and their 401(k) programs] has taken a hit, but even though consumer confidence has been shaken by many factors, judging by our own portfolio, they are still maintaining their plans, they are hanging in there and continue to contribute to their 401(k)s," Thompson told CU Journal.