CMFG Ventures, LLC,  the venture capital arm of Madison-based CUNA Mutual Group, said Wednesday it led a $10 million venture capital investment in Chicago-based ForeverCar, a provider of extended vehicle service plans.

The investment is the fifth for the venture group, which was formed in February but is now making its public debut, said Brian Kaas, managing director.

CUNA Mutual, a provider of insurance and other financial products for the credit union industry, formed CMFG Ventures to invest in early-stage companies in the credit union, financial services and insurance industries. Read the full story here.