WASHINGTON, DC (October 9, 2014) -- The latest quarterly investment review released by TRUST, the oldest and largest mutual fund family created for and by credit unions, is now available and includes second quarter data for all U.S. credit unions.
The average yield on investments has been steadily increasing since bottoming out at 1.07% in the 1st quarter of 2013. The average investment yield saw a rise of eight basis points from the 1st quarter to 1.22% as of June 30th, 2014 as credit unions sought out better returns and held less in cash. Even with loan growth increasing, the overall industry’s investment portfolio still comprises 34% of total credit union assets.
“As credit unions continue to ramp up their lending activities, it is important to also remain diligent in managing the investment portfolio amidst a back drop of new regulations and continued lower short term rates,” said Jay Johnson, President of TRUST and EVP of Callahan & Associates.
The quarterly investment review is a complimentary resource available to interested credit unions courtesy of TRUST. The report includes the latest credit union data including average yield on investments, investment composition and maturity breakdowns along with high-level analysis of investment trends for the entire industry.Interested credit unions can download their free copy of the Investment Trends Review by visiting www.trustcu.com or by contacting us at info@trustcu.com.
TRUST helps credit unions succeed in serving their members by providing a professionally managed family of mutual funds --- exclusive to credit unions --- as well as the information and analysis they need to support investment decisions. Created by some of the leading credit unions with oversight by a board of trustees, TRUST’s mutual fund options keep credit unions always invested, are professionally managed, and are based on the cooperative values of credit unions.
More information about TRUST’s portfolios can also be found at www.trustcu.com.