Missouri Corporate to Offer TRUST Mutual Funds to Credit Unions through New Distributor Relationship
WASHINGTON, DC (May 3, 2013) Missouri Corporate Credit Union recently joined other prominent industry partners as the newest distributor of TRUST, the oldest and largest mutual fund family created for and by credit unions. Through a relationship with Callahan Financial Services, Inc., Missouri Corporate will be able to expand access to TRUST’s credit union-owned, institutional portfolios within the industry.
Missouri Corporate Credit Union serves member credit unions in Missouri, Oklahoma, Illinois and North Dakota. Any credit union in the United States is eligible to join Missouri Corporate.
“We take great pride in serving our members with high quality products delivered with first class personal service,” said Dennis DeGroodt, CEO of Missouri Corporate. “We’re pleased to add TRUST’s three credit union-focused mutual funds to the products we offer.”
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. Today, credit unions have invested over $1.5 billion in TRUST’s three portfolios.
The three TRUST Portfolios offer a range of options including a Money Market Portfolio for overnight or short-term investment needs, an Ultra-Short Duration Portfolio designed to target a duration of nine months, and a Short Duration Portfolio designed to target a duration of approximately two years. All three Portfolios contain only obligations authorized under the Federal Credit Union Act. In addition, Missouri state-chartered credit unions may invest in any instrument that is acceptable for a federal credit union to invest in under federal rules and regulations. State-chartered credit unions outside Missouri should check with their state regulator.
“Missouri Corporate’s focus on award winning service and high quality products made them an ideal partner for TRUST,” said Jon Jeffreys, Executive Vice President of Callahan Credit Union Financial Services Limited Partnership (CUFSLP), the funds’ administrator. “We look forward to working closely with Missouri Corporate to help provide competitive investment options to their member credit unions.”
Learn more about Missouri Corporate at mocorpcu.coop. More information about TRUST may be found at www.trustcu.com.
The Trust for Credit Unions (TCU) is a family of institutional mutual funds offered exclusively to credit unions. Callahan Financial Services is a wholly owned subsidiary of Callahan & Associates and is the distributor of the TCU mutual funds. Goldman Sachs Asset Management. L.P. is the investment adviser of the TCU mutual funds. To obtain a prospectus that contains detailed fund information including investment policies, risk considerations, charges and expenses, call Callahan Financial Services, Inc. at 800-CFS-5678. Please read the prospectus carefully.