TRUST for Credit Unions names Jim Regan Chair and Julie Renderos Vice Chair of Board of Trustees
WASHINGTON, DC (August 9, 2016) — The Trustees of the Trust for Credit Unions, the oldest and largest mutual fund family created for and by credit unions, have elected Jim Regan Chair and Julie Renderos Vice Chair of the Board of Trustees.
Jim Regan is Chief Executive Officer of Digital Federal Credit Union (DCU), a $7.1 billion financial institution headquartered in Massachusetts and succeeds the late Gene O’Rourke as Chair. Jim has been an active participant in the Callahan Credit Union Financial Services Limited Partnership (CUFSLP), the administrator of TRUST, for more than a decade and previously served as Vice Chair. He has also been a part of the credit union community since 1992.
Julie Renderos is the Executive Vice President and Chief Financial Officer of Suncoast Credit Union and has more than 20 years of experience in the financial services industry. In addition to being named Vice Chair, Julie will serve as Chair of the Audit Committee and its designated Financial Expert. She has served on the Audit Committee for TRUST since 2015 and been an active participant in CUFSLP. Julie has also earned her Certified Credit Union Executive designation and is a Certified Public Accountant licensed in the state of Florida.
“TRUST is a strong example of the collaboration credit unions need to thrive and I am pleased to be able to serve as Chair of the Board of Trustees,” said Regan. “Our focus on providing credit union-specific investment options will continue to evolve as we further develop our investment platform to serve the industry’s needs.”
The Trustees are a vital component of our organizational structure and have a fiduciary responsibility to represent the funds’ shareholders. They also oversee the performance of all the service providers and ensure that compliance and risk management practices are always up to date. The Trustees are elected by the shareholders. The combination of credit union experience and independence reflects both the cooperative design and SEC regulations for Trustee selection.
The other trustees currently serving are:
- Rudy Hanley: Former President and CEO, SchoolsFirst Federal Credit Union
- Stan Hollen: Former President and Chief Executive Officer, CO-OP Financial Services
- Gary Oakland: Former President and CEO, BECU
- Bucky Sebastian: Former Executive Director, NCUF; and Former President and CEO, GTE Federal Credit Union
- Michael Steinberger: Dean, Western CUNA Management School & Associate Professor of Economics, Pomona College
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.
About Trust for Credit Unions (TCU)
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. ALM First Financial Advisors, LLC 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.
For questions, please call the TCU Group at 1-800-237-5678.
