The Trust for Credit Unions (TCU), the largest family of institutional mutual funds created specifically for credit unions’ unique investment needs, has experienced strong growth as many credit unions re-evaluate investment options and seek more competitive alternatives to potentially mitigate earnings pressure.
Total assets under management in the TCU Portfolios exceeds $1.5 billion today, which represents a growth rate of 54.6% since December 31, 2019. Callahan Financial Services, Inc, a subsidiary of Callahan & Associates, acts as the funds’ distributor and has been working closely with interested credit unions to provide detailed information on both the TCU Ultra-Short Duration Portfolio, which targets a duration of three months, and the TCU Short-Duration Portfolio, which targets a two-year duration. ALM First Financial Advisors serves as the funds’ investment advisor, providing ongoing economic updates and timely educational resources to benefit both current and potential investors.
“In an economic environment where every basis point matters, it’s even more critical for credit unions to have access to actively managed investment options like TCU,” said Jay Johnson, President of TCU. “With TCU’s history of performance spanning more than 30 years, we’re confident that we can continue to deliver value to our growing investor base.”
TCU helps credit unions succeed 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 leading credit unions with oversight by a board of trustees, TCU’s mutual fund options are professionally managed and are based on the cooperative values of credit unions.
In addition to the mutual fund products TCU offers, credit union professionals can also take advantage of a wide range of educational investment information and resources, including daily and monthly market commentaries. For more information, visit www.trustcu.com or contact TCU at 800-237-5678.