Trust for Credit Unions more than doubles in 2020 to exceed $2 billion in assets, continues offering competitive investment options

WASHINGTON, DC (July 21, 2020) — The Trust for Credit Unions (TCU), the largest family of institutional mutual funds created specifically for credit unions’ unique investment needs, has continued to experience rapid growth as many credit unions re-evaluate their investment options and seek more competitive alternatives amid higher deposit levels and growing earnings pressure.

Total assets under management in the TCU Portfolios now exceeds $2 billion, which represents a growth rate of 103.6% since December 31, 2019. The TCU Ultra-Short Duration Portfolio, which targets a three-month duration, had a 30-day yield of 0.57%* as of July 20th, while the TCU Short-Duration Portfolio, which targets a two-year duration, had a 30-day yield of 1.36%* over the same period.

Callahan Financial Services, Inc, a subsidiary of Callahan & Associates, acts as the funds’ distributor and 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.

“TCU has been delivering value to credit union investors for more than 30 years,” said Jay Johnson, President of TCU. “Access to TCU’s actively managed investment options is even more critical in the current environment. We’re pleased to welcome new credit union investors and provide educational resources that benefit the industry.”

“Our team’s experience and expertise in managing short-duration fixed income portfolios for credit unions for more than 25 years has contributed heavily to the success of the TCU Ultra-Short Duration and Short Duration Portfolios,” says Jason Haley, Chief Investment Officer for ALM First. “In our role as investment advisor, we strive to maximize return within the risk constraints set forth in the fund guidelines. We also share our knowledge and market insights regularly to ensure investors remain current on the latest trends.”

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 or contact TCU at 800-237-5678.

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.


Media Contact:
Sharon Simpson
(202) 223-3920 |

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