Trust for Credit Unions Short Duration Portfolio exceeds $1 billion milestone

WASHINGTON, DC (November 30, 2020) — The Trust for Credit Unions (TCU), the largest family of institutional mutual funds created specifically for credit unions’ unique investment needs, is continuing to serve credit unions’ investment needs as many seek more competitive alternatives amid higher deposit levels and growing earnings pressure. The total assets under management of both TCU Portfolios is nearing the $3 billion mark, while the TCU Short-Duration Portfolio alone recently exceeded $1 billion in assets.

Throughout 2020, TCU’s two bond portfolios have reached new records. The TCU Short-Duration Portfolio, which targets a two-year duration, had a 30-day yield of 0.90%* as of November 27, 2020 while the TCU Ultra-Short Duration Portfolio, which targets a three month duration, had a 30-day yield of 0.42%* 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.

“This has been a challenging year for so many. We’re honored to support credit unions as they serve the essential financial needs of their members and communities,” said Jay Johnson, President of TCU. “This is exactly what TCU was created for – to provide credit unions with the institutional investments they need, whenever they need them.”

“2020 marked ALM First’s 25th year of serving our clients. In our role as investment advisor, we share our knowledge and market insights regularly for the benefit of TCU investors and the entire industry,” says Jason Haley, Chief Investment Officer for ALM First. “Our team’s experience managing short duration fixed income portfolios for credit unions for more than 25 years has proven critically important as more investors turn to the TCU Ultra-Short Duration and Short Duration Portfolios to fulfill their institutional investment needs.”

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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