TRUST Renews Key Contracts with Callahan Subsidiary, Credit Union Partnership and Investment Manager
WASHINGTON, D.C. – TRUST, the oldest and largest mutual fund created for and by credit unions, renewed several of its key contracts for administration, distribution and investment management services, during its recent annual meeting. TRUST’s board of trustees reviews and evaluates each provider annually to ensure that its credit union investors are receiving the best services available.
Callahan Credit Union Financial Services Limited Liability Partnership (CUFSLP) will continue to serve as administrator for TRUST. Thirty-six leading credit unions, along with Callahan Financial Services as general partner, provide innovation, collaboration and thought leadership through CUFSLP. As the original founder and long-time administrator of TRUST, this group of credit unions also provides direct input regarding credit unions’ ongoing investment and strategic needs.
Callahan Financial Services, Inc. (CFS) will continue to serve as the TRUST’s distributor. CFS is a registered broker/dealer and a subsidiary of Callahan & Associates. This organization has been responsible for the marketing and sales of TRUST since the funds’ inception and has a deep understanding of the credit union industry’s unique needs.
Goldman Sachs Asset Management (GSAM) will also remain as TRUST’s investment adviser. GSAM is the asset management arm of The Goldman Sachs Group, Inc., which is among the world’s largest asset managers with $716.1 billion in assets under management (as of June 30, 2012).
“These service providers must demonstrate their capabilities to the entire Board of Trustees each year,” said Jim Barr, Chairman of the Board for TRUST. “I’m pleased to announce these contract renewals and believe that the continuity of providers is a testament to TRUST’s ongoing role within the industry.”
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.
In addition to the three mutual fund products the TRUST offers, credit union professionals can also take advantage of a wide range of educational investment information and resources, including daily market commentaries. For more information, visit www.trustcu.com or contact TRUST at 800-CFS-5678.
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.