WASHINGTON, DC – TRUST, the oldest and largest mutual fund family created for and by credit unions, and its primary distributor, Callahan Financial Services, Inc., have recently partnered with CUSO Financial Services L.P. (CFS), a full-service broker dealer and SEC Registered Investment Advisor that provides customized investment and insurance solutions to credit unions across the country, to expand distribution of TRUST’s institutional portfolios within the credit union industry.
“Callahan Financial Services is thrilled to work with a well-known and respected industry partner like CUSO Financial Services to expand distribution of TRUST’s three credit union-focused portfolios,” remarked Jay Johnson, President of TRUST. “This new relationship will help TRUST reach more credit unions as they search for investment options.”
“At Callahan Financial Services, we look to partner with firms that put credit union interests first. This is one of the reasons we are so excited to welcome CUSO Financial Services as a distribution partner,” said Mike Philbin, Vice President of Callahan Financial Services.
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. Today, credit unions have invested over $1.5 billion in TRUST’s three portfolios.
All three of TRUST’s portfolios will be co-distributed by CFS and are designed to fill credit unions’ specific needs for target duration investments. The Money Market, Ultra-Short Duration and Short Duration Portfolios invest only in instruments permissible for federal credit unions to purchase as defined by the NCUA.
“We are committed to providing quality institutional investment options that suit credit unions’ unique needs,” said Matt Johnson, director of institutional fixed income sales, CUSO Financial Services, LP. “Our partnership with TRUST comes at the same time we have enhanced our own trading program, Institutional Portfolio Solutions (IPS), that offers commission concession to clients, so credit unions now have more product choices than ever before. Between TRUST’s mutual fund portfolios and our own IPS bond offerings, clients now have numerous investment options with superior service and management support. This partnership with TRUST is great for our credit unions and perfect timing for those interested in institutional trading.”
Credit unions interested in trading opportunities with CUSO Financial Services can call Matt Johnson at 858-530-4496 or visit www.cusonet.com. More information about TRUST may be found at www.trustcu.com.
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.
About CUSO Financial Services, L.P.
Established in 1997, CUSO Financial Services, L.P. (Member FINRA/SIPC) is headquartered in San Diego and works with more than 150 credit unions across the country. With branch offices located nationwide, CFS is a full-service broker/dealer and SEC Registered Investment Adviser offering customized investment and insurance solutions to credit unions. For more information, call 858-530-4400 or visit www.cusonet.com.