The Trust for Credit Unions Mutual Fund Family renewed its annual contract with Goldman Sachs Asset Management, Callahan Financial Services announced April 13.
Goldman Sachs has served as the funds' only investment adviser since TCU's inception in 1987. There are 7,700 credit unions managing $282 billion investments in three funds, with durations from overnight to 1.8 years.
TCU Board Chairman Rudy Hanley, president & CEO of $8 billion SchoolsFirst FCU, said continuing share inflows and limited loan activity will increase demand for the investments.
Continue Reading for Free
Register and gain access to:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.