TRUST, a provider of mutual funds to credit unions, and its distributor, Callahan Financial Services Inc., have partnered with CUSO Financial Services LP.
The alliance will help expand distribution of TRUST's institutional portfolios within the credit union industry, according to both companies.
All three of TRUST's portfolios will be co-distributed and are designed to fill credit unions' specific needs for target duration investments, the companies said.
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, according to TRUST.
“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.
Jay Johnson, president of TRUST, said the new relationship will help TRUST reach more credit unions as they search for investment options.
Credit unions have invested over $1.5 billion in TRUST's three portfolios, according to Callahan Financial Services.
“We are committed to providing quality institutional investment options that suit credit unions' unique needs,” said Matt Johnson, director of institutional fixed income sales at CUSO Financial.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- 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.
