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.