Blog

For Immediate Release:  September 15, 2022
Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – The Trust for Credit Unions (TCU), the oldest and largest mutual fund family created for and by credit unions, has expanded its product line by launching a new investment option. The new portfolio was created to address the industry’s pressing need to enhance talent management and cooperatives’ ongoing goal of maximizing community impact.

The Enhanced Income Intermediate Duration Credit Portfolio seeks to achieve a high level of total return and income and was designed to help credit unions access broader investment options through their Employee Benefits Pre-Funding Plans and Charitable Donation Accounts (CDAs). ALM First serves as the investment advisor of the new portfolio in addition to TCU’s two core bond portfolios.

“As the first new portfolio launched by TCU in more than 25 years, this product represents an important milestone,” says Julie Renderos, Chair of TCU’s Board of Trustees and Executive Vice President & Chief Financial Officer for Suncoast Credit Union. “As credit unions focus more on talent management and community impact, TCU’s Enhanced Income Intermediate Duration Credit Portfolio serves an important industry need.”

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For Immediate Release:  February 15, 2022
Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – The Board of Trustees for Trust for Credit Unions (TCU), the oldest and largest mutual fund family created for and by credit unions, re-elected Jay Johnson as President & Treasurer and Jon Jeffreys as Vice President & Assistant Treasurer during its first quarterly meeting of 2022. They also recognized several all-time records the funds achieved in 2021, including surpassing $5 billion in assets under management and welcoming new credit union investors at an unprecedented rate. In addition, TCU discussed new products they are developing for launch later this year.

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For Immediate Release:  September 16, 2021

Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – The Board of Trustees for the Trust for Credit Unions (TCU), the largest mutual fund family created for and by credit unions, recently appointed Lisa Ginter and J. Mark McWatters to the Board.

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For Immediate Release:  July 1, 2021
Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – The Trust for Credit Unions (TCU), the oldest and largest mutual fund family created for and by credit unions, has seen record investment over the past year as credit unions seek more competitive options. As of May 31, 2021, the TCU Ultra-Short Duration Portfolio’s year-to-date total return had delivered approximately $6.2 million in additional value compared with what credit unions would have earned investing in the fund’s benchmark, a 3-month U.S. Treasury.

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For Immediate Release:  June 3, 2021
Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – The Trust for Credit Unions (TCU), the largest mutual fund family created for and by credit unions, has opened a record number of new accounts in its two bond portfolios over the past year and recently exceeded 100 institutional investors. Total assets under management remain above $5 billion, an all-time record.

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For Immediate Release:  April 13, 2021
Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – Assets under management in the Trust for Credit Unions (TCU), the oldest and largest mutual fund family created for and by credit unions, recently broke the previous all-time record of just over $4 billion, attracting nearly $1 billion in new investments in a single month. The two TCU bond funds, the Ultra-Short Duration and Short Duration Portfolios had total combined assets of $5 billion as of April 12, 2021.

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For Immediate Release:  March 11, 2021
Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – Assets under management in the Trust for Credit Unions (TCU), the oldest and largest mutual fund family created for and by credit unions, increased by 215% in 2020 compared with the industry’s total investment growth of 55% last year. The two TCU bond funds, the Ultra-Short Duration and Short Duration Portfolios had total combined assets of over $4 billion as of March 10, 2021.

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For Immediate Release:  February 12, 2021
Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – Assets under management in the Trust for Credit Unions (TCU), the oldest and largest mutual fund family created for and by credit unions, continue to set new records. The two TCU bond funds, the Ultra-Short Duration and Short Duration Portfolios had total combined assets of $3.61 billion as of February 11, 2021.

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For Immediate Release:  January 28, 2021
Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – The Board of Trustees for Trust for Credit Unions (TCU), the oldest and largest mutual fund family created for and by credit unions, renewed key contracts for administration and distribution during its quarterly meeting this month.

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For Immediate Release:  November 30, 2020
Contact: Sharon Simpson, (202) 223-3920 or ssimpson@callahan.com

Washington, D.C. – The Trust for Credit Unions (TCU), the largest family of institutional mutual funds created specifically for credit unions’ unique investment needs, is continuing to serve credit unions’ investment needs as many seek more competitive alternatives amid higher deposit levels and growing earnings pressure. The total assets under management of both TCU Portfolios is nearing the $3 billion mark, while the TCU Short-Duration Portfolio alone recently exceeded $1 billion in assets.

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