Washington, D.C. – The Board of Trustees for Trust for Credit Unions (TCU), the largest mutual fund family created for and by credit unions, renewed the contract for investment advisory services during its recent quarterly meeting. As part of its ongoing governance role, the Board of Trustees reviews and evaluates each provider regularly to ensure that its credit union investors are receiving the best services available.
ALM First Financial Advisors, LLC (ALM First) will continue to serve as TCU’s investment advisor. This is the firm’s first contract renewal since 2017, when shareholders approved ALM First as TCU’s new investment advisor. ALM First has a long history of partnering with credit unions and is committed to serving the industry. With approximately $20 billion of assets under management and over 250 financial institution clients nationwide, ALM First is a leading, trusted strategic partner for financial advisory services.
“The ALM First team is known for its industry-leading expertise. They possess a wide and deep understanding of capital markets, financial research and the unique business needs of credit unions,” says Julie Renderos, Executive Vice President & Chief Financial Officer of Suncoast Credit Union, Vice Chair of the TCU Board and Chair of the TCU Audit Committee. “This knowledge, along with their overall structure as an SEC-registered financial advisor, enables them to act as a strategic partner to credit unions and has already proved beneficial to the TCU funds.”
TCU helps credit unions succeed 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, TCU’s mutual fund options keep credit unions always invested, are professionally managed, and are based on the cooperative values of credit unions.
In addition to the mutual fund products TCU offers, credit union professionals can also take advantage of a wide range of educational investment information and resources, including daily and monthly market commentaries. For more information, visit www.trustcu.com or contact TCU at 800-CFS-5678.
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. ALM First Financial Advisors, LLC. 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 ALM First – ALM First Financial Advisors is a strategic partner for depositories, offering an array of financial advisory services. Since 1995, our expertise in asset/liability management, fixed income portfolio management and hedging, has allowed us to deliver deeper insights into financial institutions’ balance sheets, strengthening their financial performance and building efficiencies. With approximately $20 billion of investments under management, ALM First is an SEC-registered investment advisor, acting as an unbiased third party, offering commission-free, fee-based services to over 250 financial institutions across the country.