Washington, D.C. – The Trust for Credit Unions (TCU), the largest family of institutional mutual funds created specifically for credit unions’ unique investment needs, has experienced strong growth as many credit unions re-evaluate their investment options.
Total assets under management in the TCU Portfolios recently exceeded $1 billion. This represents 60% growth year-over-year as of January 31, 2020. Callahan Financial Services, Inc, which acts as the funds’ distributor, has already welcomed several new credit union investors in 2020 and is gearing up for a busy year. ALM First Financial Advisors, Inc. took over as the funds’ investment advisor in 2017 and worked closely with TCU’s Board of Trustees to update several investment policies to better serve investors.
“This is the highest level of activity we’ve seen since 2015,” said Jay Johnson, President of TCU. “With TCU’s history of performance spanning more than 30 years, we’re confident that we can continue to deliver value to our growing investor base.”
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 leading credit unions and with oversight by a board of trustees, TCU’s mutual fund options keep credit unions invested, are professionally managed, and are based on the cooperative values of credit unions.