Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
CUs seek cash-management strategies
WASHINGTON (4/25/11)--The Trust for Credit Unions’ Ultra-Short Duration Portfolio is a cash management tool that uses short-term, liquid investments to increase yield and improve balance sheets. The portfolio targets nine-month Treasury bills and seeks current income and low volatility by investing in obligations authorized under the Federal Credit Union Act. “Daily pricing, next-day settlement, and no minimums or maximums are just a few of the benefits that make the Trust for Credit Unions’ funds attractive options for credit unions looking to optimize their investment portfolios without sacrificing liquidity,” said Jon Jeffreys, executive vice president of Callahan Credit Union Financial Services Limited Partnership (CUFSLP), the funds’ administrator. CUFSLP is a partnership of 39 credit unions with Callahan Financial Services, the fund’s distributor, serving as the general partner. The Trust for Credit Unions was created in 1987 by credit union leaders seeking more investment options as liquidity swelled. During its 23 years, the trust has served more than 500 credit union investors with total fund balances peaking at $4.1 billion The trust’s three funds--Money Market Portfolio, Ultra-Short Duration Portfolio, and Short Duration Portfolio--have durations ranging from overnight to two years to meet credit unions’ liquidity needs. Investors can redeem shares as needed with daily pricing. Unlike individual government bonds or other securities purchased directly, selling shares of the trust portfolios requires one trade--professional managers decide what securities to sell to handle any redemption requests, CUFSLP said. The funds are also “no load,” with no front- or back-end sales charges.


RSS print
News Now LiveWire
Leagues have until Friday, April 25, to enter into @CUNA 's Blockbuster Awards. The original deadline was April 18. http://t.co/rnJYm76N8U
15 hours ago
Found out how members are saving at the ballpark with the help of their #creditunions tomorrow in #NewsNow #CUNA
17 hours ago
First annual meeting of @Cornerstone_CUL under way: http://t.co/Xp710hzRC3
18 hours ago
.@fileneresearch says #creditunions can educate young adults in the ways of retirement planning #NewsNow #CUNA http://t.co/vXToTtBVA2
18 hours ago
.@Cornerstone_CUL #credit unions lead the way in 1st QTR auto sales http://t.co/ZiSsE5HIFP
19 hours ago