Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
.@LACULeague in @DailyComet: #creditunions' "old" benefits attractive to new generation http://t.co/AzOv3nB7IB
18 hours ago
At @FTC request, court halts operations of an alleged debt-relief scammer calling itself “FTC Credit Solutions.” http://t.co/qMsDBmKExH
23 hours ago
.@daytondailynews : The secret is out about #creditunions http://t.co/Aqu3pFTROV @DayAirCU @CODECreditUnion
23 hours ago
.@CUNA's @Nussle on @SenatorReid :(2of2)On behalf of more than 102M #CU members,I thank him 4 his leadership over the yrs/wish him the best.
1 day ago
.@CUNA CEO Nussle on Sen. Reid’s decision not 2 seek re-election (1of2): Sen. Reid has a long history of #CU support throughout his career.
1 day ago