Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Corporate America launches mutual fund
IRONDALE, Ala. (6/1/11)--Corporate America CU, a corporate credit union in Irondale, Ala., has launched a mutual fund for credit unions. Corporate America CU Short Duration Fund was developed by Corporate Financial Solutions, an investment adviser and credit union service organization of Corporate America CU. The fund was created as a credit union investment vehicle that restricts its portfolio to securities and transactions that are permissible for federal credit unions. The fund’s portfolio will be managed by Thomas Bonds, president/CEO of both Corporate Financial Solutions and Corporate America CU. U.S. Bancorp Fund Services LLC will manage fund operations. The investment objective of the fund is to provide high current income while preserving capital and maintaining liquidity by investing in obligations authorized under the Federal Credit Union Act, according to Corporate Financial Solutions. Corporate America CU Short Duration Fund is a no-load fund requiring a minimum investment of $50,000.
Other Resources

RSS print
News Now LiveWire
Falling #gas prices: Pros, cons for U.S. economy #NewsNow #Market http://t.co/XWwwERwe7e
10 hours ago
Members of Interstate FCU have voted to merge with Credit Union of Southern California https://t.co/yYeSWEG4GH
12 hours ago
.@InfinityFCU has named Liz Hayes as president/CEO. Hayes was formerly EVP and chief administrative offficer at @Affinity_Plus
12 hours ago
.@wpcu battles Speedway in round 3 of Dayton Brand Madness via @DBJnews http://t.co/EbQL5f9be8
14 hours ago
New at #NewsNow: Fed regulators approve new #QRM rule. http://t.co/Bdz5q43xjZ
15 hours ago