WASHINGTON (2/15/11)--The Trust for Credit Unions’ (TCW) recently revamped open architecture offers more flexibility and paves the way for expanded investment options. The open architecture offers the ability to select from multiple providers for critical roles such as investment management, transfer agent, and compliance. The ability to negotiate better terms/fees with multiple providers, access to professional investment management resources, and strong board of trustee oversight are just a few of the benefits of the current business model, said the trust’s distributor. The Trust for Credit Unions—the only mutual fund family solely for credit unions--was created in 1987 by industry leaders who sought more investment options as liquidity swelled. The three funds that now make up the Trust for Credit Unions--Money Market Portfolio, Ultra-Short Duration Portfolio, and Short Duration Portfolio--ranging from overnight to about two years. During its 23 years, the trust has served over 500 credit union investors with total fund balances peaking at $4.1 billion. The TCU board of trustees, which meets quarterly, is composed of eight members from credit unions and outside professionals. The fund’s administrator, CUFSLP, is composed of 39 credit unions with Callahan Financial Services, the fund’s distributor, serving as the general partner.