EasCorp, Trust for Credit Unions Form Investment Portfolio Alliance
Through a new relationship between EasCorp and Trust for Credit Unions, 275 credit unions will have access to three new investment portfolios.
Trust for Credit Unions said it will offer several options to EasCorp including its Money Market Portfolio for overnight or short-term investment needs, an Ultra-Short Duration Portfolio designed to target a duration of nine months, and a Short Duration Portfolio designed to target a duration of approximately two years.
Callahan Financial Services, a wholly owned subsidiary of Callahan & Associates in Washington, distributes the TCU mutual funds. Goldman Sachs & Co. is the adviser of the funds.
EasCorp, a corporate credit union in Burlington, Mass., said it now serves 275 credit unions.