TRUST, a provider of mutual funds to credit unions, and itsdistributor, Callahan Financial Services Inc., have partnered withCUSO Financial Services LP.
|The alliance will help expand distribution of TRUST's institutional portfolios within the credit unionindustry, according to both companies.
|All three of TRUST's portfolios will be co-distributed and aredesigned to fill credit unions' specific needs for target durationinvestments, the companies said.
|The Money Market, Ultra-Short Duration and Short DurationPortfolios invest only in instruments permissible for federalcredit unions to purchase as defined by the NCUA, according toTRUST.
|“At Callahan Financial Services, we look to partner with firmsthat put credit union interests first. This is one of the reasonswe are so excited to welcome CUSO Financial Services as a distribution partner,” said MikePhilbin, vice president of Callahan Financial Services.
|Jay Johnson, president of TRUST, said the new relationship willhelp TRUST reach more credit unions as they search for investmentoptions.
|Credit unions have invested over $1.5 billion in TRUST's threeportfolios, according to Callahan Financial Services.
|“We are committed to providing quality institutional investmentoptions that suit credit unions' unique needs,” said Matt Johnson,director of institutional fixed income sales at CUSO Financial.
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