WASHINGTON — The Trust for Credit Unions' mutual funds rose 35% in the first three months of the year to $2.047 billion in total balances as of March 31, according to Callahan Financial Services.

The Trust for Credit Unions, a group of investment funds made exclusively for credit unions, was founded in 1988 by 20 credit unions. The TCU Portfolios, which are advised by Goldman Sachs Asset Management, offer three funds: Money Market Portfolio, Short Duration Fund, and Ultra Short Duration Fund.

Callahan Financial Services, a wholly owned subsidiary of Callahan & Associates, is the distributor of the TCU mutual funds.

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